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Supporters of the Biggert-Waters Flood Insurance Reform Act 2012 received added impetus following Sandy, with skirmishes in Congress over rate-adequate pricing, increased risk transfer into the private sector and the sustainability of the existing programme being shaped by the storm. 25 September 2013
News
Regional reinsurers will face an increasingly tough time coping with catastrophe losses and global competition in areas such as Asia and Latin America. That is the view of David Watson, president and CEO of XL Re Europe. 19 September 2013
News
Swiss Re’s latest report on catastrophe risk entitled Mind the Risk: A global ranking of cities under threat from natural disasters, has highlighted flood as the leading global catastrophe risk. 18 September 2013
News
85 percent of insurers would pull terrorism risk cover if the Terrorism Risk Insurance Act (TRIA) expires, according to a new report by Aon. 18 September 2013
ILS
While many in the reinsurance industry are concerned about the potential implications of the influx of alternative capital, it also offers an opportunity to leverage increasingly diverse sources of retrocessional
capacity. 12 September 2013
News
Canopius’ purchase of Omega has helped to deliver scale, which alongside strong organic growth and an active reduction in attritional losses, has led to a strong 2013 for Canopius. 11 September 2013
News
Mark Watson, CEO of Argo said that as more capital pours into the market, the impact of medium and large scale catastrophic events will lose its punch and ability to move the market, allowing re/insurers to respond to true market conditions instead of waiting for a single event to move the market. 10 September 2013
News
As Hiscox moves its reinsurance operations under a single banner – Hiscox Re – the company continues to realise the value of both a Bermuda and Lloyd’s platform, its CEO says. 8 September 2013
ILS
Re/insurers have been unfairly lumped in with more risky institutions following the financial crisis and are now suffering their attentions in the form of convergence capital. These are challenging times for the sector. 7 September 2013
News
According to the latest Aon Benfield Aggregate (ABA) report, released this week, global reinsurer capital has reached $510 billion. 6 September 2013
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