21 October 2014

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AIR estimates Indian cyclone losses at $100mn-$400mn

21 October 2014

Insured losses from the cyclone that hit the eastern Indian city of Vizag just over a week ago will range from 6bn-24bn rupees ($100mn-$400mn), according to catastrophe modelling firm AIR WorldwideRead more


Canopius builds Asia construction team in Singapore

21 October 2014

Canopius Group has appointed Ching Hong Onn as regional engineering underwriter for its Singapore platform with immediate effect, reporting to Linus Phoon, chief executive of Canopius AsiaRead more


Willis and Miller in takeover talks

21 October 2014

Global broker Willis and independent firm Miller Insurance Services have confirmed rumours that they are in exclusive takeover talks that are believed to have reached an advanced stageRead more


Didcot B power loss covered by German market

21 October 2014

Losses from a fire in one of the cooling tower modules of the gas-fired Didcot B power station in Oxfordshire, UK, are likely to be covered by the German insurance market, sources have saidRead more


Guy Carpenter’s Frankland warns of reduced “payback”

20 October 2014

The degree to which reinsurers are able to flourish after a significant loss event is in question due to the ease with which capital now flows into the industry, according to Guy Carpenter EMEA CEO Nick FranklandRead more


AJG reinsurance team joins Chilton start-up

17 October 2014

AJ Gallagher (AJG)'s reinsurance broking business, AJG Re, has been absorbed into the Grahame Chilton-backed start-up Capsicum Re, with immediate effectRead more


AIG boosts North American rail casualty capacity to $1bn

17 October 2014

American International Group (AIG) has increased its excess casualty liability limits for Class 1 railroads in the US and Canada to $1bn per occurrenceRead more


RMS: next big Frisco quake could be $200bn loss

17 October 2014

The next big earthquake to hit the San Francisco Bay Area could cause losses of up to $200bn, according to catastrophe modelling firm RMSRead more


September hailstorm lands Colorado with $213mn loss

17 October 2014

A late September hailstorm that hit parts of the US state of Colorado caused insured losses in excess of $200mn, according to an estimate from the Rocky Mountain Insurance Information Association (RMIIA)Read more


'Strongest tropical cyclone' of 2014 spares Japanese insurers

17 October 2014

Typhoon Vongfong, which made landfall at the southwestern tip of Kyushu Island, Japan, on 13 October, will not lead to significant insured losses despite being the strongest such event this year, says AIR WorldwideRead more


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