Reinsurance

A day after a Chartis executive questioned whether micro cycles might replace traditional market turns, analyst firm ALIRT Insurance Research weighed in on the question of whether the traditional cycle might be a thing of the past.

In a report focusing mostly on the energy-insurance market, insurance broker Willis took time to discuss the global insurance-pricing cycle, stating a market turn, which many feel is already beginning, is not necessarily guaranteed to occur just yet.

Global reinsurer Munich Re says it expects its share of losses from flooding in Thailand to be around 500 million ($666.1 million at current exchange rate) net before tax.

Global reinsurer Munich Re says it expects its share of losses from flooding in Thailand to be around 500 million ($666.1 million at current exchange rate) net before tax.

Property and casualty carriers shed 900 jobs in October compared to September, continuing a trend seen since July 2008, but the insurance industry overall added 4,900 positions in October.

Catastrophe modeler Risk Management Solutions says insured losses from the 2011 Atlantic hurricane season will be about $5 billion.