Catastrophe modelling companies are currently putting loss estimates for Hurricane Isaac at between $500 million and £2 billion.
Swiss Re Corporate Solutions has announced that it is to open a new office in Amstelveen, in the Netherlands.
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.
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.
Specialist re/insurance group Canopius has completed the acquisition of Omega Insurance Holdings Limited (Omega).
LSG has launched of a new website, as well as a new corporate identity.
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 has announced a profit of €1.6bn for the first half of 2012.
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 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.