Reinsurance pricing will soften more rapidly over the next 12-24 months than the costs of issuance for insurance-linked securities (ILS), according to experts. This greater rate of softening
is predicted to make it the more attractive option and dampen cat bond issuance.
The projection was made at Standard & Poor’s (S&P) 4th Annual ILS Conference.
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Kane has been authorised to set up an insurance manager in the Qatar Financial Centre (QFC). It is the first captive manager to be awarded a licence by the Qatar Financial Centre Regulatory
Authority (QFCRA).
Kane LLC will provide a range of services, including captive management, risk management and healthcare advisory services, and will be headed up by Shaun Brook, practice leader of insurance
management at Kane.
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Fitch Ratings said today (1 September 2010) that it expects to see intensification of competitive conditions in the reinsurance market and increasing levels of cat bond issuance.
Fitch’s 2010/2011 Reinsurance Review and Outlook predicted that competition in the global reinsurance industry is expected to intensify, leading to pressure on earnings, but said the rating
outlook for the industry remains stable.
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