With 2011 seeing the debate of the use of nuclear power intensified after the failures at the Fukushima nuclear plant in the wake of the Japanese tsunami and earthquake, a new facility has been announced this week for the placing of nuclear risks.

Despite one of the most expensive years on record for the re/insurance industry, one expert believes the debt crisis is now the biggest threat.

IUMI has backed calls from the International Association of Dry Cargo Shipowners, (Intercargo) for action to tackle the dangers posed by the liquefaction of cargo.

Munich Re’s head of global reinsurance has urged the market to learn the lessons of the past year the most expensive ever in terms of cat losses.

Amlin has announced that it has acquired coverage for US hurricane, US earthquake and European windstorm perils of up to US$150 million from Bermudian special purpose insurer, Tramline Re Limited, which in turn is placing a catastrophe bond for this amount into the capital markets.

Research has found that the majority of risk and underwriting professionals believe premiums for commercial clients are likely to be wrong due to the way risk analysis reports are being compiled.

A range of incentives is being finalised by the regulators on the Cayman Islands as part of its bid to attract reinsurance capital.

Swiss Re’s Chief Economist has outlined the challenges the industry faces from the global economy as the reinsurer published its annual economic outlook.
 

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