Despite suggestions from Florida’s CFO that consumers are losing out on savings made in reinsurance buying, insurers are in many instances passing on rate reductions to state consumers. 13 November 2013
Law firm Appleby’s review of the offshore market has found that finance and insurance transactions are powering the offshore M&A market. 8 November 2013
AIR Worldwide estimates that insured losses from European windstorm Christian will come in between EUR 1.5 billion and EUR 2.3 billion, although the total damage was less severe than that from historical storms. 7 November 2013
96 percent of respondents to the 1st Asia Reinsurance Barometer, carried out by the Qatar Financial Centre Authority, have indicated that they anticipate reinsurance supply to increase in Asia. 6 November 2013
Significant rate reductions at the mid-year renewals may signal a tough January for reinsurers, and will likely encourage global multi-line players to consider insurance lines more closely. 6 November 2013
Towers Watson’s sale of its reinsurance brokerage business to JLT—for a cash consideration of $250 million—has been completed. JLT will conduct combined business as JLT Towers Re until full integration in 2015. 6 November 2013
However, Guy Carp predicts that the conditions are ripe for a broader reinsurance community to respond positively with innovative and customised solutions. 4 November 2013
Hiscox increased its gross written premiums by 10.1 percent year-on-year to £1,370 million, driven by the strength of its insurance business. 4 November 2013
With significant levels of convergence capital entering the cat market and reinsurers looking to take on more flood risk, there are significant opportunities for premium growth and risk mitigation says Brad Kading. 31 October 2013
