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January 2013/4

  • AM Best has affirmed the ratings of (re)insurance giants Swiss Re and AIG.
  • Queensland floods top A$43mn; Eiopa to test long term guarantees; Tempo moves to reinsurance beat; Third Point affirmed; Bermuda brushes off Sandy; AmTrust fells Sequoia...
  • Standard & Poor's (S&P) has removed Generali from negative credit watch and backed new CEO Mario Greco's plans to strengthen the Trieste-headquartered insurer's balance sheet.
  • Fund manager Nephila Capital had been seeking a valuation of around 10 times its earnings in a formal sales process that concluded last week after it struck a deal with the legendary buy-out firm KKR.
  • Solvency should be a relatively simple matter.
  • With a slew of Q4 financials due this week the prognosis from the first US P&C sector reporters is of an industry in rude health that will continue to show strong performance in 2013 as positive momentum for US commercial P&C pricing continues.