Reinsurance

Aspen becomes latest reinsurer to receive approval under Florida's reduced collateral rules.

Aspen becomes latest reinsurer to receive approval under Florida's reduced collateral rules.

Catastrophe risk modeler EQECAT has dramatically changed its estimate of insured losses from the Tohoku, Japan earthquake to between $22 billion and $39 billion.

Natural catastrophes took a toll on Munich Re’s first-quarter earnings as the company reports a net loss of $1.36 billion, compared to net income of $695 million for the same period last year.

Using his firm’s scoring method to gauge insurers’ financial strength, ALIRT Principal David Paul notes that specialty-insurer composite scores are less volatile than composites for the entire commercial-insurance industry over the long term.

The second round of P&C earnings reports for the first quarter reveal differing strategies for the challenging workers’ comp line, struggles for regionals and rising retention rates for many primary carriers. The last trend may suggest the market is bottoming, P&C Insurance Analyst William Wilt notes.