November 2009/1

Property Claims Service (PCS) finalised its onshore industry loss estimate for Hurricane Ike at $12.5bn in October, triggering a number of 2008 industry loss warranty (ILW) contracts and IFEX cat fut

The continued softening of property and casualty (P&C) (re)insurance rates has been pushed by updated earthquake and wind risk models, which have reduced loss estimates by up to 30 percent, according

Rating agency Moody's has formally withdrawn the debt ratings on Arch Capital’s property cat sidecar Flatiron Re, after its loans were repaid in full earlier this year. Moody's also withdrew Fl

Moody’s Investors Service has maintained the ratings for Bank of Ireland’s 2007 life ILS Avondale Securities with a stable outlook, after concluding a review for possible downgrade. The a

Ratings agency Moody’s has downgraded the $750mn of notes in life (re)insurer Genworth Financial’s River Lake III XXX securitisation – assigning a developing outlook to the notes an

Ratings agency Standard & Poor’s (S&P) has affirmed its credit ratings on the notes of Crystal Credit – Swiss Re’s EUR252mn credit reinsurance securitisation – despite a furth

Bermuda-domiciled (re)insurer AXIS Capital bemoaned longevity risk modelling as “unpredictable” and “inherently uncertain”, as it reported a $138mn fair value loss on a 2006 l