Mr. Richard Keady

GLG News^SM Analyses by Richard Keady(?)

MR. COFFEY'S ASSESSMENT OF THE GLOBAL GROWTH OF REINSURANCE

February 12, 2008

Analysis of:New ‘Bermuda Triangle’ Emerging, | www.propertyandcasualtyinsurancenews.com

I completely agree with Mr. Coffey's assessment of the strengthening global reinsurance market with the melding of traditional London Market syndicates with Bermuda reinsurers. This makes capacity increase and at the same time contributes to the financial strength necessary for confidence in today's global reinsurance market. As was first evident in the mid-1990's, increasing reliance on Bermuda market insurers/reinsurers by risk managers to complete their global insurance needs resulted in London and other European reinsurers moving toward the establishment of Bermuda based affiliates. Once the relative ease of operation in Bermuda became apparent to those reinsurers, merged operations that became based in Bermuda became increasingly common. Today that capacity has steadily increased to the point that it has become an essential equation for large capacity required insurance programs. 

INSURANCE BROKERS CHARGES FOR UNDERWRITING ASSISTANCE CAN BENEFIT INSURANCE BUYERS!

October 10, 2007

Analysis of:N.Y. Giving Big Brokers Green Light To Accept Service Fees From Insurers | www.propertyandcasualtyinsurancenews.com

Broker preparation of underwriting data for property/casualty insurance placements can benefit buyers of insurance products by faster and pertinent data assembly which both enhances underwriters understanding of key risk factors and speeds the underwriting process. This makes new placements and renewals more focused and constitutes a valuable service that benefits both insurers and insureds. Such a service should be compensated by insurers but proper disclosure to insureds by brokers must be done in advance to insure transparency. Compensation levels should be commensurate with the complexity and level of data prepared and communicated to insurers.