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Reactions - Financial Intelligence for the Global Insurance Market

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  • Axa to appeal Air France compensation

    15 March 2010

    Axa, France’s largest insurer, said Friday that it will appeal a Brazilian court's ruling that it must pay $1.16m in compensation to the family of a victim of last year’s Air France disaster, Reuters reports. More »

  • Chile quake costliest to hit Latin America

    15 March 2010

    If the insured losses from the magnitude 8.8 earthquake that struck Chile last month come in at between $3bn and $5bn, it will be the most expensive insured event to ever hit Latin America, Cooper Gay has said. More »

  • AIG to pay out $46m in bonuses

    15 March 2010

    American International Group will offer about $46m in bonuses to the former employees of its derivatives trading unit. More »

  • Japan’s NKSJ eyes local, overseas takeovers

    15 March 2010

    Tokyo-based NKSJ Holdings is seeking to boost its profits through domestic and overseas acquisitions. More »

  • Lincoln National hikes CEO pay by 50%

    15 March 2010

    Philadelphia-based Lincoln National has more than doubled the salary of CEO, Dennis Glass. More »

  • RenaissanceRe unit to sell $250m notes

    15 March 2010

    RenRe North America Holdings will issue $250m of senior notes in an underwritten public offering. The notes, maturing in 2020, will offer a coupon of 5.750% and are backed by parent, RenaissanceRe Holdings. More »

  • Swiss Re nominates SNB chairman to board

    15 March 2010

    Swiss Re has nominated Jean-Pierre Roth as non-executive member of the board of directors. Previously, he was working as chairman of the governing board of the Swiss National Bank (SNB). More »

  • 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 »

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

  • AIG to pay out $46m in bonuses

    15 March 2010

    American International Group will offer about $46m in bonuses to the former employees of its derivatives trading unit.

Casualty/liability

Bermuda

  • RenaissanceRe unit to sell $250m notes

    15 March 2010

    RenRe North America Holdings will issue $250m of senior notes in an underwritten public offering. The notes, maturing in 2020, will offer a coupon of 5.750% and are backed by parent, RenaissanceRe Holdings.

Property-catastrophe

  • Chile quake costliest to hit Latin America

    15 March 2010

    If the insured losses from the magnitude 8.8 earthquake that struck Chile last month come in at between $3bn and $5bn, it will be the most expensive insured event to ever hit Latin America, Cooper Gay has said.

Europe

  • Axa to appeal Air France compensation

    15 March 2010

    Axa, France’s largest insurer, said Friday that it will appeal a Brazilian court's ruling that it must pay $1.16m in compensation to the family of a victim of last year’s Air France disaster, Reuters reports.

Financial management

  • AIG to pay out $46m in bonuses

    15 March 2010

    American International Group will offer about $46m in bonuses to the former employees of its derivatives trading unit.

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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  • Reactions

    Reactions is the leading financial intelligence for the global insurance and reinsurance markets. [more]

  • Global Reinsurance Highlights 2008

    Reinsurance Highlights is a benchmark publication, analysing market trends and clearly displaying the financial position of the leading reinsurers, comparing them in an open and unbiased forum. [more]

  • CEO Risk Forum Supplement

    This inaugural edition contains unedited articles from insurance CEO's. It assesses the different forms of risk affecting the insurance industry and analyses the burning Risk and Capital Management issues. [more]

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  • The Brazilian Reinsurance Conference 2010

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

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

  3. The February 2010 issue of Reactions

  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
30%
Yes, but it is a bad idea
3%
No, but it is a good idea
42%
No, and it is a bad idea
21%
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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