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  • Property/casualty and specialist (re)insurer Torus has hired two senior figures from specialty managing general agency (MGA), analytics and modelling firm Sciemus, our sister title Inside FAC has learned.
  • Pietro Toffanello, General Reinsurance Corporation (Gen Re)'s regional manager for Property Facultative Europe Middle East and Africa, has been promoted to manager of P&C Treaty for the Asia Pacific region and managing director of Gen Re Australia
  • XL Group has hired three underwriters to its inland marine underwriting divisions in New York, Cleveland and Atlanta.
  • Bermudian cat specialist RenaissanceRe (RenRe) has been downgraded to underperform by equity analysts at Zacks Investment Research.
  • 2011 is ‘year of the tornado' for the US market
  • Reinsurers have been racked by Zenkyoren losses, but ultimately it has proved a false dawn for an event-driven market turn
  • Never in the field of reinsurance was so much paid to so few...
  • For the third year in a row one of the defining features of the 2011 loss experience has been the absence of a major US windstorm hit during the official Atlantic hurricane season
  • In yet another twist in the Omega takeover saga, recommended partial bidder Mark Byrne has indicated that he may not now be willing to pay the 73p-83p Dutch auction price range that he previously agreed to build a 25 percent stake in the firm
  • $90bn+ of catastrophe claims have tested (re)insurers, but if renewals for US commercial lines are anything to go by, reinsurers may yet benefit from increased rates