With 2011 seeing the debate of the use of nuclear power intensified after the failures at the Fukushima nuclear plant in the wake of the Japanese tsunami and earthquake, a new facility has been announced this week for the placing of nuclear risks.
Swiss Re’s Chief Economist has outlined the challenges the industry faces from the global economy as the reinsurer published its annual economic outlook.
After two years of negotiations, The Lloyd’s Market Association (LMA) has said it has ended over two years of negotiations and finally reached an agreement over the insurance of troops and equipment by the United Nations.
The hunt for energy reserves in ever more remote and hostile environments is putting pressure on the market alongside the lingering issues of further international regulations and challenging liability exposures.
The votes have been counted and the shortlisted firms have been announced for the reinsurance Awards and Charity evening to be staged in London next month.
The Chairman of the London Market Group (LMG) has said the year ahead has to be “one of delivery” as the market seeks to fend of the challenge of rival risk centres.
Two members of the Houston broking community have returned to Texas after a fortnight getting a truly hands on experience of how the Lloyd’s insurance market operates.
The London insurance market saw its premium levels increase in 2008 while the rest of the UK insurance market saw steep premium falls according to figures released this week.
The World Economic Forum today released Global Risks 2010, its annual report on the most significant and underlying global risks facing the global economy this year and beyond with a slump in energy investment is a serious worry.
First Reserve the parent group of global specialty insurer, Torus has announced it will bring together the underwriter with its other insurance investment vehicle Sideris Re.
Lloyd’s Franchise Performance Director Rolf Tolle has said it will be those reinsurers which resist the pressure to cut rates and ease terms and conditions which will prosper in the current and future market.
Reinsurer Swiss Re has successfully placed a new securitization programme for $75 million of US and UK extreme mortality risk in the fourth incarnation of its Vita programme.
A study by UK risk management association AIRMIC has found insurer security is still the biggest concern for its membership when it comes to choosing a risk carrier.
International Underwriting Association, Chairman Stephen Riley has issued a rallying call to the London market warning progress already made on market reform will mean nothing if the process of continual development falters.
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