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A group of 19 U.S. property and casualty reinsurers saw its underwriting profit for the first nine months of the year improve from a loss of over $2 billion in 2011 to a gain of just under $1.4 billion in 2012.

Chinese state-owned insurer PICC Group has secured pledges from American International Group (AIG) and other investors to buy about half of its up to $3.6 billion IPO, set to be the biggest in Hong Kong in two years.

Investors who have put their money into specialist financial bonds which cover insurance companies from huge natural disasters are unlikely to be hit with big losses from monster storm Sandy even though it is one of the biggest ever to hit the United States.

Investors who have put their money into specialist financial bonds which cover insurance companies from huge natural disasters are unlikely to be hit with big losses from monster storm Sandy even though it is one of the biggest ever to hit the United States.

Munich Re said it was considering launching a fund to allow investors to buy catastrophe bonds and other insurance linked securities to build on the growing demand for the instruments that are linked to natural disasters.

Despite 2011 castastrophe losses, the reinsurance sector ended the year with a dedicated capital position that was slightly up at around $178 billion. Examining the premium assumed from non-affiliates, PC360 has ranked the top 25 U.S. reinsurers for 2011.

More than $2 billion in catastrophe-bond maturities are not expected to impact the overall size of the market as new money funneling in should keep the industry growing, according to a Guy Carpenter report.

More than $2 billion in catastrophe-bond maturities are not expected to impact the overall size of the market, as new money coming in should keep the industry growing, a Guy Carpenter report says.