A report from Willis Re in London points to 2011 activity as driving a 25 percent growth in Insurance Loss Warranties (ILWs) volume for 2012. The report estimates that the ILW market reached trading volumes of $6 billion last year, …
With weather forecasters issuing severe weather alerts for Texas as a slow moving cold front rolls across the state, many Texans may be reminded of the natural forces in 2011 that destroyed lives and property in all corners of the …
Bermuda-based Endurance Specialty Holdings Ltd announced that its initial loss estimate related to the floods that occurred in Thailand in the fourth quarter of 2011 is $76.5 million. The announcement said they “predominantly impacted Endurance’s property reinsurance book of business.” …
A newly published study from insurance think tank the Geneva Association analyzes the principle concerns facing the industry in 2012. The current global financial instability tops the list. It’s closely followed by concerns over governmental management of natural catastrophe risk …
Windstorms that hit southern Alberta in November have caused at least C$200 million [US$195] in insured damage, according to the Insurance Bureau of Canada. However, the estimate is preliminary, based on data from Property Claim Services Canada (PCS-Canada), a service …
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., has launched its China Property & Casualty Insurance and Reinsurance Market Report, which,” it said “reveals the opportunities and challenges vital for any insurer formulating a strategy in …
Deaths and health problems from floods, drought and other U.S. disasters related to climate change cost an estimated $14 billion over the last decade, researchers said Monday. “When extreme weather hits, we hear about the property damage and insurance costs,” …
Standard & Poor’s Ratings Services said it expects a somewhat limited impact from Hurricane Irene on U.S. property/casualty insurers and global reinsurers, based on preliminary insured loss estimates. “We do not believe that the magnitude of this event is such …
A new report from Willis ILS – Investors Eager for Cat Bonds Following Light Second Quarter Issuance – concludes that, despite, or perhaps due to the catastrophes experienced during the first quarter of 2011, investors are showing renewed and increasing …
The reinsurance world has always been a bit arcane, but rarely to the extent it appears to be right now. Henry Keeling, the president and CEO of Guy Carpenter’s international operations, noted at the European Insurance Forum in Dublin that …
