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Insurance Day


Another Katrina could cost industry $59bn – AIR

14:08, 01 September 2015
A member of the US Coast Guard looks for survivors in the flooded streets of New Orleans after hurricane Katrina hit the US

Risk modeller predicts higher losses if the same storm were to hit the Gulf Coast today

Erika spares Florida from hurricane damage

14:08, 01 September 2015
Tropical storm Erika approaching Hispaniola on August 28: the storm dissipated before reaching Florida

Storm dissipates before reaching the US

AJG appoints industry veteran non-executive

12:00, 01 September 2015
Arthur J Gallagher: the broker has appointed Sue Langley non-executive chairman

Sue Langley has held a number of senior positions across the insurance sector

US reinsurance underwriting income dips in second quarter

11:15, 01 September 2015
New York: the 18 RAA members saw their Q2 underwriting income fall nearly 10% but earnings were up 8.8%

Earned premiums were down 27% to $18.25bn

AGCS loses legal battle over power station payout

11:04, 01 September 2015
Walsum power station: AGCS will be liable for 32.5% of the insured damage related to the Walsum claim
Daniel Ullrich/Wikipedia

Insurer considering whether to appeal against ruling

Pool Re appoints non-executive chairman

10:52, 01 September 2015

Geoffrey Riddell brings more than 30 years of insurance industry experience to the role


Cyber: modelling cyber risk is in its infancy but growing demand is leading modelling firms to look at cyber catastrophe events

None of the major commercial risk model vendors has a model for cyber risks at present but the pressure to produce one over the next...


Will the last one to leave Lehman Brothers turn off the lights?
Unlike other crises, the 2007/08 global financial crisis did not have a concurrent catastrophe event
© 2015 Mark Lennihan/AP

A perfect storm


More Reratings


John Giralt joins specialist global insurer from XL Catlin


LMA survey released today shows differential terms are increasing in Lloyd's casualty reinsurance business


Qatar Financial Centre: Qatar Re will change its seat of incorporation from the QFC to Bermuda later this year

Company to establish branch office in Qatar

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