News

Swiss Re reports loss, expects big price rises

By morana | November 14, 2017

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

By morana | October 25, 2017

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

By morana | May 16, 2017

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

By morana | October 14, 2016

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

By morana | October 10, 2016

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

By morana | September 11, 2016

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

By morana | May 20, 2016

  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

By morana | May 20, 2016

  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

By morana | March 26, 2016

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