Insurers must make their position clear on reinsurance credit risk, according to Pitmans Trustees Limited (PTL), an independent trustee and governance services provider.
Reinsurers and brokers operating in the countries of the GCC remain upbeat about their outlook, according to the 3rd GCC Reinsurance Barometer, a survey released on behalf of the QFC Authority.
Patrice Minors, the Minister of Economy, Trade and Industry in Bermuda said she was humbled by QBE’s decision to move its wholly owned captive re-insurer, Equator Re from Dublin to Bermuda.
Swiss Re has closed the sale of its Admin Re® US business (REALIC) to Jackson National Life Insurance Co.
Aon Benfield, through a subsidiary Impact Forecasting, has launched an enhanced loss calculation platform, ELEMENTS 7, which enables insurers to more easily customise catastrophe models.
The catastrophe reinsurance market is facing a strategic shift, according to a report by Willis Capital Markets & Advisory (WCMA), part of global insurance broker, Willis Group.
Capital market solutions such as catastrophe bonds and collateralised quota-share reinsurance vehicles represent an increasingly viable alternative to the use of traditional reinsurance, according to a report by rating agency Fitch.
Catastrophe modelling companies are currently putting loss estimates for Hurricane Isaac at between $500 million and £2 billion.
Swiss Re Corporate Solutions has announced that it is to open a new office in Amstelveen, in the Netherlands.
High cat activity in the Asia Pacific region has prompted reinsurers to re-evaluate their underwriting approach and risk appetite, according to a report by rating agency Fitch.