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Bermuda set fair for changing winds at 1.1
Bermudian (re)insurers are well-placed to take advantage of a challenging but potentially rewarding renewal season, according to AM Best.
12 December 2011
Swiss Re best placed European to cash in on hard market
Among the quartet of major Continental European reinsurers, Swiss Re is the best placed to capitalise on current market conditions, according to analysts at UBS.
12 December 2011
Cyber risk and data privacy market set for strong 2012 growth
The fast growing US market for cyber risk and data privacy insurance products is expected to continue to expand in 2012 as a combination of increased regulation and high-profile incidents drives demand for cover.
12 December 2011
Reinsurers’ capital up 1 percent to $450bn in Q3
Reinsurance capital continued to recover in the third quarter but still lags behind the level it started the year with as a result of the heavy toll of cat losses and lacklustre investment returns.
12 December 2011
Munich Re’s modest Thai estimate provides little clarity on overall reinsurance loss
The industry's largest reinsurer Munich Re has disclosed that it expects to incur only EUR500mn ($670mn) of net claims for the flooding in Thailand.
12 December 2011
Markel in $170mn programme administrator deal
US insurer Markel Corp revealed last week that it has agreed to buy Thomco, a privately held programme administrator that will write over $170mn in gross premiums this year.
12 December 2011
Travelers adds to US market turn talk
US P&C giant Travelers revealed last week that it registered renewal rate increases of 5.8 percent on its business insurance accounts in November, as the improvement in the US rating environment intensified in the fourth quarter.
12 December 2011
Omega deal prospects cool as Byrne heads for the slopes
A deal between Omega and Haverford chairman Mark Byrne has become still less likely after Byrne went on holiday last week a fortnight before the Christmas break, The Insurance Insider revealed.
12 December 2011
Lloyd’s targets growth in £20bn UK commercial market
Lloyd's will try to return to growth in the UK commercial insurance market in 2012 after five years of stagnation, according to UK and Ireland regional manager Keith Stern.
12 December 2011
Apollo expands into marine with Le Mare hire
Flagstone-managed Apollo Syndicate has signalled its intention to diversify into the marine market by luring across Chaucer's senior cargo and specie underwriter Simon Le Mare, The Insurance Insider can reveal.
12 December 2011
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