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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
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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
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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
News
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
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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
Life
Extra-Tropical Cyclone Christian struck northern Europe this weekend, causing widespread damage that Eqecat estimates will be comparable to losses experienced following Windstorm Kyrill in 2007. 31 October 2013
Life
AM Best has highlighted improved operating performance and profitability, as well as the introduction of strengthened underwriting team, as being behind a positive revision to XL’s issuer credit rating and an affirmation of its A (Excellent) financial strength rating. 31 October 2013
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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
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ccording to William Donnell, president of US property catastrophe at Swiss Re, public-private partnerships can help close the gap between insured losses and economic losses. 22 October 2013
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As cedants in Europe increasingly use economic capital models (ECMs) to help them structure their reinsurance programmes, this will benefit those reinsurers able to offer a wider array of products, services and expertise and able them to establish a more holistic reinsurance programme for insurers. 22 October 2013
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