22 October 2016

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BI fears abate after BASF restarts facilities

The worst fears of property (re)insurers on the BASF programme appear to have abated this week after the German chemical manufacturing giant began to restart facilities at its Ludwigshafen headquarters following an explosion and fire on the pipelines which supply the plantsRead more

RMS suggests $3.25bn Matthew median

Catastrophe risk modelling firm RMS has added its weight to those suggesting estimated US insured losses from Hurricane Matthew are likely to be relatively easily absorbed by the market, with a projected loss range of $1.5bn- $5bnRead more

IUA reignites transatlantic collateral debate

London's International Underwriting Agency (IUA) has urged the signing of a bilateral trade deal covering reinsurance (a covered agreement) to ensure that recent progress regarding collateral requirements is not wastedRead more

AIR expects low insured losses from Typhoon Haima

Catastrophe modelling firm AIR Worldwide is expecting relatively low insured losses as a result of Typhoon Haima in the Philippines, despite it making landfall as a Category 4 stormRead more

Downstream insurers eye BASF factory loss

The downstream energy insurance market could see a claim from the explosion and fire that hit chemical giant BASF's headquarters in Ludwigshafen, Germany, today (17 October)Read more

D&F share stable as London company market business dips 3.5%

The quantity of direct and facultative (D&F) (re)insurance premium written by London company market players remained relatively stable during 2015, as overall premium volume dipped slightlyRead more

JLT Re hires Moon as new Korea head

JLT Re has appointed Jong Kuk Moon as CEO of JLT Re Korea, based in the reinsurance broker's Seoul office and reporting to Kenny Moyes, CEO of JLT Re AsiaRead more

Product recall market likely to swerve $2.3bn Samsung loss

The product recall (re)insurance market is likely to swerve what is shaping up to be one of the most significant losses of recent years in relation to Samsung's Galaxy Note 7 smartphone, Inside FAC can revealRead more

Swiss Re Corporate Solutions confirms Brazilian expansion

Swiss Re Corporate Solutions (SRCS) has agreed to form a joint venture with Bradesco Seguros, the insurance arm of Bradesco Group, ending months of speculationRead more

News analysis

See more news analysis

Generation Game

With 2016 losses to date fast approaching $1bn, there can be little doubt that this is going to be an especially painful year for the power (re)insurance market. Inside FAC feels the painRead more

State of emergency

Italy's latest devastating earthquake is expected to reignite discussions surrounding the urgent need for a natural catastrophe scheme and compulsory catastrophe insurance, as Inside FAC discoversRead more

Paul Summers

Come together

Paul Summers, head of international fac, Guy CarpenterRead more

Station to Station - October 2106

Markel Corp's specialist (re)insurance division, Markel International, has hired Mike Wimbridge from Brit as senior yacht underwriter in the hull and war team, which is housed within Markel's marine, energy and property divisionRead more

Dead certs

The company is one of the leaders in its field, employing over 122 000 people worldwide. It is one of the largest chemical conglomerates in the world with a creditable health & safety track record Read more

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