Reinsurance

Claims from Hurricane Isaac are beginning to roll in, and the storm is expected to be absorbed by primary insurers with little effect on reinsurers, says a ratings agency.

Claims from Hurricane Isaac are beginning to roll in, and the storm is expected to be absorbed by primary insurers with little effect on reinsurers, says a ratings agency.

Ratings agencies agree that Validus Holdings should not see significant negative repercussions from its proposed acquisition of Flagstone Reinsurance Holdings, as statements today indicate Validus ratings will remain unchanged.

Ratings agencies agree that Validus Holdings should not see significant negative repercussions from its proposed acquisition of Flagstone Reinsurance Holdings, as statements today indicate Validus ratings will remain unchanged.

Despite high catastrophes last year, reinsurers began 2012 in solid shape, but the companies benefited from factors that might not be present going forward, and the industry will need renewed focus on underwriting, ratings agencies say.

Reinsurers worldwide had $480 billion in capital available at the end of June, up 5 percent from the end of 2011 as the industry posted smaller disaster losses and charged higher prices in some areas, brokerage Aon Benfield said on Tuesday.

State regulation of the U.S. insurance industry is inefficient and costly, the American Insurance Association says in a new comment letter.

State regulation of the U.S. insurance industry is inefficient and costly, the American Insurance Association says in a new comment letter.