26 October 2014

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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

New Jersey Transit in $300mn Sandy loss dispute

17 October 2014

State-owned transport authority New Jersey Transit has filed a suit against Lloyd's underwriters Ironshore, Maiden, RSUI, Torus and Westport in a bid to recover $300mn of Superstorm Sandy lossesRead more

Mapfre Global to develop London specialty business

17 October 2014

Mapfre Global Risks will start offering specialty lines of business in aviation, energy, marine, construction and engineering from its London offices in 2015Read more

Amtrak drops Ace from $500mn Sandy suit

17 October 2014

Amtrak has dropped one defendant, Ace Bermuda Insurance, from the lawsuit it filed against a number of insurers last month, claiming over $500mn in damages for Superstorm Sandy lossesRead more

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