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XPRIMM News NEWS ALERT, September 12th, 2012
September 12th, 2012

img_lead_2650VIDEO: Reinsurance brokers estimate a "soft" season of renewals in 2013
by, 2012-09-12
GUY Carpenter, AON Benfield and WILLIS Re, the leaders of the international reinsurance brokerage market, estimate "soft" reinsurance tariffs for the renewal season next year, according to INSURANCE Insider publication, which quotes the declarations they made during the Meeting in Monte Carlo.

img_lead_2641THIERRY: Profitability in decline for reinsurers
by, 2012-09-12
On the opening of the RVS official press conference held yesterday at Hotel de Paris, Monte Carlo, keynote speaker and Chairman of the RVS Association, Jean Philippe THIERRY has mentioned the major events that have occurred in the past 12 months.

img_lead_2640Europe needs to address the terrorism risk more carefully
by, 2012-09-12
"We have to take into consideration that no market solutions for the terrorism risk exist in Southern Europe apart from Spain, Greece, Italy and Portugal, and in the rest of Europe apart from Hungary, Poland and Denmark. Another important issue is that apart from France (major risks) and Spain no other country makes cession to a pool obligatory", pointed Francois VILLNET, Chairman of APREF, during the RSV official press conference in Monte Carlo.

img_lead_2639VILLNET: Reinsurers went through crisis without any need for recapitalization or State aid
by, 2012-09-12
"The reinsurance industry has suffered many major events which had a strong impact on reinsurers but only in terms of results (Andrew, WTC, Katrina)", stated. Francois VILLNET, Chairman of APREF, during the RSV official press conference in Monte Carlo.

img_lead_2638Worldwide Nat Cat caused losses USD 26 billion in 1H/2012
by, 2012-09-12
2011 will remain in history as one of the most shocking year when it comes to natural catastrophes. New Zealand, Japan, USA, Caribbean and Thailand regions have suffered quakes, tsunamis, floods and hurricanes, costing more than USD 380 billion in economic costs and more than USD 105 billion in insured losses, it was revealed at the RVS press conference in Monte Carlo.

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