Lack of cat activity leads to plentiful capacity in reinsurance market

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Reinsurance capital continued to strengthen through the second quarter of 2012 as a result of limited exposure to catastrophe losses in the opening six months of the year.

There have been upward revisions to catastrophe-related losses that hit the US during Q1 2012, according to Guy Carpenter, as well as more storm and wildfire activity across the country in Q2.

Insured

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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