Monthly Archives: September 2013

Aon Benfield records ‘unprecedented demand’ for cat bonds

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In its review of cat bond activity during the second quarter of 2013, Aon Benfield Securities cited the closing of thirteen cat bonds, while sounding a note of optimism in general for this form of alternative investment. According to the reinsurance...

News Review | 30 September 2013

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Swiss Re released estimates of its claims burden from this summer’s hailstorms in Germany to be approximately $240m. The reinsurer said it based its estimate on industry-wide insured losses between $2b and $2.7 bn. Unusually strong hailstorms throughout...

Aon Benfield predicts $100bn to enter reinsurance sector by 2018

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Looking ahead to the post-convergence space, Aon Benfield’s latest report on the reinsurance industry outlines a number of significant changes expected to unfold over the next five years. These changes, according to the report, entitled ‘Post-Convergence:...

News Review | 23 September 2013

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Broker Jardine Lloyd Thompson Group (JLT) announced it will acquire the reinsurance brokerage business of Towers Watson for $250m. The deal will more than double the size of JLT’s reinsurance business. Once completed, the merger of the two companies’...

Lloyd’s Chairman addresses future of reinsurance

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Speaking in front of a large crowd at the Lloyd’s City Dinner earlier this month, chairman John Nelson addressed the current state of the company in its milestone 325th year, as well as the convergence of the insurance, reinsurance and investment...

News Review | 16 September 2013

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Monte Carlo: that time of year again The week was dominated by the 57th Reinsurance Rendezvous in Monte Carlo, with discussion centering on alternative capital. Speaking before the event, Lloyd’s chairman John Nelson warned of the potential for...