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Munich Re takes aim at Solvency II ‘moving target’
Inevitably, one of the sub-themes at Baden-Baden was the further delay to the implementation of the proposed European capital regime Solvency II.
29 October 2012
Allied World settles Southwest dispute
Allied World has settled its dispute with wholesale broker Southwest Risk over two US commercial property placements that soured, according to a statement from the broker
29 October 2012
ICAT 2013 reinsurance plan reveals new aggregate cover demand
Specialist cat writer ICAT is restructuring its reinsurance programme in a move that demonstrates the changes in buying habits in response to Solvency II, as well as the appetite of collateralised capacity and model changes
29 October 2012
Bolt: casualty soft cycle yet to hit bottom
European and international casualty will be one of the main battleground classes for the Lloyd's market at the upcoming 1 January renewals, according to director of performance management Tom Bolt.
29 October 2012
Baden-Baden reinsurers maintain party line on rates
Low interest rates will keep reinsurance prices stable in 2013, claimed European reinsurers. Brokers are publicly cautious, privately sceptical
29 October 2012
Transatlantic tunes
This week sees the passing of the renewals baton from Europe across the Atlantic to the west coast of the US
29 October 2012
Lost investment income ‘worse than Katrina’
As (re)insurers report their third quarter results, the prevalent themes include the absence of the large catastrophe losses that marred last year's results and the continuing strong improvements in US commercial rates.
29 October 2012
Market bullish as strong Q3 results continue
Any fears that the US P&C rate increases seen in the first half of 2012 were slowing down have been scotched by strong results from (re)insurers, as a light cat season and reserve releases have more than offset sluggish investment returns.
29 October 2012
AIG consolidates per risk treaties into $1.5bn programme
The resurgent American International Group (AIG) is undertaking a significant consolidation of its property per risk reinsurance by buying a single $1.5bn global treaty, further demonstrating the trend of major insurers streamlining their own risk transfer
29 October 2012
New York braces for Sandy hit
The north-eastern US is on hurricane standby as Sandy heads towards the coastline, drawing comparisons with Hurricane Irene one year after that storm caused $4.3bn in insured losses
29 October 2012
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