January renewals showed signs of softening as reinsurers benefited from improved financial markets plus a lack of natural catastrophe claims in 2009. The three largest global reinsurance brokers – Aon Benfield, Guy Carpenter & Co. and Willis Re – said …
January renewals showed signs of softening as reinsurers benefited from improved financial markets plus a lack of natural catastrophe claims in 2009, according to the latest issue of BestWeek U.S./Canada. The three largest global reinsurance brokers — Aon Benfield, Guy …
The Association of Bermuda Insurers and Reinsurers (ABIR) has elected a new slate of officers for the 2010 and 2011 term. The bulletin said that, as of the beginning of the new year, “Michael Butt, Chairman of the Board of …
The world’s reinsurers gathered in Monte Carlo over the first weekend in September for their annual conclave. This year’s meetings were calm by comparison with prior years — no hurricanes ravaging Florida, and a financial crisis that’s eased, leaving the …
Eleven of the world’s biggest reinsurers will work to find common positions on tax, solvency, accounting and other rules and avoid being tarred with the same regulatory brush as banks, the group said late on Sunday. “The questions we face …
Reinsurers promised to stand firm on the prices they charge for covering big risks like hurricanes and plane crashes, even as the recession robs their insurance company customers of cash needed to pay for the service. Global reinsurers gathering for …
Global reinsurers are set to enjoy a moment in the sun as they gather in Monte Carlo this weekend, having come through the financial crisis singed rather than burned like their banking counterparts. But as top executives gather for their …
Now that the hurricane season is well underway, Louisianans remember when Katrina came ashore, late in August 2005, with a storm surge that eventually flooded New Orleans and leveled many Gulf Coast towns, costing more than 1,500 lives and causing …
Two years into the global financial crisis, global reinsurers’ performance to date could be counted as an achievement, given the state of the financial services industry and the economy, says A.M. Best. The reinsurance industry entered 2009 with sound underwriting …
For 2008, the U.S. reinsurers reported net premiums written of $26.4 billion, premiums earned of $25.9 billion, according to the Reinsurance Association of America’s “Reinsurance Underwriting Review: 2008 Industry Results.” The report includes industry aggregate data and summarizes underwriting experience, …
