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Presentation Transcript

Reinsurance Trends

And News,

Second Half of 2010

A Presentation by

Claude Penland, Associate of the

Casualty Actuarial Society

mergers acquisitions
Mergers & Acquisitions
  • Atlantic Re Sold to Investor Group by Eastern Insurance
  • Gerova Merges, Changes Name to Seymour Pierce & Company
  • Renaissance Re Sells US Insurance Operations to QBE
  • Berkshire Hathaway now owns more than 10% of Munich Re
m a two
M&A, Two
  • ReSource Intermediaries sold to Integro
  • Glacier Re sells International Renewal Rights to Endurance
  • Expect Reinsurance Mergers and Acquisitions, says Montpelier Re CEO
  • Apollo seeks Co-investors or Reinsurers to help with Brit Insurance bid
m a three
M&A, Three
  • Apollo sought Co-investors or Reinsurers to help with Brit Insurance bid
  • Private Equity investors just not all that into Reinsurance. It’s not you, it’s them.
  • Transamerica Re: private equity firms considering acquiring reinsurer
  • Channel Re sold to MBIA
growing new reorg companies
Growing / New / Reorg Companies
  • Barbican Managing Agency Ltd. to operate a Lloyd’s syndicate
  • Kortis Capital to issue longevity-linked insurance linked securities
  • Aon Benfield has a New Life Reinsurance Hub in Asia Pacific
  • Willis Re Reorganizes, Creates Specialty Casualty Practice Group
growing new reorg cos two
Growing / New / Reorg Cos., Two
  • Catco Investment Management Formed as a Cat Reinsurance Fund
  • Steve Roder to launch Reinsurance Company in Hong Kong
  • African Takaful Reinsurance Company launched in Egypt
  • Greenlight Capital Re enters Dublin, Ireland
growing new reorg cos three
Growing / New / Reorg Cos., Three
  • Munich Re now writes more gross premium than Swiss Re
  • Alterra Capital Reorganizes Bermuda Unit
  • TigerRisk reinsurance brokerage might enter London
  • GEROVA has redomesticated to Bermuda, from the Cayman Islands
growing new reorg cos four
Growing / New / Reorg Cos., Four
  • Novae Re enters credit and surety reinsurance businesses
  • Munich Re launches Tokyo branch
  • China Reinsurance to IPO
  • Glacier Re put into runoff
growing new reorg cos five
Growing / New / Reorg. Cos., Five
  • Atropos has a new European ILS Fund
  • Secquaero Advisors, ILS inv mgr, enters Australia
  • Reinsurance Association of America Catastrophe Loss Development Study Released
  • Should the National Flood Insurance Program be Privatized?
  • C-Level Compensation Survey
  • When You’re Issuing Insurance-Linked Securities, What Should Be Considered?
analysis two
Analysis, Two
  • Aon Benfield Partners With Institute of Cat Risk Mgmt and Nanyang Tech in Singapore
  • Latin American Flood Models Released by Willis Re
  • Aston Business School looks at the convergence in approaches by Bermuda & Lloyd’s firms
  • Reinsurers Have Too Much Capital
analysis three
Analysis, Three
  • New Risks and Regulations are changing the Reinsurance Industry
  • Things are tough all over for Life Reinsurers
  • Three Types of Reinsurance Created by US Federal Health Changes
  • China needs a catastrophe pool. Might catastrophe bonds be a good idea?
analysis four
Analysis, Four
  • Large Asbestos judgement for Travelers
  • “US government will mess up the catastrophe bond market” ?
future considerations
Future Considerations
  • Reinsurance Pool in Hong Kong Might be Created for High Risk Health Insurance
  • The Asian Reinsurance Market: Regulation. Consolidation. Catastrophes.
  • Insurance-Linked Securities Growth Could Be Coming to Canada
  • US, Bermuda and European Reinsurers divided on Business Strategies
future considerations two
Future Considerations, Two
  • Reinsurance Pricing may weaken quicker than Insurance-Linked Securities
  • Top Reinsurer Domicile: Who Will Win, Europe or Bermuda?
  • Hannover Re says to Solvency II: Bring It On.
  • Reinsurance Jobs trend graph, last 5 years
future considerations three
Future Considerations, Three
  • The Death of Credit Raters due to Solvency II has been exaggerated.
  • Variable Annuity Reinsurance Market trends
  • NTU’s Institute of Catastrophe Risk Management looking to raise $50 million
wrap up
Wrap Up
  • Florida Lowers Reinsurance Collateral Requirements
  • Guy Carpenter’s CasCat wins Re/Insurance Initiative of the Year
  • World Crop Reinsurance book published
  • Video about Investing in Reinsurance and Weather Risk
wrap up two
Wrap Up, Two
  • Alex Krutov’s recent Insurance-Linked Securities book, a review
  • RAA Catastrophe Modeling Conference, February, 2011: So who is going?
  • See and for the latest in Reinsurance news and trends
  • Thank you!