Reinsurance
Florida’s Hurricane Cat Bonds Enjoy Robust Boom
In 2008, Florida's government-run property insurer paid Warren Buffett $224 million to agree to buy its debt if a major storm struck. Six hurricane-free years later, the state is turning investors ...
Allied World Gains Australian Beachhead
Switzerland's Allied World Assurance Company Holdings, AG is continuing its expansion in the Asia Pacific region with the launch of a new office in Australia. Allied World said in a press release ...
Standard & Poor’s Sees a Stable Global Market, Save For Reinsurance
As of mid-2014, worldwide pricing is softening in the reinsurance sector. At the same time, however, conditions have stabilized and even improved for most global insurers, Standard & Poors ...
Simpson Exits JLT Towers Re for Guy Carp, Bringing Rating Agency Expertise
Two days after JLT Towers Re announced that David Flandro was joining the firm from a prior position at Guy Carpenter, Guy Carpenter announced that it snagged two executives from JLT Tower Re—Eric ...
Primary Rates Pressured as Competitors Price In Lower Re Costs, Zurich’s Kerner Says
A slide in reinsurance rates under competition from catastrophe bonds is starting to weigh on prices that companies like Zurich Insurance Group AG charge their own customers. The decline in the cost ...
Pension Fund Stake in Reinsurance Could Soar to $900B, New JLT Re Exec Flandro Says
JLT Towers Re announced the appointment of David Flandro, a former Guy Carpenter executive, as Global Head of Strategic Advisory on Tuesday—days after he gave a talk on the value of buying ...
Munich Re Plans IT-Based Coverage For Unanticipated Construction Costs
Munich Re will work with a German specialty software giant to develop what it bills as the first global IT-based insurance product for large construction projects to handle unplanned expenses. A ...
RAA Results: Q1 Premiums, Combined Ratios Nearly Unchanged for Group
The Reinsurance Association of America's latest quarterly survey of statutory underwriting results for U.S. property/casualty reinsurers reveals that first-quarter 2014 net written premiums came in ...