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Alternative Risk Transfer
Last year saw the second highest level of catastrophe bond issuance on record signalling strong growth in the market, according to Willis Capital Markets & Advisory (WCMA). At year end, $5.9 billion of catastrophe bonds had been issued – a 37 percent increase over 2011, according to the unit’s latest Insurance-Linked Securities (ILS) market update.   6 February 2013
Insurance
The deadline for Solvency II implementation is likely to be pushed back once again, given the time frame that has been allocated for the long-term guarantees assessment impact study, according to accountants familiar with the process.   4 February 2013
Insurance
The value of mergers and acquisitions (M&A) within the insurance sector globally dropped to its lowest level in 2012 since 2004, according to figures from industry data provider Dealogic. But the total number of deals done remained healthy suggesting a depression in valuations in the industry.   1 February 2013
Insurance
The economic downturn has forced property/casualty (P&C) insurers to become more focussed on underwriting discipline and less reliant on investment returns, recent reports by ratings agency Moody’s has claimed.   31 January 2013
Insurance
The low interest rate environment and regulatory burdens are the two biggest worries facing insurance CEOs, according to a recent report from rating agency Standard & Poor’s (S&P).   30 January 2013
Insurance
The uncertain economic environment globally is making corporate clients set greater store by insurers that can offer financial strength and stability. In particular, buyers are seeking insurers with a strong balance sheet and a good rating.   30 January 2013
Insurance
Litmus Analysis, the specialist insurance analytical and advisory boutique, has hired former Morgan Stanley managing director Dominic Skeet, who joins the firm as a senior consultant. His appointment will improve the company’s expertise in relation to the banking sector, Litmus said.   30 January 2013
News
Increasingly adverse weather conditions are creating challenges for UK insurers that need to be addressed. The recent cold snap in the UK has already cost insurers millions of pounds in losses.   29 January 2013
Insurance
Record losses on the scale experienced by the industry in 2011 could occur as regularly as every 15 years, risk modelling business AIR Worldwide has claimed in a report. What is more, the industry should brace itself for losses on a potentially even greater scale.   23 January 2013
Insurance
With a peak in solar and geomagnetic activity expected in 2013-2014, insurers need to work towards a better understanding of the consequences of a space weather event, according to a new report by Aon Benfield.   21 January 2013

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