Reinsurance

When your clients' top executives demand to know, "What the frack is going on," do you have an answer? Do you even know what they're talking about? Gina Jones and Ivy Riggs provide the info you need to arm yourself to address your clients' concerns.

Bermuda-based reinsurers continued to report reduced earnings, driven mainly by catastrophe losses.

Zurich, Switzerland-based insurer ACE Ltd. says second quarter net income decreased 10 percent primarily on catastrophe losses.

PartnerRe Ltd. says losses related to tornadoes in the United States in April and May now stands at an estimated $89 million, pretax

The second-quarter financial results of Pembroke, Bermuda-based reinsurance and insurance companies RenaissanceRe Holdings Ltd. and Endurance Specialty Holdings Ltd. were each adversely affected by losses tied to the tornado activity in the United States.

Some people are so frustrated that state lawmakers have been unwilling to make major changes to Citizens Property Insurance Corp. that they want legislators to consider privatizing part of the company. Will that cause a storm of controversy?