Reinsurance Trends, News, Analysis Presentation from Claude Penland, Actuary

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Year-End 2010 Reinsurance Trends, News, Analysis, Future Considerations, Mergers, Acquisitions, Startups and Wrap Up. See ReinsuranceTrends.com and ClaudePenland.com

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Reinsurance Trends, News, Analysis Presentation from Claude Penland, Actuary

  1. 1. Reinsurance Trends And News, Second Half of 2010 A Presentation by Claude Penland, Associate of the Casualty Actuarial Society www.ReinsuranceTrends.com
  2. 2. Mergers & Acquisitions <ul><li>Atlantic Re Sold to Investor Group by Eastern Insurance http://bit.ly/hWgH60 </li></ul><ul><li>Gerova Merges, Changes Name to Seymour Pierce & Company http://bit.ly/hMbRdv </li></ul><ul><li>Renaissance Re Sells US Insurance Operations to QBE http://bit.ly/aMtTH0 </li></ul><ul><li>Berkshire Hathaway now owns more than 10% of Munich Re http://bit.ly/aUuAdX </li></ul>
  3. 3. M&A, Two <ul><li>ReSource Intermediaries sold to Integro http://bit.ly/ceHvs5 </li></ul><ul><li>Glacier Re sells International Renewal Rights to Endurance http://bit.ly/cMnKNY </li></ul><ul><li>Expect Reinsurance Mergers and Acquisitions, says Montpelier Re CEO http://bit.ly/cSCcja </li></ul><ul><li>Apollo seeks Co-investors or Reinsurers to help with Brit Insurance bid http://bit.ly/brknFM </li></ul>
  4. 4. M&A, Three <ul><li>Apollo sought Co-investors or Reinsurers to help with Brit Insurance bid http://bit.ly/brknFM </li></ul><ul><li>Private Equity investors just not all that into Reinsurance. It’s not you, it’s them. http://bit.ly/i9U7as </li></ul><ul><li>Transamerica Re: private equity firms considering acquiring reinsurer http://bit.ly/96jEww </li></ul><ul><li>Channel Re sold to MBIA http://bit.ly/aR7U6G </li></ul>
  5. 5. Growing / New / Reorg Companies <ul><li>Barbican Managing Agency Ltd. to operate a Lloyd’s syndicate http://bit.ly/h72Cdt </li></ul><ul><li>Kortis Capital to issue longevity-linked insurance linked securities http://bit.ly/etLhFG </li></ul><ul><li>Aon Benfield has a New Life Reinsurance Hub in Asia Pacific http://bit.ly/e2AYfp </li></ul><ul><li>Willis Re Reorganizes, Creates Specialty Casualty Practice Group http://bit.ly/cAo7RH </li></ul>
  6. 6. Growing / New / Reorg Cos., Two <ul><li>Catco Investment Management Formed as a Cat Reinsurance Fund http://bit.ly/aq5mbH </li></ul><ul><li>Steve Roder to launch Reinsurance Company in Hong Kong http://bit.ly/a7TzTR </li></ul><ul><li>African Takaful Reinsurance Company launched in Egypt http://bit.ly/9FEHdb </li></ul><ul><li>Greenlight Capital Re enters Dublin, Ireland http://bit.ly/8X8V9j </li></ul>
  7. 7. Growing / New / Reorg Cos., Three <ul><li>Munich Re now writes more gross premium than Swiss Re http://bit.ly/9YqHu5 </li></ul><ul><li>Alterra Capital Reorganizes Bermuda Unit http://bit.ly/dBsj3e </li></ul><ul><li>TigerRisk reinsurance brokerage might enter London http://bit.ly/a7m4GP </li></ul><ul><li>GEROVA has redomesticated to Bermuda, from the Cayman Islands http://bit.ly/fIE9LD </li></ul>
  8. 8. Growing / New / Reorg Cos., Four <ul><li>Novae Re enters credit and surety reinsurance businesses http://bit.ly/gxvko9 </li></ul><ul><li>Munich Re launches Tokyo branch http://bit.ly/gu9EJe </li></ul><ul><li>China Reinsurance to IPO http://bit.ly/98Qtu9 </li></ul><ul><li>Glacier Re put into runoff http://bit.ly/ayI3KV </li></ul>
  9. 9. Growing / New / Reorg. Cos., Five <ul><li>Atropos has a new European ILS Fund http://bit.ly/fnY5cc </li></ul><ul><li>Secquaero Advisors, ILS inv mgr, enters Australia http://bit.ly/9dh535 </li></ul>
  10. 10. Analysis <ul><li>Reinsurance Association of America Catastrophe Loss Development Study Released http://bit.ly/hVZxK2 </li></ul><ul><li>Should the National Flood Insurance Program be Privatized? http://bit.ly/eWt707 </li></ul><ul><li>ReinsuranceSalarySurvey.com C-Level Compensation Survey http://bit.ly/gkb9i6 </li></ul><ul><li>When You’re Issuing Insurance-Linked Securities, What Should Be Considered? http://bit.ly/9xpJva </li></ul>
  11. 11. Analysis, Two <ul><li>Aon Benfield Partners With Institute of Cat Risk Mgmt and Nanyang Tech in Singapore http://bit.ly/aiUxrF </li></ul><ul><li>Latin American Flood Models Released by Willis Re http://bit.ly/92PpLU </li></ul><ul><li>Aston Business School looks at the convergence in approaches by Bermuda & Lloyd’s firms http://bit.ly/d2iuJ8 </li></ul><ul><li>Reinsurers Have Too Much Capital http://bit.ly/bZszPR </li></ul>
  12. 12. Analysis, Three <ul><li>New Risks and Regulations are changing the Reinsurance Industry http://bit.ly/9g2qeg </li></ul><ul><li>Things are tough all over for Life Reinsurers http://bit.ly/hb9sP7 </li></ul><ul><li>Three Types of Reinsurance Created by US Federal Health Changes http://bit.ly/9Me45P </li></ul><ul><li>China needs a catastrophe pool. Might catastrophe bonds be a good idea? http://bit.ly/bWMpdF </li></ul>
  13. 13. Analysis, Four <ul><li>Large Asbestos judgement for Travelers http://bit.ly/asA5IZ </li></ul><ul><li>“ US government will mess up the catastrophe bond market” ? http://bit.ly/9wi8Tr </li></ul>
  14. 14. Future Considerations <ul><li>Reinsurance Pool in Hong Kong Might be Created for High Risk Health Insurance http://bit.ly/bQcP2x </li></ul><ul><li>The Asian Reinsurance Market: Regulation. Consolidation. Catastrophes. http://bit.ly/akbbDr </li></ul><ul><li>Insurance-Linked Securities Growth Could Be Coming to Canada http://bit.ly/aN5ikA </li></ul><ul><li>US, Bermuda and European Reinsurers divided on Business Strategies http://bit.ly/dd0BL1 </li></ul>
  15. 15. Future Considerations, Two <ul><li>Reinsurance Pricing may weaken quicker than Insurance-Linked Securities http://bit.ly/dcSxNr </li></ul><ul><li>Top Reinsurer Domicile: Who Will Win, Europe or Bermuda? http://bit.ly/bCwmt8 </li></ul><ul><li>Hannover Re says to Solvency II: Bring It On. http://bit.ly/9Zcm1H </li></ul><ul><li>Reinsurance Jobs trend graph, last 5 years http://bit.ly/cZP5hv </li></ul>
  16. 16. Future Considerations, Three <ul><li>The Death of Credit Raters due to Solvency II has been exaggerated. http://bit.ly/9pLFBl </li></ul><ul><li>Variable Annuity Reinsurance Market trends http://bit.ly/9kqba7 </li></ul><ul><li>NTU’s Institute of Catastrophe Risk Management looking to raise $50 million http://bit.ly/9Xs1SM </li></ul>
  17. 17. Wrap Up <ul><li>Florida Lowers Reinsurance Collateral Requirements http://bit.ly/akiNnf </li></ul><ul><li>Guy Carpenter’s CasCat wins Re/Insurance Initiative of the Year http://bit.ly/aJCBhq </li></ul><ul><li>World Crop Reinsurance book published http://bit.ly/aY1zAF </li></ul><ul><li>Video about Investing in Reinsurance and Weather Risk http://bit.ly/9i8R2U </li></ul>
  18. 18. Wrap Up, Two <ul><li>Alex Krutov’s recent Insurance-Linked Securities book, a review http://bit.ly/bCIfbP </li></ul><ul><li>RAA Catastrophe Modeling Conference, February, 2011: So who is going? http://bit.ly/bC2t40 </li></ul><ul><li>See www.ReinsuranceTrends.com and www.ClaudePenland.com for the latest in Reinsurance news and trends </li></ul><ul><li>Thank you! </li></ul>

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