National Underwriter Property & Casualty-March 21, 2011

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  • 2010 Reserve Takedowns Cushion $3.5B Cat-Loss Hit To Bermuda Reinsurers

    Susanne Sclafane

    While roughly 11.0 points of catastrophe losses hit the combined ratios of Bermuda insurers and reinsurers in 2010, they still managed to report nearly 9.0 points of underwriting profit. Favorable loss reserve development from prior years helped soften the blow according to an NU data analysis.

  • Japan Rocked By 9.0 Quake; Will It Change The Market?

    Chad Hemenway, Mark E. Ruquet, Susanne Sclafane, Phil Gusman

    In the wake of a magnitude 9.0 earthquake that struck Japan on March 11, with insured-loss estimates reaching as high as $35 billion, analysts and rating agencies fell on either side of the debate about whether the event will cause a turn in the long-running soft-market cycle.

  • Strategic Planning For The New Normal

    John Gradowski, Anthony Latini

    Having a strategic plan that goes beyond defending a balance sheet and avoiding risk is essential to surviving the new normal economy, according to Consultant John Gradowski and Investment Banker Anthony Latini.

  • MBIA Split Panned By Four Former N.Y. Regulators

    Mark E. Ruquet

    Banks fighting the split of MBIA Insurance Corp. into two companies said they submitted affidavits from four former New York insurance superintendents stating that the N.Y. State Insurance Dept. violated its duty by allowing the insurer to make the move.

  • Model Revisions & Reinsurance Pricing

    Chad Hemenway

    Recent revision to a cat model could result in double loss indications for some portfolios. But reinsurers may be able to absorb the model changes without huge increases because they already thought the models were coming in low.

  • Covering The Quake

    Bryant Rousseau

    As someone who lived in Japan for two years—and who experienced the Kobe earthquake firsthand—the devastating disaster that struck the country hit me hard from a personal standpoint.

  • M&A Activity In P&C Space Picked Up In 2010

    Mark E. Ruquet

    Merger and acquisition activity for property and casualty insurers, agents and brokers heated up in 2010, as insurers sought to improve their strategic standing within the industry, according to a report from Conning Research & Consulting.

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