Reinsurance
Validus’ Noonan Slams Berkshire Sidecar, Says Cat Model Won’t Jolt US Re Prices
London market participants are competitive but disciplined, Validus Holdings' CEO said on Friday. But one pocket of "excessive competition" is coming from Berkshire Hathaway's Lloyd's sidecar—a ...
Florida Senate Approves Citizens Reform Bill; Path Ahead Remains Uncertain
Florida lawmakers have taken the first step towards reforming the state-backed property insurer, but not before significantly scaling back its impact on policyholders. Chances for final legislative ...SAC Gives Investors More Time To Pull Money Out
Hedge fund titan Steven A. Cohen is giving investors more time to withdraw their money from SAC Capital Advisor's funds, as his $15-billion firm faces continued federal scrutiny in an insider trading ...
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 ...