May 2011/3
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The eternal debate between the scientific and the more humanist market worldviews was thrown into relief last week at our flagship InsiderScope conference in New York
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Expansive run-off acquirer and manager Catalina Holdings has confirmed its acquisition of Swiss-based run-off reinsurer Glacier Reinsurance AG.
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The long-running dispute between Goldman Sachs-backed Enstar and London-based Randall & Quilter (R&Q) finally ended last week.
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The American Insurance Association (AIA) says it is critical that reform legislation on the National Flood Insurance Program (NFIP) is passed, given the current flooding along the Mississippi river.
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Solvency II (SII) regulations could have a negative impact on the demand for corporate debt, according to a survey conducted by ratings agency Fitch.
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Captive insurers should start preparing for the worst-case scenario from the introduction of Solvency II and begin working to mitigate its likely effects, ratings agency AM Best has said.
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Florida's insurance bill is facing an 11th hour lobbying attempt to derail it before Governor Rick Scott signs it into law.
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US P&C insurers will find out this summer whether their fight to avoid additional regulation for companies deemed to be systemically risky financial institutions has been successful.
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The US Treasury has announced the creation of a Federal Advisory Committee on Insurance (FACI) as part of its post-financial crisis regulatory overhaul.
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Stalwart cat bond sponsor USAA has launched its latest Residential Re offering, seeking $200mn across three tranches of risk with two per-event and one aggregate.
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If tornado losses continue to stack up the ratings on two cat bonds could be affected, Standard & Poor's (S&P) has warned.
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The Johnston Re offer from the North Carolina wind pools was slightly upsized when it closed, Trading Risk understands.
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After a month of extreme tornado activity the US, cat-watch focus is now on flooding, as the Mississippi River rose near record levels set during the 1927 and 1937 floods.
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Modelling firm Eqecat says loss amplification from the Fukushima nuclear incident is the highest single contributor to its upgraded loss forecast for the Japanese earthquake.
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Sagicor falls to Q1 loss on Lloyd's cats; Allianz fails to shine; RSA posts Q1 growth
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Lloyd's stalwarts Amlin and Catlin surprised investors last week with interim management statements highlighting fast growth from their newly formed Swiss reinsurance operations.
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Japan loss estimates are likely to rise significantly in the coming weeks and months as Zenkyoren's loss notification makes itself felt, according to Stifel Nicolaus.
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The cost of insuring debt on leading reinsurers has begun to taper off after a small spike that followed the Japanese earthquake.
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A trio of US equities analysts has endorsed the now near unanimous view that reinsurers are achieving some rate increases, but were sceptical about the breadth and the length of this hard market.
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The cycle has reached a point where reserve releases are no longer masking poor underwriting results stemming from declining rates and rising claims, according to Stifel Nicolaus analysts.
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Arthur J Gallagher International has closed its long-running takeover of UK broker Heath Lambert, a move which will catapult the group into the top ten UK insurance brokers by revenue, leapfrogging fellow London-based peer Lockton.
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Aon founder Pat Ryan is sanguine about being treated differently by Lloyd's as he is poised to become the first broker to own a syndicate in almost 30 years.
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Despite the flurry of international and US catastrophe losses the industry is still awash with excess capital and those anticipating an imminent turn could be in for a long wait.
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Florida property catastrophe reinsurance rates are expected to increase by 10 to 15 percent at mid-year renewal, according to TigerRisk CEO Rod Fox.
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