Reinsurance

Although reinsurance executives report that U.S. midyear renewal prices rose by at most low double-digits for catastrophe business, momentum is building for a new—and lasting—elevation of U.S. prices next year, they say.

The top 25 U.S. reinsurers took down loss reserves related to prior accident years for the third consecutive calendar year in 2010, recording favorable development of nearly $1.7 billion, according to a NU analysis.

Risk modeler Eqecat will add to the hurricane model debate when it releases an update to its North Atlantic Hurricane Model on July 15.

Risk modeler Eqecat will add to the hurricane model debate when it releases an update to its North Atlantic Hurricane Model on July 15.

Bermuda's Hiscox and Montpelier Re, as well as Luxembourg's Flagstone Re, say second quarter severe weather in the U.S. cost them each tens of millions of dollars. Hiscox's estimate of losses from the Japan earthquake is now at the high end of its range.

Bermuda's Hiscox and Montpelier Re, as well as Luxembourg's Flagstone Re, say second quarter severe weather in the U.S. cost them each tens of millions of dollars. Hiscox's estimate of losses from the Japan earthquake is now at the high end of its range.