Reinsurance
Record Breaking Cat Bond Levels; Good News For Carriers
First-half tallies of 2013 catastrophe bond issues have been coming in from reinsurers and brokers in recent months, with all suggesting that 2013 could be a record year of issuance. Swiss Re, Munich ...
Fairfax Financial to Sell American Safety Reinsurance to Catalina
Fairfax Financial Holdings Ltd. agreed to sell a Bermuda-based reinsurance unit that's being acquired as part of a deal with American Safety Insurance Holdings Inc. to Catalina Holdings Bermuda Ltd. ...
Loeb’s Third Point Reinsurer Advances After $276 Million IPO
Third Point Reinsurance Ltd., which counts billionaire hedge-fund manager Daniel Loeb as a founding shareholder, advanced in its trading debut after raising $276 million in an initial public ...
Magnitude 6.6 Earthquake Strikes Central New Zealand
A magnitude 6.6 earthquake struck central New Zealand today, shaking the capital city Wellington and sending the nation's currency down almost half a U.S. cent. The country's stock exchange was ...
Opinion: The Reinsurance Market Needs More Distribution, Not Less
It is a well-known axiom that for free markets to exist, access must be unencumbered. The more players there are, the more efficient a market will be. Unfortunately for those of us in the reinsurance ...
Third Point Re Investors Betting on Loeb, Smart Underwriting
Investors in Third Point Reinsurance Ltd.'s initial public offering are betting on billionaire hedge fund manager Daniel Loeb. They're also taking on risk from an unprofitable underwriting operation. ...
Next Week Could Be Key for Atlantic Hurricane Season
The Atlantic hurricane season is about to enter its most active phase as conditions for the powerful storms improve across the basin. Wind shear that can tear budding storms apart has been ...
Hedging Systemic Risk in Casualty Reserves with Insurance-Linked Securities
Insurance-linked securities are often used to hedge an insurer's exposure to catastrophic property losses, but the casualty insurance market is just beginning to recognize the potential of ILS ...