News – Page 262
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PartnerRe Q1 profits down
Chief executive points to ‘challenging’ reinsurance market conditions
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Bosphorus Re cat bond upsized to $400m
Turkish cat pool’s first cat bond covers Istanbul quake losses
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Analysis
How reinsurance convergence became a reality
Traditional reinsurers are offering collaterised reinsurance and retro protection through sidecars
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Abu Dhabi plans financial zone to take on Dubai and Qatar
Oil-rich emirate hopes to attract international financial institutions
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Swiss Re to expand in Latin America
Will boost market share to 20% to 25% over the next two years
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AIG quartet leave for Berkshire
Includes Peter Eastwood, chief executive of AIG’s US property casualty business
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Guy Carpenter Securities hires new MD
Stephen Mathews joins from Willis Capital Markets & Advisory
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ECJ premium tax ruling a 'burden' for European insurers
Means additional costs as insurers prepare for Solvency II
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Kuwait Re off negative outlook
Reflects the reinsurer’s improved technical performance – AM Best
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Validus achieves record Q1 results
Premiums boosted by agricultural reinsurance and Flagstone business
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SCOR P&C premiums up 6% at 1 April
The premiums up for renewal represented about 10% of the total annual volume of treaty premiums
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Montpelier Re boasts combined ratio of 62% in Q1
Share buybacks demonstrate active capital management
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Limited impact on Chinese insurers from Sichuan Quake
Fitch: 295 claim cases reported as of 21 April according to the Chinese regulator
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Everest Re enjoys 'record quarter'
Credits benign cat environment and rising (re)insurance rates
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Captive owners continue drive to onshore domiciles - Marsh
Some 55% of captives now onshore versus 45% offshore
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Hannover Re buys $1.5bn of UK longevity risk
Reinsurer took on $3bn of longevity risk from Legal & General in February
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Swiss Re in LatAm quake modelling collaboration
Project has a particular focus on Lima, Peru and Quito, Ecuador
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South Africa postpones solvency regime
Delay to January 2016 provides ‘breathing space’ - AM Best