This issue

With 12 new reinsurers to start underwriting soon, Bermuda is unlikely to be worried that the Cayman Islands and London have managed to attract one new start-up each. Hedge funds are the main suppliers of the new money entering the industry and only time will tell if their strategies amount to another wave of naïve capital. Meanwhile those leaving the market include Western General, the insurance vehicle of the billionaire Pritzker family, Quanta’s Tobey Russ and the full board of deeply troubled Goshawk. Swiss Re’s chief executive elect Jacques Aigrain now knows his main task come January 1 when he assumes the hot seat at the reinsurer: the successful acquisition and integration of GE Insurance Solutions, previously a chronic underperformer. Our Re Stat section looks at the Big 3 reinsurers in detail.