Reinsurance

Specialty commercial insurers continue to lead the way for property and casualty insurers underwriting results for this years first nine months, but results overall are down sharply compared to same period in 2010, according to a Fitch Ratings analysis.

Transatlantic Holdings is to become an independent subsidiary of property and liability insurer Alleghany Corp. under the terms of an agreement valuing Transatlantic at about $3.4 billion.

Catlin has formed an alliance with China Reinsurance Corporation that will inject Chinese funds into the Lloyd's of London market and line the British insurer up to access opportunities in Asia.

A model law passed by the National Association of Insurance Commissioners that, if adopted by states, would allow foreign reinsurers in qualified jurisdictions to post reduced collateral benefits those foreign reinsurers but is credit-negative for U.S. insurers that buy reinsurance, according to Moodys Investors Service.

A model law passed by the National Association of Insurance Commissioners that, if adopted by states, would allow foreign reinsurers in qualified jurisdictions to post reduced collateral benefits those foreign reinsurers but is credit-negative for U.S. insurers that buy reinsurance, according to Moodys Investors Service.

Faced with continuing aftershocks and earthquakes, New Zealands property and casualty insurance market is in flux, as it also adjusts to regulatory developments. Both factors are making captive insurance more attractive.