Lloyd’s 2008 Results — Resilience in a Tough Market: Lloyd’s of London (”Lloyd’s”) competitive position strengthened in 2008, largely because of effective risk management oversight and relatively conservative investment allocation.
Florida Insurance Roundup: May 4 — May 10, 2009: This week’s topics include:
- Crist Likely to Pass Property Insurance Bill (HB 1495) Including Citizens Rate Increase, Possibly Veto Deregulation
- Citizens Board Met to Discuss Riensurance and TICL Purchases
- Raymond James to Present Updated FHCF Bonding Capacity Estimates
Casualty Cat Part V: Case Study: Consider hypothetical commercial property construction and development company “X,” which has several high-profile commercial office projects around the world.
Global Reinsurers Shareholders’ Funds up 4.9% (Interim): Guy Carpenter Global Reinsurance Composite aggregate shareholders’ funds are up 4.9 percent for the first quarter of 2009 — relative to the full-year results for 2008, with nearly two-thirds of the companies in the composite reporting. All companies but one saw increases this quarter, with a median gain of 2.1 percent.
CAT-i Update: Wildfire in Santa Barbara, California: A wildfire fire fanned by record temperatures and strong winds has forced thousands of people to evacuate their homes in Southern California this week. According to California’s Department of Forestry and Fire, the Jesusita Fire started on May 5, 2009 and has burned more than 2,700 acres (4 square miles) so far.
Most Popular Keyword: Casualty Cat
And, you may have missed …
Workers Comp Rate Trends Call for Discipline and Reveal Opportunities: January 1, 2009 reinsurance renewal rates for workers compensation stabilized after steady annual decreases since 2002. While this certainly compares favorably with other lines of reinsurance, key underlying components of workers compensation insurance are not cooperating.
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