The continuing uncertainty over the business interruption (BI) component of insured losses from April's flood and fire at the YPF La Plata refinery in Argentina has put this vexatious underwriting issue centre stage in the downstream energy market
The recent European floods are expected to be a big driver in leading to an increased demand for facultative reinsurance, according to Swiss Re
The rail (re)insurance market is braced for potential heavy losses after a runaway freight train carrying crude oil derailed in a Canadian town, causing a massive fire
These mega-floods are becoming a little too regular, aren't they?
The catastrophic failure of a Russian-made Proton-M rocket only seconds into launch is unlikely to have an impact on the global (re)insurance markets, Inside FAC has learned
The lead hull and liability insurer for the Asiana Airlines passenger plane that crash-landed at San Francisco Airport on Saturday (6 July) is American International Group (AIG), Inside FAC understands
Reinsurers appear likely to pick up a substantial portion of losses from last month's heavy flooding in Canada
Despite having no sprinklers or fire detection systems, the building that housed the fertilizer facility that exploded in West, Texas in April did not fall foul of existing regulations, according to the US Chemical Safety Board (CSB)
The extensive flooding that swept across much of Germany in June is expected to cost the industry some EUR2bn ($2.6bn), according to GVD, the German insurance association
The fine art and specie market can sleep more easily after it emerged that what would have been its largest ever hit is now likely to settle for some $200mn less than early estimates
Jeff Saper, Beach & Associates
Energy (re)insurers are looking forward to a comfortable year in 2013 despite overall downward pressure on rates, according to the latest report from Lloyd & Partners (L&P).
Generali affirmed by S&P; Liberty Mutual aims for general aviation lead; Guy Carpenter buys disability specialist; AIR adapts Japan quake model post-Tohoku; UK government reaches Flood Re deal with ABI; AM Best upgrades Ironshore to A; Fitch raises Lloyd's outlook to positive; UK solicitors' PI buyers offered swap; BHSI continues to build out ranks; L&P lifts revenues 8%; Allianz UK CEO to lead Fireman's Fund; Bolt warns over cyber pricing; Howden takes stake in Chilean broker; Top Australia
Who knows where the next off-piste risk is coming from? Not the FI market, argues Suki Basi...
The widespread softening of property cat reinsurance markets continued at the 1 July treaty renewals, with downward pressure spilling over into other classes, according to Willis Re.
Global claims management firm Crawford & Company has rolled out a new adjusting service aimed at specialty business written in Lloyd's and the international market.
A rise in catastrophe losses in the second quarter of the year is expected to dent earnings for the period, according to the consensus reached by analysts.
Well, well, well, it's always good to see one of our own take centre stage. Shortly after being profiled in these pages, Shane Doyle was elevated to the role of Dual CEO in a long-planned transition that will allow outgoing head Damien Coates to stop dividing his time between London and Sydney.
Often overshadowed by the globally significant German (re)insurance market to the north and sometimes lumped in with its Eastern neighbours, Central Europe is coming into its own as a D&F market