According the Property Claims Service at Verisk Analytics the impact of the event is too soon to characterize, but the single event on its own will not move the re/insurance market. 23 May 2013
AM Best has revised the negative outlook it had placed on PartnerRe to stable, following a strong performance in 2012. The year was in marked contrast to 2011 when the company—like much of the industry—was hit by significant cat losses. 22 May 2013
Endurance, a specialty provider of property and casualty insurance and reinsurance, has assembled an excess and surplus lines excess casualty team to join the company. 21 May 2013
Sirius, the Bermuda-based reinsurance unit of White Mountains, has formed a dedicated team to lead strategic initiatives in the ILS and reinsurance capital markets convergence area. 17 May 2013
Switzerland will provide a global platform for Tokio Millennium Re as it looks to pursue international strategic ambitions, crack the European market and reduce group volatility. 16 May 2013
Neil Currie is stepping down as CEO of RenaissanceRe and will be replaced by Kevin O’Donnell from July. Currie will remain at the company in an advisory role until February of next year. 16 May 2013
Fitch Ratings has upgraded ACE and its subsidiaries by one notch, from ‘A’ to ‘A+’, citing continued strong operating performance, a strong balance sheet and financial flexibility with moderate leverage. 16 May 2013
The reinsurance industry should consider alternative investment opportunities created by bank disintermediation in their hunt for returns in the present troubled investment environment. 15 May 2013
