24 July 2014

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Modest loss from Samsung Brazil factory theft

18 July 2014

A $6.3mn (KRW6.5bn) loss related to the theft of merchandise from a Samsung electronics factory in Brazil will be mostly borne by insurers, the South Korean conglomerate saidRead more


Travelers denied motion to dismiss Eagle blowout claim

18 July 2014

A Texas court has denied a motion from insurer Travelers to dismiss the claim of Eagle Oil & Gas Co for a blowout at a well in Reeves County, Texas in 2011Read more


Peel Hunt downgrades Catlin to “sell” after MH17 and Tripoli war losses

18 July 2014

Catlin shares have been given a "sell" recommendation by Peel Hunt analyst Mark Williamson due to significant exposure to yesterday's (17 July) Malaysia Airlines crash and the Tripoli airport hull war lossRead more


IRPC c$150mn refinery loss to impact PTT renewal

18 July 2014

Downstream energy underwriters could face a $60mn-$240mn loss following a fire and explosion at a petrochemical plant operated by Thai refiner IRPC, Inside FAC understandsRead more


MH17 and Tripoli attacks to cost aviation war market +$300mn

18 July 2014

The niche aviation war market is facing losses of just under $100mn from the Malaysia Airlines flight MH17 crash and over $200mn from damage caused by fighting between rival militia at Tripoli International AirportRead more


Aviation war market facing losses of $400mn-$700mn

17 July 2014

Aviation war underwriters are facing a series of major losses, with some estimates putting the total exposure to five incidents in the last nine months at between $400mn and $700mnRead more


Platinum reduces Q2 top line by 17%

17 July 2014

Bermudian Platinum Underwriters Holdings has shrunk its overall top line over the second quarter, significantly reducing its casualty book with a slight increase in the property and marine accountRead more


Matta launches LatAm broker Crandon Re

16 July 2014

Industry veteran Tony Matta has launched Crandon Re, an independent multi-line reinsurance facilities broker and manager for Latin America and the CaribbeanRead more


Typhoon Neoguri losses estimated at $1bn: Credit Suisse

15 July 2014

Credit Suisse Asset Management estimated that typhoon Neoguri could cause insured losses of up to $1bn, according to an update released by listed insurance linked securities fund DCG IrisRead more


XL hires new property risk engineering head from Zurich

15 July 2014

XL Group has hired former Zurich Insurance executive Dave Schmitz to lead its global property risk engineering team, replacing Tim Heinze who moved into another position earlier this yearRead more


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