Tue, Feb 9, 2016
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. How Einhorn survived a nightmare year[more]

    From Bloomberg.com: Even when a hedge fund has an awful year, which was the case for David Einhorn's Greenlight Capital, there are lessons to be learned. Many funds would have had a tough time surviving a year like Einhorn experienced in 2015, when all the stars seemed to align against him and Green

  2. Legal - Hedge fund founder wins early release in U.S. insider trading case, Gramercy seeking $1.3 billion from Peru over land-bond dispute[more]

    Hedge fund founder wins early release in U.S. insider trading case From Reuters/Streetinsider.com: Former hedge fund manager Doug Whitman on Tuesday won a reprieve from serving the remainder of his two-year sentence for insider trading after several judges expressed skepticism that his 2

  3. Investing - David Einhorn finds a winner in Michael Kors[more]

    From Thestreetinsider.com: Greenlight Capital hedge fund manger David Einhorn took his lumps in 2015. The fund lost over 20 percent on the year amid bets gone bad being long a plunging SunEdison and short a couple high-flying FANG stocks. However, today Einhorn is again showing his stock picking pro

  4. Investing - Avenue Capital's Marc Lasry: We like European bank loans, Comment: A bunch of hedge fund managers are chasing the 'dream of crushing a major structural problem'[more]

    Avenue Capital's Marc Lasry: We like European bank loans From CNBC.com: European banks are under immense pressure, but at least one prominent hedge fund has found what it thinks is a good opportunity in the wreckage. Marc Lasry, co-founder and chief executive of hedge fund Avenue Capital

  5. Credit Suisse cherry picks hedge fund ideas[more]

    From FT.com: Credit Suisse Asset Management plans to cherry pick profitable concepts from hedge funds with the launch in Europe of a “best ideas” strategy. The investment arm of the Swiss bank said the strategy will separate it from other funds blighted by “overcrowding problems”. It comes at a time