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DANIEL HAYS AND MARK E. RUQUET
DANIEL HAYS AND MARK E. RUQUET
Articles by DANIEL HAYS AND MARK E. RUQUET
Oil Spill Costing Hannover Re $53 Million; Coast Guard Burn Begins
April 30, 2010
The sinking of the Deepwater Horizon drill rig in the Gulf of Mexico will create a $52.8 million (€40 million) loss for German reinsurer Hannover Re, the firm said last week....
Insurance Pricing Still Soft, With No Rebound Until 2011
April 26, 2010
Property and casualty insurance rates won’t begin to significantly firm up before 2011, according to the most recent industry forecast from Conning Research & Consulting......
N.Y. Agent Group To Sue Over New State Comp Disclosure Regs
February 15, 2010
A New York independent agent’s association said last week that it plans to make good on a prior threat to file a lawsuit to block Empire State regulators from implementing new producer disclosure compensation rules....
Haiti Quake Loss Virtually Uninsured, But Industry Rallies To Raise Relief Funds
January 25, 2010
The initial magnitude 7.0 earthquake that caused catastrophic death and destruction in Haiti on Jan. 12 was virtually uninsured, although the insurance industry quickly rallied last week to help raise relief funds for the devastated nation....
AIG’s Reserve Adequacy Challenged By Analyst Citing $11 Billion Deficiency
December 07, 2009
News about AIG broke fast and furiously last week, with questions raised about its reserve adequacy, deals closed to reduce its government debt, and an announcement that it had buried the hatchet with former CEO Maurice Greenberg. ...
Former CEO Of Gen Re Subsidiary Banned By FSA; Monrad Sentenced
April 13, 2009
The UK Financial Services Authority announced last week that a tribunal upheld its decision prohibiting the former chief executive at a General Reinsurance Group unit from working in financial services....
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