Week’s Top Stories: Apr 4 - Apr 10, 2009
Rates Up on Tightening Capacity at U.S. 4/1 Prop-Cat Renewal: Reinsurance rates continued to increase for the U.S. property-catastrophe reinsurance market at the April 1, 2009 renewal, extending the trend that began at the beginning of the year.
Where Are We on Solvency II?: Solvency II will require insurers and reinsurers domiciled in the European Economic Area (EEA) to assess their regulatory capital requirements within a forward-looking risk sensitive framework.
Manage the Cycle Part I: What Cycle?: The insurance and reinsurance industry often talks about cycles. Although not as regular as the term “cycle” might imply, there are indeed systematic fluctuations of insurer and reinsurer underwriting results.
USD6.1bn Loss for Global Reinsurance Composite: With data for 16 of the 20 companies in the Guy Carpenter Global Reinsurance Composite available, an aggregate loss of USD6.1 billion has emerged. This stands in stark contrast to 2007’s aggregate net income of USD18.4 billion.
Bermuda Reinsurance Composite Net Loss of USD6.6bn: The Guy Carpenter Bermuda Reinsurance Composite posted an aggregate net loss of USD6.6 billion for full-year 2008. This represents a precipitous drop from 2007’s net gain of USD8.6 billion.
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And, you may have missed …
Guy Carpenter Completes Acquisition of John B. Collins Associates, Inc.: Guy Carpenter & Company, LLC, the leading global risk and reinsurance specialist, today announced the successful completion of the previously announced acquisition of John B. Collins Associates, Inc. (Collins).
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