Reinsurance

Most reinsurers have far more capital than a year ago, capacity is abundant, but problems lie ahead for the marketplace, one reinsurance brokerage predicted.

Gen Re came out on top, with Munich Re America a close second as the "best overall" reinsurers in a survey of ceding companies by Flasp?hler Research Group.

Maintaining a long-term relationship and taking the time to learn about one another's strategic plans and risk appetites are all critical factors.

Insurance experts at an industry conference said the property and casualty sector had performed remarkably well between 2007 and 2009, three of the most challenging years for the economy in decades.

RenaissanceRe Holdings Ltd. announced the retirement of two key executives and the promotion of Kevin J. O'Donnell to executive vice president and global chief underwriting officer.

Reinsurers recapitalized significantly in 2009, but while pricing was down for the latest Jan. 1 renewal season as a result, underwriting remained disciplined in a softening market characterized by one top broker as "orderly."