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Hannover Re and Scor show retro value
The experience of continental reinsurers Hannover Re and Scor in 2011 highlights the value of retro as a product, but also the challenge of renewing cover in a tighter post-loss market
07 December 2011
US reinsurers slide to $2.2bn underwriting loss
Only four out of 19 US reinsurers escaped an underwriting loss in the first nine months of 2011, as combined ratios were battered in a period dominated by the frequency and severity of catastrophe losses
07 December 2011
US mid-year increases to continue in 2012
Despite the lack of firm orders, the 5-15 percent price increases broadly agreed to have been present at midyear are likely to be matched at 1 January
07 December 2011
Aon Benfield in key US account wins
Aon Benfield's contrarian stance on US cat rates may have been rewarded in the form of a flurry of US account wins
07 December 2011
Flagstone process unlikely to start in earnest until New Year
Despite a first-quarter sale being targeted, the auction process for Flagstone syndicates 1861 and 1969 is unlikely to come to life until the New Year, The Insurance Insider understands
07 December 2011
Tower and Arig made Hardy approaches
US P&C insurer Tower Group and Bahrain-based carrier Arig have made "preliminary expressions of interest" about acquiring flood-struck Lloyd's (re)insurer Hardy, The Insurance Insider can reveal
07 December 2011
Reinsurers have ‘reacted responsibly’
Despite the prospect of a late renewal described as the most difficult since 2006, reinsurers so far appear to have learned lessons from the market dislocation that occurred in the aftermath of Katrina
07 December 2011
Buyers seek sideways cover, but price obstacle remains
Reinsurers are actively quoting aggregate covers for clients looking to protect against a recurrence of the frequency losses that have dominated 2011, but it remains to be seen whether the gap on pricing expectations will be bridged
07 December 2011
Omega-Byrne deal on a knife-edge
There is little realistic prospect of a deal being concluded between Omega and Haverford chairman Mark Byrne to buy a 25 percent stake in the Lloyd's (re)insurer.
07 December 2011
Mariah marks third cat bond wipe-out of 2011
American Family Mutual stands to pick up a $200mn payout from the cat bond market after its second Mariah Re bond was put on its way to being declared a total loss
07 December 2011
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