Reinsurer capital remains strong despite near record catastrophe losses

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Global reinsurer capital fell 3% during 2011 to $455bn (€345.5bn), according to an Aon Benfield Analytics study examining the impact of catastrophe losses on reinsurers' capital and earnings positions.

The firm's recent Aon Benfield Aggregate report found that capital reported by the ABA group of 28 leading reinsurers reached an all-time high of $251bn at the end of 2011 - an increase of 1.7% or $4

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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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