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With a quiet hurricane season to date, 2013 is shaping up to be another relatively light year for global catastrophe losses.   22 October 2013
News
The growing use of economic capital models by cedants to help structure their reinsurance programmes has led to many increasing their retentions – a phenomenon that is almost paradoxical at a time when reinsurance is relatively cheap.   22 October 2013
ILS
While levels of convergence capital have been substantial and are proving a welcome addition for primary players, the flood of new capacity will not sound the death knell for traditional reinsurance.   22 October 2013
Re/insurance
Although the European market generally enjoys fewer big losses in comparison with the US, the recent flood losses in Germany and Central Europe represent a stark reminder that big losses do occur and can hit the market’s insurers hard.   20 October 2013
News
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
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
Re/insurance
The reinsurance industry must rediscover its core skill of assessing, managing and transferring risks instead of being preoccupied with the continuing influx of capital into the market.   20 October 2013
News
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
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 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

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