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What agencies look for at hedge fund reinsurers
SAC Re backer SAC Capital Advisors has been making front page headlines recently as former staff face insider trading prosecutions. The Wall Street Journal reported that the company has warned staff and partners that it could face client withdrawals of $1bn or more this year.
16 January 2013
SAC could face $1bn+ withdrawals
Steven Cohen's SAC Capital Advisors is being sued by investors in the pharmaceutical company Elan, who allege that the hedge fund engaged in illegal insider trading in the firm's options before clinical trial results were released...
16 January 2013
Run-off acquirers to look beyond traditional hunting grounds in 2013
Can the industry find sufficient M&A opportunities for the acquisitive companies that depend upon a pipeline of sales to maintain their business models?
16 January 2013
Marine factor will affect Sandy PCS total
The high proportion of marine claims from Hurricane Sandy means that Property Claim Services industry loss estimates for the disaster are unlikely to match the final claims tally...
16 January 2013
2013 sidecars roll off the production line
Property catastrophe pricing may have come in broadly flat at 1 January but the market for sidecar renewals and launches proved to be buoyant...
16 January 2013
Marine markets underwhelmed by $3bn IG renewal quote
The 20 February renewal of the mammoth reinsurance programme of the International Group of protection and indemnity clubs is facing a more tortuous and difficult process as support is solicited for leader's renewal terms...
16 January 2013
Thinktank warns 2013 'riskier' than 2012
In a gloomy start to the year, The World Economic Forum (WEF) highlighted the growing interconnectedness of risks to the global economy, and said the 2013 outlook was more risky than that for 2012
16 January 2013
US and EU step towards regulatory convergence
The US and the European Union have issued a report on the key overlaps and differences in their insurance supervision, in the first step in a five-year initiative for moving towards a more converged regulatory system
16 January 2013
Sandy aftermath is key NAIC priority
The newly elected president of the National Association of Insurance Commissioners (NAIC), Jim Donelon, said the aftermath of Hurricane Sandy will top his agenda for 2013
16 January 2013
RMS complicates European renewals (again)
The much-discussed Version 11 of RMS's European wind catastrophe model complicated the continent's property catastrophe reinsurance renewals again at 1 January, albeit without causing any obvious disruption to pricing...
16 January 2013
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