The reinsurance domicile debate is raging once again. Uncertainty over US tax rules and Solvency II is causing a ‘Bermuda drift’ to European centres such as Zurich, which has prime conditions for hub status
Premium growth in the Middle East has continued to climb despite the downturn, with personal lines activity alongside mega-projects in construction, energy and engineering. As the market matures, what opportunities will it bring?
The direct and facultative market is getting softer, but demand is up and capacity cutbacks should prevent a freefall. Senior insurance figures say it will take a sizable loss or a series of significant losses to turn the market