View the video here on your mobile device. Jamie Miller: Swiss Re, first of all, as a company is 150 years old. Clearly established as a re-insurer globally for many, many years . . . very strong, capable balance sheet. The North American part of it has its roots back in the IRI, the old CIRI, [...]
View the video here on your mobile device. For the fourth consecutive year, A.M. Best Co. is maintaining a stable outlook for the global non-life reinsurance industry. The current outlook implies that the majority of 2010 reinsurer rating actions are likely to be affirmations, with only a modest number of anticipated rating or outlook changes. [...]
View the video here on your mobile device. Swiss Reinsurance reported a fourth-quarter net profit of 403 million Swiss francs, equivalent to about $373.4 million and a far cry from the 1.75-billion- franc or $1.6 billion loss it suffered on the back of bad investments in the year-earlier period. Swiss Re said earnings per share [...]
View the video here on your mobile device. British Columbia’s Financial Institutions Commission has made legislative changes that affect the regulation of insurance business in the province. The Commission said that with recent changes made under Part XIII of the federal Insurance Companies Act, new risks affecting the public have emerged. The Commission has issued [...]
View the video here on your mobile device. With an event that is expected to feature almost 7,000 participants from more than 120 countries, along with thousands of members of the media and even more visitors, having insurance coverage seems like a safe bet. The XXI Olympic Winter Games in Vancouver are said to be [...]
View the video here on your mobile device. Jamaica is partnering with the World Bank to develop a weather insurance program to protect its high-end Blue Mountain coffee bean industry. The study aims to create a risk-modeling program to assess disaster potential from tropical storms and design a plan for payouts to insured farmers. Agriculture [...]
View the video here on your mobile device. Last year saw the most active fourth quarter ever for catastrophe bond issuance, reaching almost $1.1 billion in total volume, eclipsing the previous best fourth quarter by over 75 percent. Risk Management Solutions announced it conducted the expert risk analysis for as much as 70 percent of [...]
View the video here on your mobile device. An appeals court has upheld an arbitration award requiring American International Group’s U.S. Life Insurance Company unit to pay more than $517 million in reinsurance to certain California workers’ compensation insurers in liquidation. U.S. Life was a reinsurer for five California workers’ compensation insurance companies liquidated in [...]
View the video here on your mobile device. Reinsurance rates across most lines of property catastrophe business declined at the January 1, 2010 renewal, according to a briefing released by Guy Carpenter & Company. The report shows Guy Carpenter’s World Catastrophe Rate on Line – or ROL – Index declining by six percent at [...]
