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  • Reinsurers will be reviewing their risk pricing daily within the next few years as the market becomes more of a trading market, RMS head of research Robert Muir-Wood predicts.
  • Hurricane Isaac was a credit negative event for the Combine Re cat bond, ratings agency Moody's said, as losses from the storm are likely to erode more of the aggregate bond's deductible
  • Eskatos Capital Management chairman Alberto Minali will stand down from the company from 1 October following his appointment to the role of group chief financial officer at Generali.
  • Credit Suisse Asset Management no longer expects Hurricane Isaac to have any impact to the portfolio of the listed DCG Iris fund.
  • The forthright public clashes on reinsurance rates between carriers and brokers seen previously at Monte Carlo are not evident this year, but the two sides have quietly pushed different views on the balance between upwards and downwards pricing pressures
  • Capital market providers are largely creating new reinsurance demand rather than carving out capacity from the traditional market, Nephila Capital co-founder Frank Majors said at an ILS panel hosted by Munich Re at the Monte Carlo Rendez-Vous today.
  • Moody's sees increased capital markets competition as a ratings negative for the reinsurance sector, although it can be leveraged to benefit companies that embrace the change, senior credit officer Kevin Lee said.
  • Capital market reinsurance needs to develop so that it is "a bit more 3D", said Towers Watson Capital Markets CEO Martin Davies, as the firm announced the launch of a new database of casualty tort information
  • Reinsurers will grow their role in the funds management business as they respond to demand from an increasingly stable capital market investor base, Aon Benfield said at a press briefing held on the opening day of the Monte Carlo Rendez-Vous today.
  • The reinsurance market has come of age and has fully integrated traditional and capital markets capacity, Guy Carpenter vice chairman David Priebe said as the 2012 Monte Carlo Rendez-Vous prepares to open tomorrow morning.