Reinsurance

NU asked several execs at several major reinsurers: What do you consider the greatest challenges to the reinsurance business as 2014 approaches, and conversely, where do you feel its greatest opportunities lie?

Reinsurer Munich Re expects to keep its pricing power steady in renewing risk cover contracts with insurers in the coming weeks, playing down the competitive threat from pension fund investors that may undermine prices.

Europe's reinsurers will soon test the strength of competition from alternative investors like pension funds, whose activity may keep a lid on reinsurance price rises and add to challenges for a sector already facing crimped investment income.

Swiss Re made two major transactions this week, investing in Asian insurance products and underwriting a European windstorm catastrophe bond.

An intermediate New York state appellate court has stayed further proceedings pending additional arguments in a civil trial of former American International Group CEO Maurice Hank Greenberg and the companys former CFO.

Fairfax Financial Holdings says it has completed the acquisition of American Safety Insurance Holdings.