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Hurricane in 1821 would cost $107bn today

North America22-09-2014Insurance News, Reinsurance News

If a severe Category 4 hurricane, similar to one that occurred in 1821, were to happen today, it would cause more than $100 billion in property losses – 50 percent more damage than Hurricane Sandy.

Eurobase appoints insurance development director

Europe22-09-2014Insurance News

Eurobase Insurance Solutions, a software and services provider, has made a number of appointments to its insurance team and group services team.

Phoenix CRetro branches into Ukraine

Bermuda, Europe22-09-2014Alternative Risk Transfer News, Insurance News, Reinsurance News

Ukraine-based insurance company BROKBUSINESS, a strategic partner of Bermudian niche reinsurer Phoenix CRetro, has been awarded a licence from the National Bank of Ukraine to post collateral abroad as part of its retro reinsurance capacity provision.

Alternative capital not used for terrorism risk: Guy Carp

North America19-09-2014Alternative Risk Transfer News, Insurance News

The influx of alternative capital into the US property catastrophe reinsurance market is not being widely deployed into terrorism risk.

MSIG at Lloyd’s posts record results

Europe19-09-2014Insurance News

Mitsui Sumitomo Insurance Group (MSIG) at Lloyd’s has posted solid profits for the year ended December 31, 2013.

ACE strengthens multinational claims division

North America19-09-2014Insurance News

ACE Group has made a number of key executive appointments in its multinational claims operations to support the recent creation of ACE’s global accounts division.

AIG unveils new leadership; Cowan and Wintrob retire

North America19-09-2014Insurance News

AIG has unveiled a new leadership team as two senior execs announce plans to retire.

XL launches regional E&S operations

North America19-09-2014Insurance News

XL has launched a regional underwriting operation in Scottsdale, Arizona to offer brokers and clients in the Western US local, more direct access to its Excess & Surplus (E&S) insurance coverages.

Brit launches cyber consortium

Europe19-09-2014Insurance News

Brit Insurance has established a consortium to offer first loss limits of up to $250 million of first party coverage.

$20bn of new capital in 2 years: Guy Carp

Asia Pacific, Europe, North America19-09-2014Alternative Risk Transfer News, Reinsurance News

Over the past two years, around $20 billion of new capital has entered into the reinsurance market.

Showing 18161 to 18170 of 21159 results

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