2010
Wall Street: Too Much Capital Draining P/C ROE
Jun/14/2010 09:22 AM Filed in: Reinsurance
Return on equity
is going one way: down.
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"Chile is Chile"
Jun/11/2010 11:46 AM Filed in: Reinsurance
Despite
increasing claims, losses from the Chilean
earthquake may not harden the broader market.
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Downgrades Possible as P/C Reserve Releases Continue: S&P
Jun/04/2010 08:48 AM Filed in: Regulation
The industry has
been giving away precious capital.
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Flooding in Central Europe, China and U.S. Midwest Dominate May Cat Losses
Jun/03/2010 01:32 PM Filed in: Modeling
Firms
Deepwater Horizon
remains the great unknown loss.
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"There May Not be Enough Capital to Go Around This Time"
Jun/01/2010 02:25 PM Filed in: Reinsurance
Reports from
Moody's and Aon say that the P/C reinsurance
industry remains dangerously close the the
precipice going into the hurricane
season. Read
More...
Guy Carp: Florida Renewals Down, Longer-Term Trends Remain Unclear
Jun/01/2010 09:45 AM Filed in: Reinsurance
The Sunshine
State may get a breather from reinsurance price
increases but a state attempt at long-term
stabilization falls short. Read
More...
Swiss Re Cat Bond Index Reveals Healthy First Quarter
May/10/2010 11:07 AM Filed in: Catastrophe
Bonds
Catastrophe bonds
have continued to perform despite several
challenges.
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Nationwide to Stop Writing Direct California Quake
May/06/2010 02:56 PM Filed in: Modeling
Firms | Regulation
The insurer will
be hit with surcharge in order to make the switch
to CEA.
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North Pacific Cyclone Season May Be Tame
May/05/2010 11:19 AM Filed in: Modeling
Firms
A total of 28
storms are predicted. Read
More...
Baja Quake Dominated April Nat Cat Losses
May/05/2010 06:43 AM Filed in: Modeling
Firms
The Mexico
tremblor caused over $300 million in insured
losses. Asia suffered from violent storms and a
China quake. Read
More...
Paper Questions U.S. Coastal Property Insurance Sustainability
Apr/27/2010 02:12 PM Filed in: Reinsurance
| Regulation
An academic view
of coastal markets does not bode well.
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RIMS 2010: Solar Flare Can Cause Earth-Bound Disruptions
Apr/27/2010 10:16 AM Filed in: Modeling
Firms
Electromagnetic
storms are a low-frequency but high-impact
event.
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The ILS Glass Remains Half Full
Apr/25/2010 11:52 PM Filed in: Catastrophe
Bonds
An Aon Benefield
report argues that insurance-linked securities
remained poised for a comeback despite a tepid
start. Read
More...
Key to Cat Bond, ILW Issuance in 2010: Rates and Spreads
Apr/13/2010 11:30 AM Filed in: Catastrophe
Bonds
The cost of
issuing a catastrophe bond or structuring an
industry loss warranty is coming in line with
traditional markets but it’s still not enough for
real market growth, Guy Carpenter says.
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Lack of Cat Losses Key to Reinsurers’ Flush of Capital
Apr/13/2010 10:29 AM Filed in: Reinsurance
The absence of a
major natural catastrophe in 2009 helped the
reinsurance industry recover its capital base. This
year may not be so kind.
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Windstorm Losses Hitting French Insurers Hard
Apr/08/2010 04:38 AM Filed in: Reinsurance
EQECAT Database Change Part of Larger Re-Architecture Plan
Apr/08/2010 04:31 AM Filed in: Modeling
Firms
The firm is in a
two year process of rebuilding its core catastrophe
model, including a new schema.
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Billions in Cat Losses Have Yet To Find Their Way Into Rates
Mar/31/2010 12:50 PM Filed in: Reinsurance
Willis Re says
that reinsurers have experienced monumental
quarterly losses but rates remain
steady.
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EQECAT Hires RMS Software Architect
Mar/30/2010 01:41 PM Filed in: Modeling
Firms
Marian Szefler
will join the California-based firm.
Read
More...
Japanese P/C Industry Faces Growth Challenges: Moody’s
Mar/30/2010 01:17 PM Filed in: Reinsurance
The biggest firms
want to expand internationally, but
can’t.
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Study Says Coastal Regions Have Billions at Risk From Storm Surge
Mar/30/2010 09:25 AM Filed in: Modeling
Firms
Gulf of Mexico Wind Remains Energy Reinsurance Outlier
Mar/26/2010 11:22 AM Filed in: Reinsurance
Willis argues
that despite increased capacity in the broader
energy market the Gulf of Mexico remains
problematic. Buyers chafe a new underwriting
standards.
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AIR Offers Systems Update
Mar/24/2010 08:59 AM Filed in: Modeling
Firms
Both CATRADER and
CLASIC/2 will move to version 11.5.
Read
More...
State Farm’s Merna Bond Keeps Indemnity, Starts Small
Mar/23/2010 04:46 PM Filed in: Catastrophe
Bonds
The new bond is
starting small and hoping to grow with investor
interest.
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Newton Re Bondholders Settle Lehman Swap Claim
Mar/23/2010 09:11 AM Filed in: Catastrophe
Bonds
Both sides settle
on $37 million to terminate the cat bond’s
collateral contract.
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S&P: Cat Losses Could Force Reinsurers Into the Capital Markets
Mar/22/2010 12:50 PM Filed in: Reinsurance
Some reinsurers
have already burned through half of the catastrophe
budgets.
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Reinsurers Fail to React to Secondary Peril Threat
Mar/22/2010 06:13 AM Filed in: Reinsurance
| Modeling
Firms
The industry
continues to subsidize losses without charging
adequate rates.
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Examiner Questions Lehman Reinsurance Play
Mar/15/2010 09:21 AM Filed in: Regulation
| Reinsurance
The defunct
firm's stake in Wilton Re is only a footnote in the
2,220 page bankruptcy report, but the questions it
raises could have broader implications for private
equity investments in
reinsurance.
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One Weekend’s Cat Losses Could Cost Partner Re $390 Million
Mar/09/2010 09:49 AM Filed in: Reinsurance
Claims could rise
even higher as damaged is assessed.
Read
More...
Moody's Lowers CEA Credit Outlook
Mar/07/2010 11:27 PM Filed in: Catastrophe
Bonds | Regulation
The ratings
agency is concerned that the California Earthquake
Authority's push to write more polices will hamper
its claims-paying ability.
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Indian Government Calls for Catastrophe Bond Focus
Feb/26/2010 09:33 AM Filed in: Catastrophe
Bonds
A new report argues
for cat bonds but lacks detail.
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Madeira Flooding, Mudslides Cause Extensive Damage
Feb/22/2010 02:09 PM Filed in: Modeling
Firms
The island
destination is reeling from a weekend storm.
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Northeast Storms Await Cat Designation
Feb/22/2010 09:32 AM Filed in: Modeling
Firms
PCS continues to
tally claims from "Snowmageddon."
Read
More...
Flat Roof Snow Loads are Primary Concern in East Coast Storm: AIR
Feb/10/2010 06:32 PM Filed in: Modeling
Firms
Blizzard
conditions in the Eastern U.S. could lead to
insured losses. Read
More...
Weather Models Key to Haiti Recovery Effort
Feb/10/2010 08:42 AM Filed in: Modeling
Firms
New models will
be used to direct resettlement efforts prior to the
critical hurricane season.
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Academics Praise ILS Market Fundamentals but Raise Some Caution
Catastrophe bonds
will become more important as reinsurance capital
shrinks, but the market’s “underlying friction”
remains. Life and longevity traders could be in
store for a mortality spike.
Read
More...
Audit Faults Louisiana Citizens' Reserving
Jan/27/2010 01:49 PM Filed in: Regulation
An audit of
Louisiana’s insurer of last resort goes to the
heart of its reserving. Management cries
foul.
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Does ILS Have a Transparency “Problem”?
Jan/26/2010 11:40 AM Filed in: Catastrophe
Bonds
The shuttering of
the online trading platform Myrias and its argument
that the industry was “not ready for full
transparency” is the latest salvo against the
industry’s disclosure practices.
Professionals from Fermat Capital, Moody’s and Myrias discuss current problems and possible solutions.
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Professionals from Fermat Capital, Moody’s and Myrias discuss current problems and possible solutions.
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RMS Calls Criticism “A Fundamental Misunderstanding” of Cat Models
Jan/21/2010 02:03 PM Filed in: Modeling
Firms
After a report
calls short term hurricane models flawed, one firm
says the criticism is itself faulty.
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Cat Risk Limits Key to New Validus Bond Rating
Jan/21/2010 09:32 AM Filed in: Reinsurance
Following the
acquisition of IPC, Validus will need close watch
on its catastrophe exposure.
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Clark Says Hurricane Models Overestimated Losses
Jan/20/2010 08:58 AM Filed in: Modeling
Firms
Near term models
are unreliable and need to be reconsidered, the
study says.
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Capital Markets Leader Swiss Re Picks Retro Over Securitization
Jan/19/2010 01:31 PM Filed in: Life
Structures
Despite being a
capital markets leader, Swiss Re is transferring a
chunk of its life business back into the
reinsurance industry.
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The $8 Million Question: Haiti and the Relevance of Catastrophe Pools
Some see the
Haitian tragedy as proof that catastrophes pools in
cooperation with the capital markets work and
should be expanded.
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S&P Revives Cat Bond Rating Then Promptly Sends it to Default
Jan/14/2010 11:17 AM Filed in: Catastrophe
Bonds
Munich Re’s
Carillon is the latest cat bond backed by Lehman to
fall. Read
More...
Haiti Quake Payout $8 Million, Limited Insurance and Poor Construction Are Key
Jan/13/2010 03:17 PM Filed in: Catastrophe
Bonds | Modeling
Firms
Despite possible
economic losses in the hundreds of millions, the
local cat fund has limited exposure. Modelers point
to multiple causes. Read
More...
After a Difficult 2009, Bermuda Looks Towards New Year and ILS
Jan/13/2010 08:39 AM Filed in: Catastrophe
Bonds | Regulation
Trading value and
share are off by nearly half, but cat bonds are
seen as savior.
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New Life Collateral Program “Rules Out” Cash
Jan/13/2010 06:39 AM Filed in: Life
Structures
Karson Management
says its new collateral program removes the
investment risk from Triple X deal.
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Haitian Quake Could Mean “Significant Payout” From CCRIF
Jan/12/2010 07:04 PM Filed in: Catastrophe
Bonds
The
Caribbean-based catastrophe fund will face a major
test.
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Reserving, Yields Will Challenge P/C Earnings
Jan/04/2010 02:01 PM Filed in: Reinsurance
Despite a banner
2009, reinsurance profitability may become a scarce
commodity in the new year.
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