Industry News
Fitch Sees Alternative Capital Fueling Reinsurance Mergers
Mergers and acquisitions in the reinsurance industry may rise in coming years because of higher valuations and the inflow of alternative capital, according to Fitch Ratings Ltd. The consolidation ...
Allstate CEO Dismisses GEICO Threat in Race for Auto Insurance Market Share
Allstate Corp. Chief Executive Officer Tom Wilson, whose company lost car-insurance market share in the last three years, said competitor GEICO could struggle to expand sales as it seeks to sell more ...
Third Point Re’s Underwriting Model to Top Greenlight’s, Advises JPMorgan
Dan Loeb's Third Point Reinsurance Ltd., which had a public offering last month, will probably produce better underwriting results than David Einhorn's Greenlight Capital Re Ltd., JPMorgan Chase ...
Hurricane Season 2013 Unusual, Says RMS; Humberto Expected to Miss U.S.
This is the first season in 11 years not to have produced a landfalling hurricane by August, RMS said on Monday morning in a hurricane fact sheet released to the media. The statement noted that there ...
Reinsurance Industry Could Attract $100B in New Capital: Aon
The reinsurance industry may attract about $100 billion of new capital from alternative sources over the next five years as pension and hedge funds boost investment, according to broker Aon Plc. ...
Let’s Not Exaggerate Alt Re Impact: Munich Re’s Jeworrek
With catastrophe excess-of-loss reinsurance premiums making up less that less than 10 percent of its overall portfolio, the influx of capital from institutional investors into the reinsurance market ...
Montpelier Re Launches Montpelier Risk Institute; Scientists, Insurance Experts Collaborating
Montpelier Reinsurance Ltd. announced the launch of the Montpelier Risk Institute (MRI) on Sunday, explaining that the virtual risk institute that will leverage the complementary capabilities of ...
Global Insurance M&A Activity at Four-Year Low: Clyde & Co.
Global merger and acquisition activity among insurers dropped 29 percent in the year through June as falling pricing and lower investment returns tempered demand, according to law firm Clyde & ...