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Aon Benfield Says Q1 Cat Losses Expected to Raise Facultative Rates

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp, has released the latest edition of its “Fac Quarterly report,” which provides an analysis of trends witnessed in the facultative reinsurance market during the first quarter of 2011. …

Aon Benfield Estimates Reinsurers’ Capital at $470 Billion

The latest edition of the Aon Benfield Aggregate (ABA) report, which analyses the year end 2010 financial position of the world’s leading reinsurers and examines how 2011 catastrophe losses may affect their capital positions, estimates that “total Global Reinsurer Capital …

Willis Report Warns of Potential Political Violence Coverage Gaps

Companies operating in politically volatile regions of the world may soon find they are “unable to retain sufficient insurance coverage to protect their assets and staff,” according to a new report by global insurance broker, Willis Group. The report also …

Q1 Pirate Attacks ‘Hit All-time High’ IMB Reports

Piracy at sea hit an all-time high in the first three months of 2011, with 142 attacks worldwide, the International Chamber of Commerce (ICC) International Maritime Bureau’s (IMB) global piracy report revealed. The IMB said the “sharp rise was driven …

Willis Re: Japan Quake Not Enough to Turn Soft Market

A report from Willis Re, the reinsurance brokerage arm of Willis Group Holdings, notes that “relatively orderly price movements at the April 1 Japanese reinsurance renewals reveal that the Tohoku Earthquake is not the catalyst that will bring about a …

Alliant Issues New Report on Insurable Risks in 175 Countries

The Markets Group of Alliant Insurance Services has compiled a comprehensive report – the 2011 Global Macro Risk Ratings – which examines the the insurable political and economic risks in 175 countries. Alliant noted that the report comprises “some 1,300 …

Best Report Notes Growth in Panama Insurance Market

A new report from A.M. Best notes that Panama’s insurance market is the largest in Central America, and is expected to continue to produce significant premium growth in the next few years. Best noted that the “expansion of the Panama …

S&P: EU Ruling on Gender Discrimination Likely to Have a ‘Neutral’ Effect

Standard & Poor’s Ratings Services has issued a bulletin analyzing last week’s European Court Of Justice ruling that prohibits gender-based discrimination in the calculation of insurance premiums and benefits. S&P said it is “likely to have a neutral effect on …

Best’s Special Report Analyzes EU’s Solvency II Impact on Ratings

A report from A.M. Best Co. provides a timely analysis of the fast approaching implementation of the European Commission’s long-awaited Solvency II insurance regulations, which are now scheduled to come into force as of for January 1, 2013. Best noted …

Aon Benfield’s Cat Report Highlights NZ Quake, Cyclone Yasi

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., has released the latest edition of its Monthly Cat Recap report, which reviews the natural disaster perils that occurred worldwide during February. The report, published by Impact Forecasting, …