from the publisher of reinsurance and fac magazines

August 12, 2010

A little bit of a mis-communication?

I don't think its any secret that certain large reinsurers have been pumping a lot of money into Solvency II advisory operations.

They saw the opportunity to give a little bit extra to their clients (such as a cheap essay writing service provides high quality help to their clients regardless of the cost) (and of course make a bit more money on the side) by offering their own experts to medium to small clients for all their Solvency II based needs.

However, it seems there may have been a little bit of a miscommunication somewhere along the line. Whilst we're in silly season and everyone has gone to the beach for some pre-Monte Carlo sun, Reinsurance Towers has been busy talking to those same medium to small reinsurance buyers about their current concerns and whilst Solvency II ranks near the top of their lists, very few are looking for help from their reinsurers.

It would seem that these same large reinsurers may have ruffled a few feathers and set off a pride epidemic amongst buyers who are now saying Solvency II is something they would like to cope with on their own thank you very much.

"Yes, Solvency II is a big issue but we don't necessarily want to talk to our reinsurers on this as its something we want to be responsible for ourselves," said one buyer.

From the same buyers there was also many whines that reinsurers treat their clients like commodities. "We want them to value us rather than view us as a commodity," said one buyer. "We want them to spend time with us and take notice of what we do differently," added another.

So, maybe it's time for those large reinsurers to stop pumping the money in and start spending resources on getting to know their clients at bit better...

Reinsurance Towers are off to Cornwall to get in some serious beach time now so enjoy the rest of your week!

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July 13, 2010

Why the reinsurance world loves Switzerland

Recently is would seem that everyone in the reinsurance world has been relocating operations to Switzerland.

So what is the attraction? Solvency II? The tax regime?

We at Reinsurance Towers think that's just not fun enough so here are our top reasons that we think the reinsurers just aren't telling you about:

1) The Alps. Good to look at but more importantly, just the place to unwind with some skiing after a hard January renewals season

2) Hornussen. A cross between baseball and golf. It's a bit like trying to catch golf balls flying through the air at 300kph

3) The schnapps. Nom nom nom

4) The cool mountain air. With the UK and eastern States in the middle of a sweltering heat wave these past few weeks it sounds good to us

5) Martina Hingis and Roger Federer - not too hard on the eye and apparently pretty good at tennis too

6) Alpine horns and yodeling, much more fun than you'd think - yodelayeeeooo

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July 5, 2010

There's a lot of happy lawyers about


So July is now well and truly on us and as per usual the reinsurance world has gone on holiday

For those of us without a yacht or summer residence to escape to there has still been plenty to entertain us with the ongoing Deepwater Horizon saga - the lawyers are salivating already.

The reinsurance forums on LinkedIn have lit up with a great number of comments as the industry debates what the overall effect of the disaster will be with an overall consensus that we may well see a shift in the way that captive insurers and reinsurers operate as fully risk retained captives may become very unfashionable - particularly in the energy world.

There's also the consensus that the legal battles will run on for years, especially the class actions, so the real winner - as per usual - will be the lawyers.

On a lighter note blog-re has been nominated as a Top 50 Insurance Law Blog through the LexisNexis Law Community. If you are a legal eagle and enjoy our blog please give us a vote here http://bit.ly/beDC27 . If you're looking for services like writemyessays to get info for law academic projects, check our website first to get what you need.

Have a good week
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Editor's blog, photo of Katherine Blackler

Finally, after more than 150 years, Post has started blogging.

Admittedly, the concept of blogging hasn’t been around as long as Post, but it has been a web option for some time now and while as a publication we have forayed into the world of micro-blogging, there is not really an excuse for our tardiness in becoming a fully fledged member of the bone fide blogging community.

All of the Post team will be contributing to this commentary, and in more than 140 characters we will cover the market and its people, and offer observations and relay gossip (should we stumble across any) along with the most interesting market rumours.