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In this issue

News Analysis

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Neal Bill: rumble of the jumbos

September 2010

The elephantine battle between US insurance companies wanting to close the ‘Bermuda loophole’ and reinsurers fearing an unfair tax could drastically affect the American consumer

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IASB: start planning now

September 2010

The IASB’s proposed new accounting standards aim for improved consistency and transparency. However, we should expect more volatility in insurers’ results, and the market will need time to adjust to the changes to income statements

News Agenda

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Behind the curtain

September 2010

Criticised for failing to predict the banking crisis and for the simplicity of their financial strength models, has the illusion of power wielded by the rating agencies finally been broken?

People & Opinion

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Measuring up the metrics

September 2010

The PML concept is a fundamentally flawed approach to catastrophe risk management, argues Karen Clark, pointing to a lack of scientific data and an inability to adapt to large, complex organisations. So what measure should be used to assess...

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Up the ladder

September 2010

Cooper Gay's Toby Esser on how he got to where he is today

Profile

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Don’t panic

September 2010

He may have a tough act to follow, but incoming PartnerRe boss Costas Miranthis isn’t sweating it. Taking time out from a well-deserved holiday, he talks about staying calm and cautious – after all, even small steps can lead to new directions

Cedants

Conor FInn of Barbican

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'Don't treat us like just another cedant'

September 2010

With plenty of capacity and a continuing soft market, the 1 January renewals should hold no surprises. But, talking to cedants in the run-up to Monte Carlo, we discover that meeting the needs of reinsurance buyers is about more than just...

Lines & Risks

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The shipping forecast

September 2010

Marine rates threaten to plummet to new lows as a result of overcapacity and a lack of major losses. We navigate the stormy seas of today’s market

Claims

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Uncharted waters

September 2010

The increasing frequency and severity of floods mean that more people want insurance cover. However, the risks and costs are soaring. Will companies rise to the challenge?

Country Focus

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Game on

September 2010

The global financial crisis barely registered on Brazil’s radar and now, as the country invests in a sporting future, opportunities abound for reinsurers

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