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In such an eventful year, with dozens of compelling stories as strong contenders, determining the Top 10 of 2011 was no easy task. But, after a lot of laborand internal debatewe feel the final list weve put together successfully captures the essential news of the past 12 months.

One of the biggest gusts of change that blew through the industry in 2011: The revisions that catastrophe-modeler Risk Management Solutions made to its U.S. Hurricane Model.

Recent global catastrophes and revised catastrophe models may end up reversing a decline in demand for reinsurance capacity A.M. Best says in a special report on the Bermuda market.

Homeowners rates in Massachusetts have been inflated due to the use of unproven and in some cases discredited hurricane models, according to the states attorney general.

Homeowners rates in Massachusetts have been inflated due to the use of unproven and in some cases discredited hurricane models, according to the states attorney general.

Almost every discussion of 2012 reinsurance rates for U.S. property risks touches on major changes in catastrophe modelsboth the recently released Risk Management Solutions (RMS) version 11.0 U.S. Hurricane Model; and, to a lesser extent, AIR Worldwides revisions released last year but only now making their way through the system....

Bermuda's Hiscox and Montpelier Re, as well as Luxembourg's Flagstone Re, say second quarter severe weather in the U.S. cost them each tens of millions of dollars. Hiscox's estimate of losses from the Japan earthquake is now at the high end of its range.

The soft market remains firmly entrenched on the casualty side of the reinsurance business. But the property and catastrophe marketplace is a much different—and more unsettled—story.