Lloyd's of London News – Page 109
-
Online only
Former Brit boss in catastrophe futures move
Deutsche Bank to trade event-linked futures on Chicago climate exchange
-
News
Benfield shares fall as profits fail to hit target
Shares in Benfield Group fell sharply this week following the release of interim results that failed to meet analysts’ expectations. But the group’s new primary broking operation saw its trading losses halve on the back of business gains. Benfield’s share price plunged over 10% to ...
-
News
Zurich puts flood claims bill at £325m
?Zurich Financial Services Group revealed this week that it expected aggregate claims payments of up to $260m (£128m) in relation to the July floods. The news brings the insurance giant’s total aggregate claims from the summer floods to $660m (£325m). Last month it predicted that claims from the ...
-
News
DNA technology could end frivolous health claims
A new DNA technology, developed by a team of doctors in the US, could totally eliminate frivolous lawsuits against the insurance industry, it has been claimed.The genomics-based technology, developed over two and a half years by the University of Illinois’ College of Medicine, can determine how human cells and their ...
-
News
Industry backs ABI's climate change initiative
The ABI is launching a major industry initiative today to combat climate change on a global scale with the backing of all the major insurers. Insurers, including AXA, Aviva, Royal & SunAlliance and Lloyd’s, have signed up to the initiative which sets tough targets relating to climate change. An ...
-
News
Monte Carlo: reinsurance rates face 15% drop at renewals
Reinsurance rates are set to tumble further in the 1 January renewal season, senior executives predicted this week.Further consolidation was also predicted in the coming year. Senior reinsurance figures said this week at the annual reinsurance Rendezvous in Monte Carlo that competition and excess capital could push prices down by ...
-
Online onlySwiss Re rating looks good and stable
S&P gives Swiss Re AA- rating pending transfer of assets
-
Online onlyThe terrorism challenge
Businesses cannot be complacent over the terrorist threat warns Aon
-
Online only
Zurich expect $260m flood claims
Zurich Financial Services said it expects $260m in claims payments related to the UK flooding in July 2007
-
Online onlyReinsurance outlook is stable
The outlook for the global reinsurance sector remains stable supported by robust balance sheets of reinsurers, finds Andrew Holt
-
NewsTerrorRisk launched
Terror tool will enable insurers to conduct planning through specific terrorism risk exposure
-
News
Cooper nets CRS terror teams
Cooper Gay Group has acquired the reinsurance and terrorism broking teams of CRS Group. The teams transferred to Cooper Gay’s Lloyd’s broker, Cooper Gay & Co, on 1 September. It is the first major acquisition made by the group since SC Insurance and Risk Services, a subsidiary of Portuguese corporation ...
-
News
Felix losses to be less than £200m
?Hurricane Felix is expected to cause no more than £200m worth of insured losses, experts have predicted. The US National Hurricane Centre, which has been tracking Felix, said it was heading north towards Texas.But it had since veered slightly south and was expected to strike Honduras, Nicaragua, Belize and then ...
-
News
Brit cautious after half year profit rise
Brit Insurance Holdings has warned its second half year profits are likely to take a hit, despite announcing strong first half results.The company reported strong overall profits and underwriting performance with its gross written premium (GWP) up 4.6% to £727m. First half pre-tax profit rose to £106.8m, up from ...
-
Online onlyMoody's upbeat despite catastrophes
Ratings agency says that European insurers are still enjoying ratings stability and good results in the face of pressures
-
Online only
Cat 5 storm threatens Mexico
Hurricane Felix has intensified into a category 5 hurricane, with wind speeds up to 155mph
