Reinsurance

The ingredients are in place for stronger U.S. mergers and acquisitions activity in 2013, and the potential for deals among Bermuda reinsurers may finally be realized as competitive pressures increase momentum for consolidation, a new report says.

With economic, interest-rate and competitive challenges expected to persist through 2013, the title of Connings latest report aptly sums up the firms recipe for insurance-industry success in a year marked by numerous headwinds: Nothing to Be Gained by Waiting for Things to Get Better.

Insurance broker Aon is withholding reinsurance payments totaling $600,000 on an aviation loss to two Iran insurance carriers due to U.S. sanctions.

Insurance broker Aon is withholding reinsurance payments totaling $600,000 on an aviation loss to two Iran insurance carriers due to U.S. sanctions.

Montpelier Re Holdings Ltd. says its Chief Operating Officer and Deputy Chairman Tom Busher will retire at the end of this year.

Montpelier Re Holdings Ltd. says its Chief Operating Officer and Deputy Chairman Tom Busher will retire at the end of this year.