Below are catastrophe-related charges to earnings reports from selected reinsurance providers. Each company provides a different level of information and transparency around its catastrophe business. As a result, some
Legislation that would target the tax status of affiliated foreign reinsurers would likely have its most significant reverberations in the U.S. catastrophic risk market, according to industry professionals. But
Thunderstorms have become a major factor for insurers in the U.S. and industry professionals expect losses to increase even though storm activity remains normal. In the first half of
The $11 billion catastrophe bond market continues to struggle towards recovery with industry professionals hoping for a late year rebound to match their already lowered expectations, a new report issued
Despite industry reluctance, the National Association of Insurance Legislators (NCOIL) will continue to explore a model law that would create public/private pools to fund catastrophe losses. NCOIL representatives argued
The announcement yesterday that Partner Re was purchasing Paris Re in a $2 billion stock transaction is the latest merger announcement in the property/casualty reinsurance industry. It is also
Accounting changes could mean major headaches for international insurers. Property-casualty insurers that follow international accounting standards could find themselves with a major accounting shift if a proposal by international
Commercial property/casualty carriers have been drawing down precious capital from reserve accounts, making them vulnerable to longer-tail claims that could haunt them for years to come. The decline
Property/casualty reinsurers need to be more aggressive about pricing climate change into catastrophe cover or they could face large underwriting losses on the business line. Although several insurance executives
The default of a Regulation XXX structure shows the market for securitizing premium-term life reserves has some additional healing to do before it can return to normalcy. Earlier this
The new U.S. federal budget calls for slashing the $100 billion government-provided backstop for terrorism insurance, surprising many in the property/casualty industry who thought the subsidy was
