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Europe remains driven by deep relationships

The lower margins made on reinsurance catastrophe business placed in Europe combined with less established risk models available to assess these risks means that buyers in Europe are less likely to be using alternative capital sources to place these risks, says Manfred Seitz. 20 October 2013

News

Aggressive pricing in a competitive renewal

That is the view of John Welch, president and CEO of XL Reinsurance America, who said that barring a major catastrophe event, the US reinsurance market should prepare for a continuing downward trajectory in rates following a competitive mid-year renewal. 20 October 2013

News

Lloyds continues to be an attractive option

Four new syndicates were approved to write business at Lloyd’s in 2013, with two existing syndicates looking to increase capacity and a further three new entrants agreed in principle for 2014. 17 October 2013

Re/insurance

ACA health tax not a reinsurance opportunity

A three-year $63 tax on health insurance plan enrolees will not stimulate reinsurance buying, but it will create a war chest for insurers and a “ready source of funds to smooth out the impact of high cost claims” associated with Obamacare. 16 October 2013

Re/insurance

Canopius strengthens London team

Canopius has appointed Grant Elliott as head of business development and Sally Coryn as head of corporate development as it strengthens its London operations. 15 October 2013

Re/insurance

Europe: there be giants

Bermuda players are pursuing a mix of strategies as they develop a deeper footprint in Europe in the face of sometimes sharp competition from the large continental reinsurers. 14 October 2013

Re/insurance

A girl named Sandy

One year on, significant lessons have been learned from Superstorm Sandy. Various constituents of the market give their views on the impact of the east coast storm. 14 October 2013

News

Evans to head international insurance platform

Endurance has appointed Graham Evans, formerly president of professional lines at Axis, to head a new international insurance platform offering multi-line capabilities. He will be based in London. 10 October 2013

News

Tower strengthens loss reserves in response to actuarial questions

Bermuda-based Tower Group has substantially increased its loss reserves by $365 million in order to fill holes in its 2009 to 2011 accident year business. 9 October 2013

Re/insurance

Ironshore ramps up global terrorism capacity

Ironshore’s Lloyd’s syndicate, Pembroke, has increased its global terrorism and sabotage capacity to $300 million. 9 October 2013

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