Reinsurance

With chatter about the next market turn heating up, experienced niche-market participants don’t anticipate a replay of the gut-wrenching turmoil that left some program administrators out in the cold during the last turn. But that doesn’t mean program books won’t need to be mended or that some carrier retrenchment from...

ACE Ltd. is the dominant and strongest of Bermuda-based insurance companies, according to data released today by the Association of Bermuda Insurers and Reinsurers.

ACE Ltd. is the dominant and strongest of Bermuda-based insurance companies, according to data released today by the Association of Bermuda Insurers and Reinsurers.

Bermuda-based Endurance Specialty Holdings says it expects $125 million in losses from the March 11 Japan earthquake and tsunami, and Iowa-based United Fire & Casualty Company says it expects $10 million in first-quarter catastrophe losses incurred in the company's assumed reinsurance portfolio.

In spite of competitive conditions in the specialty program business segment, an insurance industry analyst doesn’t see any flashing red alerts signaling major troubles ahead for program carriers so far in 2011.

PartnerRe says it expects approximately $500 million in losses, pre-tax and net of retrocession and reinstatement premiums, from the March 11 Japan earthquake and tsunami.