Reinsurance

The Bermuda insurance market is unlikely to see widespread upward rating pressure over the next 12 to 18 months, according to Fitch Ratings, but individual insurers and reinsurers in this market could see upward pressure with the right strategies.

Maurice “Hank” Greenberg, formerly the chief executive of American International Group Inc. (AIG), could go on trial in May for his alleged role in a sham reinsurance transaction with Gen Re Corp.

Global interconnection has increased vulnerability to risks around the world, and insurer involvement will be critical in finding answers for the uncertain and volatile future, according to an official with the World Economic Forum.

Although property and casualty insurers weathered the global financial crisis better than other types of financial services firms, emotional scars remain, prompting insurers to hang onto extra capital.

Revisions in catastrophe models most likely won't offset the lack of demand in the reinsurance market, Moody's Investor Service said today.

If there is any segment of the property and casualty insurance industry to worry about when it comes to investments in municipal bonds, it would be small regional companies, an industry analyst said recently.