Reinsurance

Natural disasters have impacted the bottom line of reinsurers globally, with combined losses from the Japanese and New Zealand earthquakes, and cyclone and flooding losses in Australia, totaling $15.7 billion for 23 property and casualty reinsurers, leading to an aggregate loss of $3.5 billion, according to a report from Fitch.

The National Oceanic and Atmospheric Administration says it expects 12-18 named storms during the 2011 Atlantic hurricane season, which begins in less than two weeks.

Reinsurer Endurance Specialty Holdings Ltd. said it expects the April tornadoes that struck several Southern states will results in losses between $45 million and $55 million.

Reinsurer Endurance Specialty Holdings Ltd. said it expects the April tornadoes that struck several Southern states will results in losses between $45 million and $55 million.

More than half of the states have passed bills implementing federal legislation reforming and modernizing regulation of the surplus lines and reinsurance industries.

More than half of the states have passed bills implementing federal legislation reforming and modernizing regulation of the surplus lines and reinsurance industries.