Reinsurance

As the number of catastrophe bonds has grown over the past five years so has the use of industry triggers to determine the release of capital, according to a report from Property Claim Services.

The property and casualty market has firmed, Wells Fargo Insurance is telling its clients, but a separate Willis Re analysis of June 1 and July 1 reinsurance renewals shows a highly segmented approach to pricing, where rate increases are tied to loss activity on accounts rather than a hardening market.

Congress today finally passed and sent to the President legislation providing long-term certainty for the National Flood Insurance Program.

Congress today finally passed and sent to the President legislation providing long-term certainty for the National Flood Insurance Program.

Bermuda is on course to bring capital rules for insurers into line with theEuropean Union's tough new Solvency II regime, the island's financial regulator said.

Bermuda is on course to bring capital rules for insurers into line with theEuropean Union's tough new Solvency II regime, the island's financial regulator said.