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Bermuda gets Solvency II equivalency approval
Bermuda's regulatory scheme for managing larger (re)insurers is broadly equivalent to Europe's forthcoming Solvency II regime, according to the European Insurance and Occupational Pensions Authority (Eiopa)
27 October 2011
(Re)insurers rebound on Eurozone deal
European (re)insurance stocks were a sea of green positive gains this morning (27 October) after European leaders released details of a plan to tackle the debt crisis overnight
27 October 2011
London market celebrates e-Accounts launch
The London market's enthusiasm for electronic trading has taken a step closer to transferring into reality, with news that a major modernisation project has gone live.
27 October 2011
Everest profit slides on loss creep and capital losses
Everest Re said its third quarter net profit dropped by nearly two thirds (64 percent) from a year ago to $63.1mn as loss creep on the Japanese and New Zealand earthquakes marred the firm's results
27 October 2011
WR Berkley stays in profit; suggests cycle change is ‘visible’
Specialist (re)insurer WR Berkley reported an 18 percent year-on-year slide in third quarter net income to $77mn as the company's founder argued that the low interest rate environment would push up rates
27 October 2011
Transatlantic profits halve on cats and merger costs
Transatlantic Holdings reported third quarter net profits that halved to $68mn as a result of catastrophe losses and costs associated with the termination of its proposed merger agreement with Allied World.
27 October 2011
Investment and cat losses drag Montpelier to Q3 loss
Bermudian reinsurer Montpelier Re has reported a net loss of $66mn for the third quarter that was dragged down by investment and foreign exchange losses, cat events and increased reinsurance spend.
27 October 2011
Frequency event protection emerges as key PCI theme
As delegates decamp from New Orleans today, several clear takeaway themes have emerged from the PCI annual meeting that will influence buying and selling of property cat reinsurance at the key 1.1 renewal.
26 October 2011
Baden Baden: Reinsurance buyers slow to adopt RMS V11
Brokers pushing for a delay in implementation of RMS Version 11 for European windstorm losses appear to be winning the debate, with most market participants opting to use Version 10 for the 1 January renewals
26 October 2011
AIR puts Turkish damage at up to $170mn
Catastrophe modelling firm AIR Worldwide estimates that insured losses from the magnitude 7.2 earthquake that struck eastern Turkey on 23 October will be between $55mn and $170mn
26 October 2011
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