Reinsurance
Combined Ratios Improved More than 9 Pts. in ’13 for RAA Reinsurers
The 18 U.S. property/casualty reinsurers included in the Reinsurance Association of America's survey of financial results for year-end 2013 saw net premiums fall 3.3 percent compared to 2012, but ...
Record-Breaking Ice; Is Flooding Next?
The winter of 2014 looks to go down in history for record temps and record claims. To date, Enservio data shows that in February 2014 alone, ice damage related RCV jumped 200% over the last five ...
Munich Re Estimates 2014 Profit Dropping to $4.2B
Munich Re, the world's biggest reinsurer, said profit this year is expected to fall 9.1 percent to 3 billion euros ($4.2 billion) as prices charged by the industry decline. Munich Re also said it ...
TigerRisk Names Bartell to Lead UK Retro Practice
TigerRisk Partners, the reinsurance broking and risk/capital management firm, announced Wednesday that Martin Bartell has been named head of the company's UK-based retrocessional and specialty ...
$11+ Million a Day in U.K. Flood Insurance Claims, Says ABI
Insurance claims from the recent spate of floods in the U.K. are averaging $11.18 million a day, according to the Association of British Insurers (ABI). The "wettest winter on record is likely to ...
Alternative Capital Softening P/C Re Market: Towers Watson CFO Survey
A new survey from Towers Watson confirms that more than half (55 percent) of property/casualty insurance chief financial officers believe the property reinsurance market is softer than the primary ...
Weather Researcher Seeking Clue to Some Tornadoes’ Paths
Weather officials in Kansas will be watching major thunderstorms this year for a clue about wind speeds that may help indicate the path of potential tornadoes. The research stems from tornadoes last ...
February Storms’ Insured Losses Top $1.5B Globally: Aon Benfield
The latest Global Catastrophe Recap report from Aon Benfield's Impact Forecasting reveals that February storms led to insurance payouts of more than $1 billion globally. Japan experienced record ...