Reinsurance

High losses from 2011 are producing greater underwriting discipline among reinsurers when it comes to catastrophe-exposed renewals, according to a major insurance broker.

Now that 2011 is coming to a close, PC360 updates and revisits its list of top natural catastrophes of 2011.

Reinsurance company Everest Re Group Ltd. on Thursday said that claims related to the massive flooding this year in Thailand could cost it $100 million to $125 million after certain premiums and taxes.

Reinsurance company Everest Re Group Ltd. on Thursday said that claims related to the massive flooding this year in Thailand could cost it $100 million to $125 million after certain premiums and taxes.

Premium growth in emerging markets has expanded by 11 percent over the past decade, driven by a strong economic environment, insurance supervision and regulations and product innovation, according to a study by Swiss Re.

A hard market now would be purely for the purpose of price gouging buyers of insurance, particularly commercial-lines insureds, according to an Americans for Insurance Reform report that says the industrys little understood economic cycle has been used to victimize policyholders for 35 years.