Except for claims adjusters, 2005 was a disastrous year for the industry. Swiss Re’s sigma report logged almost 400 catastrophes, which caused damage totaling more than $230 billion: about one third, or $83 billion, was covered by insurance. Miraculously most …
Except for claims adjusters, 2005 was a disastrous year for the industry. Swiss Re’s sigma report logged almost 400 catastrophes, which caused damage totaling more than $230 billion: about one third, or $83 billion, was covered by insurance. Miraculously most …
Insurance regulators from across the county voted to recommend major changes in the way reinsurers are regulated. The Financial Condition Committee of the National Association of Insurance Commissioners this week adopted a proposal from its Reinsurance Task Force, which recommends …
In a report, Major (Re)Insurers Address Legacy Reserving Issues, While U.S. Hurricane Season Is Quiet, Standard & Poor’s Ratings Services notes that the “most significant development in recent months for European (re)insurers has been an indication that U.S. reserving issues …
Independent reinsurance and risk intermediary Benfield has just released its latest European Quarterly Report, entitled “Hoping for the Best,” covering the first half results of European reinsurance groups. The report notes that, “low natural catastrophe losses and strong mid-year renewals …
News Currents For the first time in two years the high and mighty from the reinsurance world gathered for their annual Rendezvous in Monte Carlo without having to face the consequences of an ongoing catastrophe (Ivan in 2004 and Katrina …
For the first time in two years the high and mighty from the reinsurance world gathered for their annual Rendezvous in Monte Carlo without having to face the consequences of an ongoing catastrophe (Ivan in 2004 and Katrina last year). …
For the first time in two years the high and mighty from the reinsurance world have gathered for the annual Rendezvous in Monte Carlo without having to face the consequences of an ongoing catastrophe (Ivan in 2004 and Katrina last …
In its recently issued global insurance report A.M. Best Co. concludes that “almost a year after three massive hurricanes — Katrina, Rita and Wilma — the global reinsurance industry is still struggling to manage its catastrophe exposure.” The report, “Reinsurers …
In its recently issued global insurance report A.M. Best Co. concludes that “almost a year after three massive hurricanes — Katrina, Rita and Wilma — the global reinsurance industry is still struggling to manage its catastrophe exposure.” The report, “Reinsurers …
