Reinsurance

PartnerRe Ltd. and Greenlight Re reported drops in net income for the third quarter of this year while executives at both companies say they are beginning to see improvements in rates.

PartnerRe Ltd. and Greenlight Re reported drops in net income for the third quarter of this year while executives at both companies say they are beginning to see improvements in rates.

Through the first nine months of this year, insured catastrophe losses are close to rivaling the worst insured catastrophe year of 2005and the bulk of those losses can be traced back to events in Asia, according to a report from Guy Carpenter.

Officials in Thailand say insurance losses from months of flooding could cost insurers plenty, with some estimates running as high as $13 billion as floods reached industrial zones.

Officials in Thailand say insurance losses from months of flooding could cost insurers plenty, with some estimates running as high as $13 billion as floods reached industrial zones.

What is the scariest risk in an insurance brokers area of expertise? Insurance broker Willis Group Holdings on its WillisWire blog has listed the 21 scariest risks in the areas of expertise among its individual experts.