Lots of travel = not much blogging.
- More signs of a tightening market: Willis marketplace update finds higher rates in North American property and casualty (while noting that $100 of risk in 2007 sells for $70 today – details here); Marsh reports property rates rising worldwide.
- Worldwide reinsurer capital fell 3% last year, Aon Benfield says, citing catastrophes in Q1 2011 (Japan, NZ quakes and Australian floods). News story here, full report pdf here.
- Goldman Sachs ratched up its insurance plans through its purchase of Ariel Re, completed Tuesday. They thus tempt the Agnes Rule (named for my Mom who coined it): Banks can’t sell anything but money. Hank Greenberg agrees with Mom.
- New York has put p/c rate/rule/form filings online.