The Week in a Minute, April 13, 2012

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.
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2 thoughts on “The Week in a Minute, April 13, 2012

  1. […] of which helps one better understand what’s behind the Agnes Rule: If banks sold anything but money, they’d go […]

  2. […] which WordPress calculates using an algorithm unknown to me. For example, a top post today is a link to news headlines a year ago. Somebody’s spam generator got stuck there, I […]

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