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U.S. property & casualty insurers profits tumble in 2011 as catastrophes bite

Figures released by the Insurance Services Office (ISO) and the Property Casualty Insurers Association of America (PCI) clearly show the impact that the severe weather and catastrophes during the first half of 2011 have had on their balance sheets. On average it shows that their net income fell by over read the full article →

Insurers could turn to catastrophe bonds if reinsurance rates rise significantly at January renewals

The subject of reinsurance rates and whether they will rise at the 1st January renewals has been a hot topic all year with many reinsurers expecting increases and many brokers attempting to get the best prices possible for their clients. Events during 2011 such as the New Zealand earthquakes, Japanese read the full article →