Reinsurance

The combination of corporate bankruptcies, high-dollar shareholder derivative lawsuit settlements and declines in Side-A pricing may soon turn a profitable niche of the directors and officers liability insurance market into a money loser, carrier executives say.

Hosni Mubarak’s resignation as president of Egypt and the subsequent military takeover have brought a measure of stability to the nation, but uncertainty about the future and potential flashpoints throughout the region have insurers casting a wary eye on political risk coverage.

The Obama administration’s 2012 budget proposal has reopened the debate over taxing certain reinsurance premiums ceded to foreign insurers by their U.S. affiliates.

A review of enforcement actions taken by the U.S. Treasury Department reveals that bankers are the primary violators of sanctions imposed against foreign governments, but a few property and casualty insurers and one broker have also received fines.

Two years after reporting a dismal $663 million net loss, Swiss Re appears to have rebounded, paying off a $2.6 billion loan instrument and still recording a 74 percent increase in net income for 2010.

Two years after reporting a dismal $663 million net loss, Swiss Re appears to have rebounded, paying off a $2.6 billion loan instrument and still recording a 74 percent increase in net income for 2010.