Reinsurance

Employment in the property and casualty insurance industry rose two percent in August compared to July, according to the latest U.S. employment statistics, but declined compared to August 2009 by 2.8 percent--or 13,400 jobs.

While the U.S. will "almost certainly" continue to be the prime destination for "Supercat" events--events that cause insured losses of at least $10 billion--Aon Benfield is warning insurers that Asian countries could also see such events.

Swiss Re unveiled a new leadership structure, including a new chief risk officer and chief operating officer, designed to strengthen the company's core capabilities and market presence.

The lack of certainty in regulation is one of the biggest challenges facing the global insurance and reinsurance industries, Lloyd's Chief Executive Richard Ward warned here.

Flagstone Reinsurance Holdings, S.A. said its preliminary estimate of its exposure to last month's 7.1 magnitude earthquake in New Zealand is $52.5 million net of reinstatement premiums and retrocession.

The private sector has a stake in understanding the impact of climate change, especially as it comes to evaluating risk, the president of the Reinsurance Association of America (RAA) noted during a press conference Wednesday.