The catastrophe bond market seems to have survived the Japanese earthquake, its biggest test since the Lehman Brothers bankruptcy, with investors still likely to consider the sector despite millions of dollars of losses. The cat bond sector – in which …
A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘D’ (Poor) from ‘B-‘ (Fair) and issuer credit rating (ICR) to “c” from “bb-” of Universal Casualty Company (UCC). The outlook for both ratings is negative. Best has also …
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp, has released the latest edition of its “Fac Quarterly report,” which provides an analysis of trends witnessed in the facultative reinsurance market during the first quarter of 2011. …
Munich Re’s annual general meeting (AGM) produced some good news for the shareholders of the world’s largest reinsurer. It announced a dividend increase to €6.25 [$9.138] per share for the financial year 2010, up from €5.75 [$8.40] last year, more …
The March 11 Japan earthquake and tsunami are likely to have caused up to $34 billion in losses for the global insurance industry, catastrophe modeling company RMS said Tuesday. RMS said the magnitude 9.0 quake and subsequent flooding probably caused …
