Reinsurance

The capital markets have pushed traditional reinsures out of the driver's seat in setting U.S. catastrophe reinsurance rates, according reinsurance broker Guy Carpenter & Co.

A group of reinsurers tracked by the Reinsurance Association of America in 2012 recorded a level of net premiums written not seen for about a decade.

Munich Re formed a $75 million catastrophe bond to address named storm exposure in the U.S and cyclones affecting Australia.

Traditional reinsurers have taken defensive actions against alternative-capital competition, meaning the increased supply of capital created through insurance linked securities (ILS) is chasing slower growth in demand, especially in the U.S. Property Catastrophe insurance market, a new report says.

Traditional reinsurers have taken defensive actions against alternative-capital competition, meaning the increased supply of capital created through insurance linked securities (ILS) is chasing slower growth in demand, especially in the U.S. Property Catastrophe insurance market, a new report says.

New York's financial regulator has asked Lloyd's Banking Group and Swiss Re for details about dealings linked to Iran as part of a probe into 20 non-U.S. reinsurance firms.