International
Rain but No Damage as Gabrielle Buffets Bermuda; Humberto to Miss Land
Missing a record for being the latest first Atlantic hurricane in the satellite era by just a few hours, Hurricane Humberto developed early Wednesday, according to AIR Worldwide, which also reported ...
World Bank Insurer Posts Third Record Year on Power Projects
Political risk insurance provided by a World Bank Group agency in developing nations rose for a third straight year to a record, led by guarantees on power projects from Angola to Bangladesh. The ...
Bermuda Braces For Gabrielle But Little Structure Damage Expected
According to catastrophe modeling firm AIR Worldwide, the seventh storm of the Atlantic hurricane season—Tropical Storm Gabrielle— is on a path that could threaten Bermuda on Wednesday, but ...
August Floods Caused Estimated $10B in Economic Losses: Aon Benfield
Aon Benfield's Impact Forecasting on Sept. 5 announced the release of its monthly Global Catastrophe Recap report, which revealed that flood losses in China, Russia, the Philippines and Pakistan ...
Fitch Sees Alternative Capital Fueling Reinsurance Mergers
Mergers and acquisitions in the reinsurance industry may rise in coming years because of higher valuations and the inflow of alternative capital, according to Fitch Ratings Ltd. The consolidation ...
Third Point Re’s Underwriting Model to Top Greenlight’s, Advises JPMorgan
Dan Loeb's Third Point Reinsurance Ltd., which had a public offering last month, will probably produce better underwriting results than David Einhorn's Greenlight Capital Re Ltd., JPMorgan Chase ...
Nat Cat Re Demand to Double in High-Growth Markets; Declining U.S. Rates to Stabilize in ’14: Swiss Re
Swiss Re expects the demand for natural catastrophe reinsurance to double in high-growth markets and to rise by around 50 percent in mature markets by 2020, the reinsurer said in a statement. ...
Reinsurance Industry Could Attract $100B in New Capital: Aon
The reinsurance industry may attract about $100 billion of new capital from alternative sources over the next five years as pension and hedge funds boost investment, according to broker Aon Plc. ...