Reinsurance

Although the global reinsurance industry is coming off a year of near-record-level catastrophes and faces challenges in the coming year, Standard & Poors says it is maintaining a stable outlook on the sector due to surplus capital and strong enterprise risk management capabilities.

Bermuda reinsurer Everest Re Group says it expects $245 million in fourth-quarter catastrophe losses, including an estimated $145 million in losses related to the flooding in Thailand.

Bermuda reinsurer Everest Re Group says it expects $245 million in fourth-quarter catastrophe losses, including an estimated $145 million in losses related to the flooding in Thailand.

While the cause of the Costa Concordia accident is still under investigation, insurance and reinsurance markets are bracing for loss claims that could ultimately reach $1 billion, according to Moodys Investors Service.

As many insurers and reinsurers are readying investors for a degree of disappointment in 2011 fourth-quarter earnings, Cincinnati Financial Corp. says it has some good newsfavorable impacts.

As many insurers and reinsurers are readying investors for a degree of disappointment in 2011 fourth-quarter earnings, Cincinnati Financial Corp. says it has some good newsfavorable impacts.