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The reinsurance industry can financially withstand the losses from Japan’s Tohoku earthquake, but the compounding of losses from Australia and New Zealand is putting strain on reinsurers and having some price impact, according to a Guy Carpenter report.

Reinsurance broker Guy Carpenter will pay Connecticut $4.25 million to settle anti-trust allegations brought by the state’s attorney general, as both sides declared victory in a lawsuit going back to 2007.

Reinsurance broker Guy Carpenter & Company said Chinese insurance authorities have awarded the firm a broking license that would make it the first of its kind there.

The vast majority of domestic specialty carriers put the size of the program business market at $20 billion or over in a recent survey, and a third of the respondents

The vast majority of domestic specialty carriers put the size of the program business market at $20 billion or over in a recent survey, and a third of the respondents believes the market is over $40 billion.

Guy Carpenter & Company LLC said it is opening an office specifically dedicated to the "increasingly complex needs of Florida-based companies" and the unique Florida marketplace.

Steve White was named chief actuary of reinsurance broker Guy Carpenter & Company, LLC.

Reinsurance broker Guy Carpenter & Company, LLC said it has agreed to sell its wholly owned subsidiaries--Reinsurance Solutions LLC, Reinsurance Solutions Ltd. (collectively RSL) and Excess & Treaty Management Corp. (ETMC)