Platinum Underwriters Holdings repurchased 2.2 million of its common shares for $91.8 million during the three months ended September 30, 2010.
Reinsurers find themselves with excess capital in a landscape that “looks more like 2007 than 2008”, according to Guy Carpenter, which predicted overall rate decreases in the property catastrophe reinsurance market.
Just 44 percent of US insurers have their reinsurance administered by a dedicated department, according to a survey conducted on behalf of Inpoint Services.
New accounting standards could improve insurance financial reporting and transform the relationship between insurers and investors.
International insurers and reinsurers posted improved financial results in the first half of 2010, despite falling prices and large catastrophe losses.
Eight catastrophe bonds totalling $2.05 billion in risk capital were completed in the second quarter of 2010, making it the second most active second quarter on record, according to a new report issued today by Guy Carpenter & Company, LLC and GC Securities.
Insurers are more effectively managing catastrophic risks as a result of the lessons learnt after Hurricane Katrina, according to the Property Casualty Insurers Association of America (PCI).
It’s been quite a year already for catastrophes, and the hurricane season is not even fully upon us yet.
XL Re gains special status in Florida XL Re has achieved special status in Florida and now qualifies for lower collateral requirements.
Flagstone Re has completed its redomiciliation from Bermuda to Luxembourg after the plan was approved by shareholders.