S&P 500 Closes Lower for a Third Session; Dow Ekes Out Gain
Reinsurance
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LONDON, Jan 2- The entry of new investors like hedge funds into the reinsurance market is likely to keep prices mostly flat when European customers renew policies in January, despite the industry's losses from superstorm Sandy, broker Willis Re said.
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LONDON, Dec 19- The insurance industry looks set to absorb about $65 billion in catastrophe claims this year, down from a near-record $120 billion in 2011, reinsurer Swiss Re said.
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LONDON, Dec 11- There is a 30 percent chance of severe recession i n Europe and the United States next year, though moderately rising growth is the likeliest outcome, according to the world's No. 2 reinsurer.
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Paul Murray, MD of Life & Health Products at Swiss Re thinks longer life spans in Asia will drive up health care costs, which presents a big opportunity for both governments & the health insurance sector.
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The recent dry weather affecting crops across the midwest of America will hit the reinsurance industry with perhaps the biggest loss ever, according to Nikolaus von Bomhard, Chairman at Munich Re.
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Nancy Curtin, chief investment officer at Close Brothers Asset Management, says insurers would be irresponsible if they bought peripheral European assets.
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Smaller businesses that want to cut the costs of health insurance for their employees are using captive insurers to save money on premiums but also to reduce income taxes and transfer money to heirs free of estate tax.
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Geoffrey Riddell, Regional Chairman, Asia Pacific & Middle East, Zurich Insurance Group says there is growing caution in Asia and worries about Europe's debt crisis is weighing on business sentiment.
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The management of UK-based Prudential has made no decision on whether to relocate outside of the European Union but is watching with apprehension Brussels' plans to introduce new regulation for insurers, CEO Tidjane Thiam told CNBC.
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Insurance stocks rally after property damage throughout the East Coast was less severe than anticipated. Analysis on insurers, with Ken Rosen, USAA chief claims officer.
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Hurricane Irene was the 'Perfect Storm' for insurers in a different sense of the cliche. The weakened storm that spared New York city from major damage gave the wealthy and rarely hit Northeast enough of a scare because of ominous weather forecasts leading up the storm that property insurers will be able to raise pricing even more next year, according to a Morgan Stanley analyst.
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Mapping out an investment strategy amid a market sell-off, with Kevin O'Brien, Prospector Partners Asset Managment.
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CNBC's Becky Quick has the details on Warren Buffett's bold comments on the Euro and his reinsurance business in India.