Reinsurance

The Obama administration’s 2012 budget proposal has reopened the debate over taxing certain reinsurance premiums ceded to foreign insurers by their U.S. affiliates.

More reserve charges could be ahead for American International Group Inc. (AIG), according to analysts.

The combination of corporate bankruptcies, high-dollar shareholder derivative lawsuit settlements and declines in Side-A pricing may soon turn a profitable niche of the directors and officers liability insurance market into a money loser, carrier executives say.

A review of enforcement actions taken by the U.S. Treasury Department reveals that bankers are the primary violators of sanctions imposed against foreign governments, but a few property and casualty insurers and one broker have also received fines.

Two years after reporting a dismal $663 million net loss, Swiss Re appears to have rebounded, paying off a $2.6 billion loan instrument and still recording a 74 percent increase in net income for 2010.

There are only a few times in history when we have been witness to a true revolution, a moment when the old order is upturned and a new path is tread. That is what happened in Egypt.