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Reactions - Financial Intelligence for the Global Insurance Market

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  • Kramer stands down as CEO of Ariel Holdings

    12 March 2010

    Don Kramer has stood down as CEO of Ariel Holdings. More »

  • Insurance buyers worried about Solvency II

    12 March 2010

    The Federation of European Risk Management Associations (Ferma) has voiced concerns about the effect Solvency II and capital requirements put forward by the Committee of European Insurance and Occupational Pensions Supervisors will have. More »

  • Overhaul of Omega board approved

    12 March 2010

    Lloyd's insurer Omega Insurance Holdings has published the results of the proxy vote on a board revamp at a special general meeting held today. More »

  • Quake and windstorm could cost Validus $300m

    12 March 2010

    Validus Holdings, the Bermuda based provider of reinsurance and insurance, today provided an initial estimate of losses from the recent Chilean earthquake and European windstorm Xynthia. More »

  • Scor estimates Eu157m QI cat cost

    12 March 2010

    French reinsurer Scor expects costs related to the recent earthquakes Chile to amount to about Eu95m ($130.7m) net pre-tax. More »

  • Cold UK winter to cost insurers £650m

    12 March 2010

    Insurers paid out £650m ($980m) in dealing with 335,000 claims from customers who suffered damage to their homes, businesses and vehicles in the coldest winter for thirty years, according to the ABI. More »

  • Max Capital and Harbor Point CEOs on merger

    12 March 2010

    The merger of Bermudian firms Max Capital Group and Harbor Point has been termed a merger of equals. Reactions spoke to the CEO’s of the two companies and an analyst to get the perspective from all sides on what the future holds for the combined company Alterra Capital Holdings. More »

  • 9/11 captive makes $657m settlement

    12 March 2010

    The WTC Captive Insurance Company has announced a settlement with attorneys for more than 10,000 plaintiffs claiming injuries related to the rescue, recovery and debris removal operations following the September 11 2001 terrorist attacks. More »

  • Flagstone Re expects $50m quake exposure

    12 March 2010

    Flagstone Reinsurance Holdings, the global reinsurance and insurance company, has announced its preliminary estimate of claims relating to its exposure to the earthquake in Chile is $50m net of reinstatement premiums and retrocession. More »

  • AIG Nan San resolution pushed back to June

    12 March 2010

    The stalled sale of American International Group’s (AIG) Taiwan life unit may not be resolved until June amid concerns over funding, Reuters has reported More »

  • Fed to bear MetLife’s Alico deal losses

    12 March 2010

    The Federal Reserve Bank of New York and AIG have agreed to take on $450m in losses as part of the sale of American Life Insurance Company (Alico) to MetLife. More »

  • IAG lowers 2010 margin outlook

    12 March 2010

    Insurance Australia Group (IAG) has slashed its 2010 insurance margin outlook to between 10.5% and 12% amid a rise in weather claims. More »

  • Norway’s Gjensidige plans IPO in H2

    12 March 2010

    Norway’s Gjensidige is looking to unveil an initial public offering in the second half of 2010. More »

  • Russia to toughen insurance rules

    12 March 2010

    Russia will tighten its licensing and merger regulations for the insurance industry, Reuters reports. Companies will be required to inform the regulator while buying up to 1% of an insurer. More »

  • Chartis appoints Euro CEO for Solvency II prep

    11 March 2010

    US insurer Chartis has announced Alexander Baugh will assume the newly created position of president and CEO of Chartis Europe Holdings. More »

Reactions from the global insurance market

News analysis, features and opinion

  • ANALYSIS: Benmosche confident AIG will make it following AIA and Alico deals

    10 March 2010

    With the news that AIG is selling Alico to MetLife and AIA to Prudential, Reactions assesses how far AIG still has to go to pay off its debts to the US government.

  • Economic uncertainty strengthens fac offering

    08 March 2010

    Fac players are bullish about their business offering in the uncertain economic climate. But with fierce competition among brokers and softening rates there the picture is not as rosy as it may seem.

  • Interview: Cash confident of Endurance growth

    09 March 2010

    Endurance's new CEO will be looking to continue the work done under eight years of Ken LeStrange's leadership but won't be afraid to make big changes if necessary, he tells Reactions in an exclusive interview.

  • More premiums to stay in Asia: John Tan

    05 March 2010

    Asia’s reinsurance markets have weathered the global economic turmoil and a greater share of premiums is set to stay in the region, says the CEO of Asia Capital Reinsurance Group.

  • AIG’s $9bn Q4 loss not as bad as it seems

    26 February 2010

    US insurer American International Group (AIG) has reported a fourth-quarter loss of $8.9bn and warned that it may need more support from the US government.

  • The future for contingent commissions

    22 February 2010

    With Aon, Marsh and Willis now able to accept contingent commissions again, the market is abuzz with questions about which of them will accept the controversial payments, how much business this could bring and what buyers’ reaction will be.

  • The February 2010 issue of Reactions

    18 February 2010

    The February 2010 issue of Reactions is now online. Click through to read a selection of articles from the issue.

Latest News by Sector

North America

  • 9/11 captive makes $657m settlement

    12 March 2010

    The WTC Captive Insurance Company has announced a settlement with attorneys for more than 10,000 plaintiffs claiming injuries related to the rescue, recovery and debris removal operations following the September 11 2001 terrorist attacks.

Casualty/liability

Bermuda

  • Flagstone Re expects $50m quake exposure

    12 March 2010

    Flagstone Reinsurance Holdings, the global reinsurance and insurance company, has announced its preliminary estimate of claims relating to its exposure to the earthquake in Chile is $50m net of reinstatement premiums and retrocession.

Property-catastrophe

  • Cold UK winter to cost insurers £650m

    12 March 2010

    Insurers paid out £650m ($980m) in dealing with 335,000 claims from customers who suffered damage to their homes, businesses and vehicles in the coldest winter for thirty years, according to the ABI.

Europe

  • Insurance buyers worried about Solvency II

    12 March 2010

    The Federation of European Risk Management Associations (Ferma) has voiced concerns about the effect Solvency II and capital requirements put forward by the Committee of European Insurance and Occupational Pensions Supervisors will have.

Financial management

Lloyd's and London Market

  • Cold UK winter to cost insurers £650m

    12 March 2010

    Insurers paid out £650m ($980m) in dealing with 335,000 claims from customers who suffered damage to their homes, businesses and vehicles in the coldest winter for thirty years, according to the ABI.

Legal and regulation

  • Insurance buyers worried about Solvency II

    12 March 2010

    The Federation of European Risk Management Associations (Ferma) has voiced concerns about the effect Solvency II and capital requirements put forward by the Committee of European Insurance and Occupational Pensions Supervisors will have.

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  1. Third part of Reactions' CRO Risk Forum now online

  2. The February 2010 issue of Reactions

  3. Second part of Reactions' CRO Risk Forum now online

  4. AIG’s $9bn Q4 loss not as bad as it seems

  5. Insurance issues from Toyota recall likely small: Hartwig

Poll

Do you believe efforts to set up a New York Insurance Exchange by the state's insurance department will succeed?

Yes, and it is a good idea
31%
Yes, but it is a bad idea
3%
No, but it is a good idea
44%
No, and it is a bad idea
19%
Not sure
3%

Quote

We want CEOs talking directly to policymakers with the ability to take strong positions on issues as they arise. The reinsurance industry is perceived as being not well known by the main policymakers.

Denis Kessler, CEO of Scor


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