Response: Stop - loss and
reinsurers do not meet the statutory definition of health plan.
PS — the better managed, less levered insurers /
reinsurers do tend to do relatively better out of big crises, because they will have the capital to write the juicier business in the next year...
But the prices of
the reinsurers did not fall because pricing power returned, and investors expect higher future earnings as a result.
The homeowners allege that
the reinsurers did not assume any risk and never actually performed true reinsurance services.
Not exact matches
Huge national banks shuttered, bankrupt, corporations that employed thousands wiped out, TBTF
reinsurers bailed out with taxpayer money, amazingly flawed misallocation of resources financing pipedream «Green Energy» companies with no product, and no market even if they
did have a product, etc..
I posed this question to the CEOs of several Bermuda
reinsurers, and the answer was: «We don't think that the profitability of casualty business is as profitable as the reserving of some of our competitors would indicate.»
Were I back in the saddle as a buyside analyst, I would be building my spreadsheet, and calling
reinsurers to get an idea of how much exposure (not losses per se, but
did they write business there?)
I added to my reinsurance holdings post-Sandy, because I knew that the
reinsurers would take relatively few claims because they don't cover flood for residential, though they might have commercial - related claims.
Most
reinsurers are resisting posting collateral, but so long as reinsurance receivables don't get paid rapidly, and credit quality is low, the demand for collateral can only grow.
The way that Sagicor pledges to
do this is through «wise judgment», featuring local expertise, sound risk management, and partnerships with world - class asset managers and
reinsurers.
As Pat Thiele of PartnerRe put it on his conference call, there is more business to be
done by private
reinsurers in Florida than one might expect.
If it doesn't rise much tomorrow, it means that the P&C
reinsurers have reached equilibrium with the good quarter.
Reinsurance
does carry a risk, though, if the
reinsurer can't or won't pay.
In limited instances, we
do execute transactions with
reinsurers that reduce our exposure to insured credit derivatives.
There is some credit risk there... how much
do you rely on your
reinsurers to pay claims in full?
That said, my question is:
do I buy the property
reinsurers here?
The USMI members and their shareholders are concerned the pilot gives preferential treatment to
reinsurers by not holding them to the same Private Mortgage Insurer Eligibility Standards that PMI carriers must follow in order to
do business with the GSEs.
As explained between 1993 and 2005 in the pages of Schiff's Insurance Observer (http://www.insuranceobserver.com/topics/theaigchronicles.php), AIG entered into transactions with nebulous offshore
reinsurers, «smoothed» earnings through a variety of tricks, issued deceptive earnings releases, entered into sham reinsurance transactions, engaged in transactions with affiliates that appeared to transfer risk but really didn't, employed financial prestidigitation to turn underwriting losses into capital losses and capital gains into investment income.
But if those companies
do that, they should not expect to buy reinsurance from the world's biggest
reinsurers.
«
Reinsurers who provide a backstop on large losses are engaged on the climate issue, but much more work needs to be
done by the primary insurers who consumers rely on when catastrophes hit.»
In addition, we agree that workers» compensation insurers, property and casualty insurers,
reinsurers, and stop - loss insurers are not covered entities, as they
do not meet the statutory definition of «health plan.»
Misrepresentations made by a broker about his reinsured's policy on inwards deductibles could allow the
reinsurer to avoid the policy even though the reinsured
did not know the representation had been made, the High Court has ruled.
ReliaStar is licensed to
do business in all states and an accredited
reinsurer only in New York.
A release from Munich
Reinsurers said not only
did 26 percent of the attendees disagree with the classification, another 18 percent mentioned their companies hadn't even installed underwriting guidelines for vapers because of the lack in information.
He
did his latest project with SCOR Re, the world's fifth biggest
reinsurer.
Many general insurers, including the leading marine hull insurer Oriental Insurance Company, last year got reinsurance for marine hull policies
done from international
reinsurers.