Reinsurance

Reinsurer Validus Holdings on Monday withdrew its offer for peer Transatlantic Holdings, ending a months-long hostile takeover battle.

The U.S. insurance industry, both property casualty and life, is urging Brazil to stop restricting reinsurance access to only domestic reinsurers in one of the worlds leading emerging markets for insurance.

The U.S. insurance industry, both property casualty and life, is urging Brazil to stop restricting reinsurance access to only domestic reinsurers in one of the worlds leading emerging markets for insurance.

The string of catastrophes that wrought so much destructionand caused so many insurer lossesearly in 2011 also spurred the formation of special purpose insurers (SPIs) in Bermuda with 17 formed this year, the largest number to date.

The string of catastrophes that wrought so much destructionand caused so many insurer lossesearly in 2011 also spurred the formation of special purpose insurers (SPIs) in Bermuda with 17 formed this year, the largest number to date.

Specialty commercial insurers continue to lead the way for property and casualty insurers underwriting results for this years first nine months, but results overall are down sharply compared to same period in 2010, according to a Fitch Ratings analysis.