LMA to discuss Ukrane banking exposures. (Insurance Insider)
EU needs decisive action after new CO2 fraud, Barclays says. (Bloomberg)
AIGs Udvar-Hazy steps down as Chief of ILFC plane-leasing unit. (Bloomberg)
Zurich Financial proposes biggest dividend in 10 years after profit jumps. (Bloomberg)
Political reisk (re)insurers to update Ukraine exposures. (Insurance Insider)
Met Life falls as book value misses insurers forecast on derivative losses. (Bloomberg)
Lloyds will make over £ 3.5bn in 2009. (Insurance Insider)
Association formed to transfer longevity risk to capital markets. (Thomson Reuters)
London Market capital requirement explodes 66% under latest version of SII. (Insurance Insider)
Current commentary
ILS: Cat-bond-atrophy.
Thomson Reuters reports the cat bond investors are demanding more detailed data before investing. The surprise to BRAVE Partners is that it has taken this long. The firm has long espoused that a seasoned underwriter is an essential ingredient when investing in insurance risks.
Pensions: Born for life.
Several institutions have formed the Life and Longevity Markets Association (LLMA). BRAVE Partners applauds the move. Insurance companies are the natural market for longevity. However, the firm still remains skeptical as to how much capacity there is. BRAVE Partners suggests an asset strategy to mitigate longevity risk.
Carbon trading: The state of the [global] union.
Obama seems to have pulled further away from cap-and-trade in his State of the Union address.
Pensions: Retire to the pool
A risk pool solution for UK occupational pensions.
Solvency II: Insure against insolvency, too.
Solvency II is driving up capital requirements for those who do not have an internal model. BRAVE Partners can help build an internal model that does not require a marrow transplant.
Insurance