Reinsurance
Upcoming Cat Model Change, Capital Markets Pressuring Prop-Cat Rates, Execs Say
As first-quarter earnings reports started trickling in from property/casualty insurers and reinsurers carriers last week, two executives confirmed that property-catastrophe pricing is coming under ...
Back-To-Back Drought Years Statistically Likely, Platinum CEO Says
When Platinum Underwriters Holdings, Ltd. reported a 6.2 percent drop in first-quarter net premiums last week, CEO Michael Price attributed a small part of the drop to an intentional cut in the ...PartnerRe Announces More Internal Restructuring; 140 Positions Cut
On Wednesday, PartnerRe Ltd. announced the restructuring of its business support operations into a single integrated worldwide support platform. The reinsurer said the new organizational structure ...PartnerRe Restructuring Global Non-Life Ops
PartnerRe Ltd. announced that it will split its Global Non-Life Operations into two separate units—one dedicated to mature markets and the other to high-growth markets. Both teams will report ...
Recent Earthquakes Largely Uninsured: Guy Carpenter
Guy Carpenter has compiled information on six recent large earthquakes revealing that for three of the six, insurance covered less than one-quarter of the economic cost. The conclusion is supported ...Aspen Re Appoints Tobben To Head New Capital Markets Division
Aspen Reinsurance, the reinsurance segment of Aspen Insurance Holdings Limited announced the formation of a new division, Aspen Capital Markets, along with the appointment of Brian Tobben as managing ...ACE Establishes Special Purpose Vehicle, Altair Re
ACE Limited announced Monday that it has established a $95 million special purpose vehicle, Altair Re, to provide additional collateralized capacity for its global reinsurance business. The capital ...
Changing Reinsurance Market Conditions Favor Mutual Insurers: Willis Re
Mutual insurers are in a prime position to capitalize on changes in the traditional reinsurance market, according to Willis Re, the reinsurance broking arm of Willis Group Holdings. The recent 1st ...