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By Chad Hemenway, PropertyCasualty360.com |
February 9, 2012
BERMUDA’S PartnerRe Ltd. says it recorded a 2011 fourth-quarter net loss of $17.6 million and a net loss for the year of $520.3 million, down from a profit of $852.6 million in 2010.
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By Mark E. Ruquet, PropertyCasualty360.com |
November 17, 2011
After bearing the effects of a sluggish economy and substantial weather-related losses in 2011, carriers are well aware that they need to increase rates in order to balance their books.
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By Chad Hemenway, PropertyCasualty360.com |
November 10, 2011
The last time buffer liability insurance was in vogue, Ronald Reagan was in the White House. But now, the need for a buffer layer of excess coverage is emerging back into the structure of risk-sharing within the excess and umbrella insurance world—a sign that the market is transitioning from soft...
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By Chad Hemenway, PropertyCasualty360.com |
November 2, 2011
Investment yields, low interest rates, less-favorable reserves and high catastrophe losses are working together to create a market hardening, according to reinsurance and specialty-insurance executives on various earnings conference calls this quarter.
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By Phil Gusman, PropertyCasualty360.com, Mark E. Ruquet, PropertyCasualty360.com |
June 23, 2011
Property and casualty excess capital remains robust, although it has declined since July 2010, an analysis shows, while a separate analysis strictly on reinsurers shows a 6 percent decline in capital for the 2011 first quarter as companies contend with, among other issues, insured catastrophe losses.
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By Phil Gusman, PropertyCasualty360.com |
June 22, 2011
The property and casualty industry still has “robust” excess capital, but not as much as July 2010, according an analysis by Morgan Stanley.
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By Phil Gusman, PropertyCasualty360.com |
March 18, 2011
A new wave of capital into the market, similar to what happened after Hurricane Katrina, is unlikely to occur after the magnitude 9.0 earthquake in Japan, as post-Katrina investment returns have not had the desired results, according to analyst firm Keefe, Bruyette & Woods.
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By Phil Gusman, PropertyCasualty360.com |
March 9, 2011
Based on property and casualty companies’ pre-announcements and other data, losses from the Feb. 22 New Zealand earthquake damages could be as much as three-times worse than the September quake in the same region, Morgan Stanley said.
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By Staff Writer |
March 19, 2010
Sixteen global reinsurers have reported approximately $3.5 billion in estimated pre-tax net losses so far from the Chilean earthquake and European Windstorm Xynthia, according to a Moody's Investor Services update.
