2010 Year-End Reinsurance Trends and News from ReinsuranceTrends.com

Slide 1: 

Reinsurance Trends And News, Second Half of 2010 A Presentation by Claude Penland, Associate of the Casualty Actuarial Society www.ReinsuranceTrends.com

Mergers & Acquisitions : 

Mergers & Acquisitions Atlantic Re Sold to Investor Group by Eastern Insurance http://bit.ly/hWgH60 Gerova Merges, Changes Name to Seymour Pierce & Company http://bit.ly/hMbRdv Renaissance Re Sells US Insurance Operations to QBE http://bit.ly/aMtTH0 Berkshire Hathaway now owns more than 10% of Munich Re http://bit.ly/aUuAdX

M&A, Two : 

M&A, Two ReSource Intermediaries sold to Integro http://bit.ly/ceHvs5 Glacier Re sells International Renewal Rights to Endurance http://bit.ly/cMnKNY Expect Reinsurance Mergers and Acquisitions, says Montpelier Re CEO http://bit.ly/cSCcja Apollo seeks Co-investors or Reinsurers to help with Brit Insurance bid http://bit.ly/brknFM

M&A, Three : 

M&A, Three Apollo sought Co-investors or Reinsurers to help with Brit Insurance bid http://bit.ly/brknFM Private Equity investors just not all that into Reinsurance. It’s not you, it’s them. http://bit.ly/i9U7as Transamerica Re: private equity firms considering acquiring reinsurer http://bit.ly/96jEww Channel Re sold to MBIA http://bit.ly/aR7U6G

Growing / New / Reorg Companies : 

Growing / New / Reorg Companies Barbican Managing Agency Ltd. to operate a Lloyd’s syndicate http://bit.ly/h72Cdt Kortis Capital to issue longevity-linked insurance linked securities http://bit.ly/etLhFG Aon Benfield has a New Life Reinsurance Hub in Asia Pacific http://bit.ly/e2AYfp Willis Re Reorganizes, Creates Specialty Casualty Practice Group http://bit.ly/cAo7RH

Growing / New / Reorg Cos., Two : 

Growing / New / Reorg Cos., Two Catco Investment Management Formed as a Cat Reinsurance Fund http://bit.ly/aq5mbH Steve Roder to launch Reinsurance Company in Hong Kong http://bit.ly/a7TzTR African Takaful Reinsurance Company launched in Egypt http://bit.ly/9FEHdb Greenlight Capital Re enters Dublin, Ireland http://bit.ly/8X8V9j

Growing / New / Reorg Cos., Three : 

Growing / New / Reorg Cos., Three Munich Re now writes more gross premium than Swiss Re http://bit.ly/9YqHu5 Alterra Capital Reorganizes Bermuda Unit http://bit.ly/dBsj3e TigerRisk reinsurance brokerage might enter London http://bit.ly/a7m4GP GEROVA has redomesticated to Bermuda, from the Cayman Islands http://bit.ly/fIE9LD

Growing / New / Reorg Cos., Four : 

Growing / New / Reorg Cos., Four Novae Re enters credit and surety reinsurance businesses http://bit.ly/gxvko9 Munich Re launches Tokyo branch http://bit.ly/gu9EJe China Reinsurance to IPO http://bit.ly/98Qtu9 Glacier Re put into runoff http://bit.ly/ayI3KV

Growing / New / Reorg. Cos., Five : 

Growing / New / Reorg. Cos., Five Atropos has a new European ILS Fund http://bit.ly/fnY5cc Secquaero Advisors, ILS inv mgr, enters Australia http://bit.ly/9dh535

Analysis : 

Analysis Reinsurance Association of America Catastrophe Loss Development Study Released http://bit.ly/hVZxK2 Should the National Flood Insurance Program be Privatized? http://bit.ly/eWt707 ReinsuranceSalarySurvey.com C-Level Compensation Survey http://bit.ly/gkb9i6 When You’re Issuing Insurance-Linked Securities, What Should Be Considered? http://bit.ly/9xpJva

Analysis, Two : 

Analysis, Two Aon Benfield Partners With Institute of Cat Risk Mgmt and Nanyang Tech in Singapore http://bit.ly/aiUxrF Latin American Flood Models Released by Willis Re http://bit.ly/92PpLU Aston Business School looks at the convergence in approaches by Bermuda & Lloyd’s firms http://bit.ly/d2iuJ8 Reinsurers Have Too Much Capital http://bit.ly/bZszPR

Analysis, Three : 

Analysis, Three New Risks and Regulations are changing the Reinsurance Industry http://bit.ly/9g2qeg Things are tough all over for Life Reinsurers http://bit.ly/hb9sP7 Three Types of Reinsurance Created by US Federal Health Changes http://bit.ly/9Me45P China needs a catastrophe pool. Might catastrophe bonds be a good idea? http://bit.ly/bWMpdF

Analysis, Four : 

Analysis, Four Large Asbestos judgement for Travelers http://bit.ly/asA5IZ “US government will mess up the catastrophe bond market” ? http://bit.ly/9wi8Tr

Future Considerations : 

Future Considerations Reinsurance Pool in Hong Kong Might be Created for High Risk Health Insurance http://bit.ly/bQcP2x The Asian Reinsurance Market: Regulation. Consolidation. Catastrophes. http://bit.ly/akbbDr Insurance-Linked Securities Growth Could Be Coming to Canada http://bit.ly/aN5ikA US, Bermuda and European Reinsurers divided on Business Strategies http://bit.ly/dd0BL1

Future Considerations, Two : 

Future Considerations, Two Reinsurance Pricing may weaken quicker than Insurance-Linked Securities http://bit.ly/dcSxNr Top Reinsurer Domicile: Who Will Win, Europe or Bermuda? http://bit.ly/bCwmt8 Hannover Re says to Solvency II: Bring It On. http://bit.ly/9Zcm1H Reinsurance Jobs trend graph, last 5 years http://bit.ly/cZP5hv

Future Considerations, Three : 

Future Considerations, Three The Death of Credit Raters due to Solvency II has been exaggerated. http://bit.ly/9pLFBl Variable Annuity Reinsurance Market trends http://bit.ly/9kqba7 NTU’s Institute of Catastrophe Risk Management looking to raise $50 million http://bit.ly/9Xs1SM

Wrap Up : 

Wrap Up Florida Lowers Reinsurance Collateral Requirements http://bit.ly/akiNnf Guy Carpenter’s CasCat wins Re/Insurance Initiative of the Year http://bit.ly/aJCBhq World Crop Reinsurance book published http://bit.ly/aY1zAF Video about Investing in Reinsurance and Weather Risk http://bit.ly/9i8R2U

Wrap Up, Two : 

Wrap Up, Two Alex Krutov’s recent Insurance-Linked Securities book, a review http://bit.ly/bCIfbP RAA Catastrophe Modeling Conference, February, 2011: So who is going? http://bit.ly/bC2t40 See www.ReinsuranceTrends.com and www.ClaudePenland.com for the latest in Reinsurance news and trends Thank you!