November 2011/1

Non-US reinsurers could be eligible for reduced collateral requirements under new laws unveiled by the National Association of Insurance Commissioners

Soros withdraws from cat reinsurance; $713mn Horizon payout; TMR Best; $226bn cost; Buffett's modest creep; AIG payback; SeaBright cuts back...

Investors in the top-lying tranche of the Mariah Re tornado cat bonds have lost more than 10 percent of their capital after a total loss on the lower-lying bond

Collateralised reinsurers have significantly increased their participation on the giant California Earthquake Authority (CEA) 2012 reinsurance programme

Oxygen closes for business and sells Robertson Taylor; Aon Benfield wins Lloyds Bank; £4bn RBSI back in favour; Price is right; David out, Davide in; Howden energy...

A $125mn Residential Re offering from USAA and a $275mn Compass Re issuance from Chartis are poised to hit the market

A trio of new cat bonds closed above their target, taking new issuance to $410mn at the beginning of Q4 and passing the $3bn mark for the year to date

Lloyd's largest insurer intends to form a Special Purpose Syndicate (SPS) to offer flexible whole account quota share reinsurance to its flagship Syndicate 2003

Reinsured losses from Tokio and Mitsui may reach $4bn alone as fears grow of $10bn top-end insured loss

Zenkyoren will formally disclose to its 80+ reinsurers this month that its loss notification from the Great Tohoku quake is rising from 635bn yen ($8.4bn) to 790bn yen ($10.4bn)

Why this confused and difficult market is giving talented underwriters more space than usual in which to differentiate themselves

After the cats, regional insurers and mutuals seek 2012 QS support