Swiss Re reports loss, expects big price rises

A rise in insurance premiums, especially in areas affected by recent hurricanes and disasters, will help Swiss Re Ltd. recover from almost half a billion dollars of losses in the first nine months of this year, it said on Thursday. “We expect those program that have been hit by losses to clearly respond in a significant fashion,” Chief Financial Officer …

The Market Terms

Looking at the recent storms and Lloyd’s data, I see that (re)insurers are now facing a very changed market. The combination of market opinion and modelling agencies are suggesting that global market will suffer an aggregate insured loss of between $100bn and $125bn over recent hurricane events. This compares to an unindexed insured loss of $41bn for Katrina in 2005. …

Vendée Globe 2017 event of the year

CEO Richard Henry meets up with his client Alex Thomson, whose team is sponsored by HUGO BOSS and Mercedes-Benz, at the Vendee Globe 2017 event of the year. Alex Thomson shared that he still hopes to be the first Brit to win the Vendee Globe. His crazy duel with Armel Le Cléac’h was one of the highlights of the eighth Vendée …

Keith Wood at Lloyd’s under Lutine Bell with Our CEO Richard Henry

Our CEO Richard Henry recently met up with Irish rugby legend Keith Wood at Lloyd’s under the Lutine Bell (https://www.lloyds.com/lloyds/about-us/history/catastrophes-and-claims/hms-lutine). Wood played for Munster and Harlequins during an illustrious playing career that saw the hooker amass 58 caps for his country as well as starring on the 1997 and 2001 Lions tours. The former Ireland captain has recently been appointed …

Broker facilities: Noonan slams Lloyd’s and PRA for inaction

UK regulators must intervene over the practice of broker facilities before US authorities take action and potentially create “Spitzer Mark II’, Validus chairman and chief executive, Ed Noonan, has warned. In an exclusive interview with Insurance Day, Noonan warned broker faciltiies are making Lloyd’s a less attractive place to do business, with some US wholesale brokers now actively trying to …

CEO attends America’s Cup World Series Event in Toulon

Richard Henry our Chief Executive Officer attended the America’s Cup World Series Event in Toulon this September (2016). Here he is pictured with Dan Carter. Dan Carter is a New Zealand rugby union player. He currently plays for Racing 92 in France’s Top 14, and he played for New Zealand’s national team, the All Blacks. He is the highest point …

ORACLE TEAM USA takes second in New York

  Source: http://oracle-team-usa.americascup.com/en/press-release/643_ORACLE-TEAM-USA-takes-second-in-New-York ORACLE TEAM USA Newsletter ORACLE TEAM USA finished second at the Louis Vuitton America’s Cup World Series New York and returned to the podium. Skipper Jimmy Spithill and crew tackled shifty conditions to close the weekend with 50 points after three races on Super Sunday, two points behind event winner Emirates Team New Zealand. ORACLE TEAM USA …

Lindsey Vonn Flying on Foils with ORACLE TEAM USA

  ORACLE TEAM USA Newsletter Source: http://oracle-team-usa.americascup.com/en/press-release/641_Lindsey-Vonn-Flying-on-Foils-with-ORACLE-TEAM-USA Skiing superstar Lindsey Vonn (USA) joined America´s Cup champion Oracle Team USA on board their foiling AC45 catamaran on Thursday afternoon in New York during the final training session for the 2nd stop of the Louis Vuitton America´s Cup World Series 2016. Invited by Oracle Team USA skipper Jimmy Spithill (AUS), the legendary …

Two Credit Information Resources You Should Look At

In the industries that we operate in, having the most up-to-date, objective opinions about an insurer’s, issuer’s, or financial obligation’s relative creditworthiness is critically important. These two websites are vital if you are to maxmize your ability to make the optimum decision for you or your company.   The links are located just below.   https://www.fitchratings.com/   http://www3.ambest.com/ratings/default.asp

Injured Crew Gets $1.46 Million Settlement

Published on January 15th, 2016 Providence, RI (January 15, 2016) – A federal judge has awarded a professional sailor from Newport $1.46 million for injuries he suffered disembarking a racing yacht in the Caribbean. U.S. District Court Judge John J. McConnell Jr. on Thursday (Jan 14) found that Moneypenny Holdings LLC, the Delaware corporation that owns the TP52 Vesper, was …