Wed, Feb 21, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Reinsurers face new scrutiny, performance remains steady

Friday, November 15, 2013

Bailey McCann, Opalesque New York:

Reinsurers trading in the US are facing new headwinds. A bill up for consideration in congress would impose new taxes on the cohort of companies, and regulators are also starting to take a closer look as life insurance companies start to get more creative in their approach to reinsurance. Still, as a group publicly traded reinsurers posted generally positive performance during the last round of earnings reporting, a trend that is likely to continue through the fourth quarter.

We're from the federal government, and we're here to help..

Kean Driscoll, CEO of Bermuda-based Validus Re, made an appearance before congress this week as the House Financial Services’ Housing and Insurance Subcommittee took up the issue of insurance. Reps. Richard Neal and Bill Pascrell and Sen. Robert Menendez have bills up in both the House and Senate (HR 2054 and S 991) that would impose a new tax on reinsurance companies. The measure has also been included in current and past budget proposals from President Obama.

During the hearing, Driscoll took questions from Representatives on whether the tax would limit the ability of reinsurance companies to take on risk. Republicans are seeking to shrink the size of government backed insurance companies and are looking for avenues to get private sector insurers and reinsurers to take on some of that load,......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Art & Motion launches collectible car alternative investment vehicle[more]

    Komfie Manalo, Opalesque Asia: Luxembourg-based Art & Motion has launched a new investment vehicle dedicated to vintage cars and exceptional high-quality vehicles as this collectible market has grown exponentially the turn of the centu

  2. Opalesque Exclusive: Global Sigma captures February's long-vol trade[more]

    Bailey McCann, Opalesque New York for New Managers: Florida-based Global Sigma rode February's volatility to new highs. The firm's AGSF strategy is up +2.8 percent through February 16 and +4.2 percent YTD a

  3. Institutional Investors - Hedge funds regain their appeal for a $57 billion asset manager, Private credit strategies in stratosphere[more]

    Hedge funds regain their appeal for a $57 billion asset manager From Bloomberg.com: With volatility back on the radar, one of the Nordic region's biggest asset managers is considering relying a bit more on hedge funds to help oversee his portfolio. Mikko Mursula, the chief investment off

  4. Investing - All aboard for hedge funds as trade tide lifts shipping, Hedge funds pile into Time Warner in bet on merger success[more]

    All aboard for hedge funds as trade tide lifts shipping From Reuters.com: Forced to abandon ship after mistiming their investments five years ago, hedge funds are venturing back in a bid to profit from growing global trade flows. Around 90 percent of traded goods by volume are tran

  5. Investing - Hedge funds turn short on tech just as stock rally takes off, After biggest short, speculators slash bearish US bond bets as supply deluge looms[more]

    Hedge funds turn short on tech just as stock rally takes off From Newsmax.com: A key group of investors has just missed out on the biggest tech-stock rally since 2014. Hedge funds and other large speculators turned net short on Nasdaq 100 Index futures for the first time in 21 months, ac