Peter Zaffino, Guy Carpenter president and chief executive officer, said Saturday at a press conference that barring a major catastrophe, the reinsurance market is in "pretty good shape" but faces cha

Reinsurers surcharge to compensate for data deficiencies, Ernst & Young finds

PRIMA challenges deductible reimbursement, minimum insurance

The likelihood of catastrophes--tornadoes, hurricanes and earthquakes, as well as flooding from busted levees and record rainfall--means risk managers have a lot of potential disasters to plan for, yet

Many insurers adopting enterprise risk management to comply with rating agency standards are questioning the effectiveness of ERM and its ability to deliver a return on investment, and the concept is

With an eye out for potential windstorms and concerns over fallout from the subprime market meltdown, an earthquake in China and the recent tragic plane crash in Spain, global reinsurers are

"The market has really grown in the last few years. It's actually the original form of reinsurance before treaty was invented," explained Elliot Richardson, chief executive officer of the Aon Re

Reinsurers say that, depending on the quality of underwriting data insurers submit to them, they could be giving the carrier a credit or hitting them with a surcharge, according to an Ernst & Young co