BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Bermuda Readies Itself for New Insurance Regulation in Europe]]>http://www.bloggingstocks.com/2010/03/22/bermuda-readies-itself-for-insurance-reg-in-europe/http://www.bloggingstocks.com/2010/03/22/bermuda-readies-itself-for-insurance-reg-in-europe/http://www.bloggingstocks.com/2010/03/22/bermuda-readies-itself-for-insurance-reg-in-europe/#commentsFiled under: ,

Bermuda is angling to pick up props from European regulators. There's plenty at stake - namely, the huge insurance and reinsurance presence on the island. If the Bermuda Monetary Authority can demonstrate its oversight chops, the industry won't need to seek greener pastures when Solvency II, a new insurance regulatory measure, takes effect. Changes to capital and supervision rules in Europe, particularly with Solvency II in the works, could affect companies like Axis (AXS), Catlin (CLNGF), Flagstone Re (FSR), RenaissanRe (RNR) and XL Insurance (XL).

So, what's on the table? Well, gross written premium hit $104 billion in Bermuda last year. If you use Lloyd's of London as a reference point, Bermuda is four times larger. Though the U.S. leads in throwing business to insurers in Bermuda, Europe isn't far behind in second. This is why Bermuda is thinking about Solvency II. Even though the directive only applies directly to European carriers, secondary effects will be evident around the world.

Continue reading Bermuda Readies Itself for New Insurance Regulation in Europe

Bermuda Readies Itself for New Insurance Regulation in Europe originally appeared on BloggingStocks on Mon, 22 Mar 2010 16:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>axisBermudainsuranceinsurance companiesinsurance industryinthenewsregulateregulationregulationsregulatorRegulatorsregulatoryReinsurancereinsurance industryreinsurersolvencySolvency IIMon, 22 Mar 2010 16:00:00 EST<![CDATA[Reinsurance Rates Off up to 15% for January Renewal]]>http://www.bloggingstocks.com/2009/12/31/reinsurance-rates-off-up-to-15-for-january-renewal/http://www.bloggingstocks.com/2009/12/31/reinsurance-rates-off-up-to-15-for-january-renewal/http://www.bloggingstocks.com/2009/12/31/reinsurance-rates-off-up-to-15-for-january-renewal/#commentsFiled under:

The most important time in the reinsurance business is upon us: the January renewal. The pricing and market conditions that shape the risk-transfer prices paid by insurance companies now set the tone for the transactions to follow for the rest of the year (usually at the beginnings of April, June and July), and 2010 looks like it will provide a drastic departure from 2009. After enduring both the global financial crisis and Hurricanes Gustav and Ike in late 2008, the reinsurance industry recovered quickly, and as the 2010 renewal approached, it was evident that reinsurance rates would decline.

According to Aon Benfield's (AON) report on the Jan. 1, 2010 reinsurance renewal, Remarkable Recovery, increases on reinsurance company balance sheets from the March 2009 lows - in conjunction with low catastrophe insurance losses - put downward pressure on reinsurance rates, with property-catastrophe coverage costing 5% to 15% less than it did a year earlier.

Continue reading Reinsurance Rates Off up to 15% for January Renewal

Reinsurance Rates Off up to 15% for January Renewal originally appeared on BloggingStocks on Thu, 31 Dec 2009 10:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>aocAonAonCorpinsuranceinsurance companiesinsurance industryInsuranceCompaniesInsuranceIndustryinthenewsReinsurancereinsurance industryReinsuranceIndustryreinsurerThu, 31 Dec 2009 10:00:00 EST<![CDATA[Swiss Reinsurance quarterly profit plunges 87% on deep write-downs]]>http://www.bloggingstocks.com/2008/02/29/swiss-reinsurance-quarterly-profit-plunges-87-on-deep-write-dow/http://www.bloggingstocks.com/2008/02/29/swiss-reinsurance-quarterly-profit-plunges-87-on-deep-write-dow/http://www.bloggingstocks.com/2008/02/29/swiss-reinsurance-quarterly-profit-plunges-87-on-deep-write-dow/#commentsFiled under: , , , ,

It is shaping up to be another tough day for the market as traders continue to express concerns over a possible recession, disappointing earnings numbers, surging crude oil prices and persistent weakness for the U.S. dollar. However, not all the companies are joining the general market anxiety, and Swiss Re made strong gains, trading up 4.9% in the Zurich exchange, despite a plunge of 87% in its fourth-quarter net profit as investors were encouraged by its positive earnings outlook.

The world's largest reinsurer announced that its quarterly profit had dropped to 170 million Swiss francs ($161.7 million), dragged down by higher write-downs related to bad loans. Its profit numbers were down from 1.3 billion reported in the same period a year ago.

Continue reading Swiss Reinsurance quarterly profit plunges 87% on deep write-downs

Swiss Reinsurance quarterly profit plunges 87% on deep write-downs originally appeared on BloggingStocks on Fri, 29 Feb 2008 13:21:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>credit default swapCreditDefaultSwapearningsforecastreinsurerSwiss ReSwiss ReinsuranceSwissReSwissReinsurancewrite-downsFri, 29 Feb 2008 13:21:00 EST