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TigerRisk still eyeing London
Expansive US reinsurance broker TigerRisk is "looking at various options" in London as it seeks to grow its business there, according to co-founder and industry veteran Rod Fox.
20 September 2010
Global Reinsurance Forum claims successes in its first year
The Global Reinsurance Forum (GRF), formed in September 2009 as the trade body for the world's largest reinsurers, has claimed some early successes as it celebrated its first anniversary at last week's Monte Carlo Rendez-Vous.
20 September 2010
Monte Carlo: Investors hear ‘soggy’ pricing theme
One recent tradition at Monte Carlo is the convoy of investors and equity analysts that join underwriters and brokers for Rendez-Vous week.
20 September 2010
Reinsurance rates set to continue falling in 2011
In their pre-Monte Carlo Rendez-Vous "state of the markets" reports, Guy Carpenter and Aon Benfield agreed that most rates look set to continue falling in 2011.
20 September 2010
Monte Carlo: Resilience in face of financial crisis creates capacity glut
The reinsurance industry's resilience in weathering the financial crisis has produced a glut of capacity, all four major ratings agencies have warned.
20 September 2010
Fairfax acquires 40% Gulf Insurance stake
Fairfax Financial Holdings has agreed to pay $209mn for a 39.2 percent stake in Kuwait-headquartered carrier Gulf Insurance.
20 September 2010
‘Faites vos jeux!’
The relatively quiet week following the exertions of the Monte Carlo Rendez-Vous is usually an excellent time to reflect on the state of the market.
20 September 2010
Buffett and Woodford at odds on double-dip prospects
Two very different insurance investors gave pronouncements on the general economic outlook last week - with one markedly bullish and the other bearish on the prospects of a sustained recovery.
20 September 2010
Reserve releases spell danger for US insurers, warns AM Best
AM Best has warned that if the US property and casualty (P&C) industry continues reserve releases into 2011 it will pose a danger to underlying reserve adequacy.
20 September 2010
Monte Carlo: New offshore energy proposals meet ‘scepticism’
Ambitious new proposals to boost oil rig capacity were one of the main talking points from this year's Monte Carlo Rendez-Vous
20 September 2010
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