Tag: reinsurance

Predicting Earthquake Insurance Payout in Japan

[ad name=”Google Adsense”] On 21 March, The Nikkei reported that the Japanese non-life insurance industry would made a loss estimate of 1 trillion yen (approx. 12.5 billion USD) for the total insured loss from the series of earthquake and tsunami.…

Energas Captive Insurance captured its A rating

Energas Insurance (Labuan) Limited (Energas), the Captive Insurer of Malaysian energy giant, Petronas National or PETRONAS was granted an “A” (excellent) financial strength rating from AM Best. A.M. Best Co. has assigned a financial strength rating of A (Excellent) and…

Punitive Damage Awards |Are these recoverable under Reinsurance Agreement?

What are punitive damage awards? In the context of this posting, punitive damages or what is usually termed as exemplary damages are damages intended to deter the defendant and others from engaging in conduct similar to that which formed the…

Stupidity from the past…. A perpetual-Permanent Loss of Licence QS with an asshole lady in front!

During today’s drinking session, my reinsurer friend lamented to me as to how stupid those practitioners (the insurer perspectives) from the past could have been, for having accepted a share of the Permanent Loss of Licence (LOL), and worst…… they…

The facultative reinsurance placement….. subjectivity that can be a pain for the undiscerned

It is not uncommon for (re)insurers to accept a share of any facultative placement by attaching their written share with some subjectivity…. You may want to call them “administrative booby-traps” – they are, factly depending on how those wordings were…

FM Global is now a Labuan Offshore Financial Services’ registered reinsurer!

FM Global

FM stands for Factory Mutual – basically FM is a mutual insurance company with headquarter in Johnston, R.I., US. Globally, FM is known as FM Global, to some, it’s FMG. I have came across the FM Global’s Industrial All Risks’…

More Capital or More Reinsurance?

CAPITAL and REINSURANCE, what to write for layman in a freestyle blogging competition? Insurance companies are risks carriers – they take the risks belonging to the Insureds into their books of business in exchange for a small token. The business…