October 2012/5

Reinsurers are set to benefit from Florida's Citizens Property Insurance Corporation's aggressive strategy of depopulating its swollen personal lines account (PLA)

Scor and Swiss Re have more than doubled the target size of their latest cat bonds, taking the total issuance currently being marketed to capital markets investors to more than $500mn, The Insurance Insider can reveal.

Several of this year's start-up reinsurers are among the new names on the first part of the California Earthquake Authority (CEA)'s 2013 reinsurance programme.

Lloyd's has spotted potential for developing political risk and crop insurance in the growing South African insurance market, which already accounts for over half of Africa's non-life gross premiums

Insurers are likely to bear the brunt of losses from Hurricane Sandy, which is on course to be the second landfalling hurricane in the north-east US in two years

2012 broker M&A transaction tracker

As the so-called de-pop drive continues, a number of start-ups are entering the Florida homeowners' market

Third Point Re and Platinum Holdings have completed an innovative reinsurance transaction that provides a guaranteed investment return for the listed Bermudian carrier Platinum

Weekly share price movements and key data on The Insurance Insider's universe of P&C (re)insurers and brokers

Jeff Consolino, Validus' highly regarded CFO and strategic mastermind, is to leave the expansive Bermudian reinsurer for American Financial Group

Aon Benfield revenues up in third quarter; PCI welcomes...; Meadowbrook rating threat; Transformation Re; Hiscox syndicate profit; P&C on the rise at Axa...

The reinsurance industry's over-reliance on third-party vendor models to price catastrophe risk could create similar issues to those experienced by the asset-backed securities market during the financial crisis, Validus Re CEO Kean Driscoll warned last week.