Reinsurance

Reinsurance capital has grown by 17 percent over the end of 2009 primarily on the strength of investment returns, according an Aon Benfield report.

Former New York Mayor Rudolph Giuliani slammed ex-New York Attorney General Eliot Spitzer's investigative tactics and defended Maurice "Hank" R. Greenberg, calling him a great man who was unfairly persecuted.

Reinsurance broker Guy Carpenter & Company said Chinese insurance authorities have awarded the firm a broking license that would make it the first of its kind there.

The co-founder of Flagstone Reinsurance Holdings has retired from the company's Board of Directors about six months after it was announced he would step down as executive chairman.

The National Conference of Insurance Legislators (NCOIL) appears set to win the support of another state legislative trade group for its interstate compact designed to implement the surplus lines reform law passed by Congress earlier this year.

Representatives of foreign and domestic insurance and reinsurance trade groups are suggesting that one means of reforming the National Flood Insurance Program (NFIP) is privatizing all or part of it.