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Hurricane Isaac loss estimates between $500 million-$2 billion

North America31-08-2012Insurance news, Property cat, Reinsurance news

Catastrophe modelling companies are currently putting loss estimates for Hurricane Isaac at between $500 million and £2 billion.

Swiss Re Corporate Solutions to open Netherlands office

Europe, Netherlands28-08-2012Insurance news, Reinsurance news

Swiss Re Corporate Solutions has announced that it is to open a new office in Amstelveen, in the Netherlands.

Asia Pacific reinsurers re-evaluate approach, says Fitch

Asia Pacific23-08-2012Capital management news, Insurance news, Reinsurance news

High cat activity in the Asia Pacific region has prompted reinsurers to re-evaluate their underwriting approach and risk appetite, according to a report by rating agency Fitch.

Cat market to take new direction, says Willis

Asia Pacific, Europe, Latin America, MENA, North America23-08-2012Alternative risk transfer news, Property cat, Reinsurance news

The catastrophe reinsurance market is on the verge of a major shift in strategy according to a report by Willis Capital Markets & Advisory (WCMA), part of broker, Willis Group Holdings.

Canopius acquires Omega

Asia Pacific, Europe, North America21-08-2012Insurance news, Reinsurance news

Specialist re/insurance group Canopius has completed the acquisition of Omega Insurance Holdings Limited (Omega).

LSG announces new web presence and branding

Asia Pacific, Europe, Latin America, MENA, North America20-08-2012Insurance news

LSG has launched of a new website, as well as a new corporate identity.

Maiden Holdings report Q2 profit of $14.5 Million

North America08-08-2012Reinsurance news

Maiden Holdings reported second quarter 2012 net income of $14.5 million, or $0.20 per diluted share compared with a net loss of $24.4 million or a loss of $0.34 per diluted share in the second quarter of 2011.

Munich Re reports H1 earnings of €1.6bn for 2012

Europe07-08-2012Reinsurance news

Munich Re has announced a profit of €1.6bn for the first half of 2012.

Novae Group return to H1 profitability

Europe03-08-2012Reinsurance news

Specialist insurance group, Novae, has posted a profit, before tax, foreign exchange losses on non-monetary items and non-recurring items, of £19.6 million in its H1 2012 interim results.

Swiss Re gets $275 million extreme mortality protection

Europe31-07-2012Alternative risk transfer news

Swiss Re has announced the successful transfer of $275 million of extreme mortality risk to the capital markets through a securitisation programme with VITA Capital V Ltd.

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