All Features articles – Page 9
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Editor's Note
Don’t run down run-off
Run-off is not something some people wish to think about. It has the whiff of failure about it. Yet to succeed in the recession, a realistic and tough-minded approach is required.Not panic, but clear and careful thinking.Firstly, and most obviously, the recession argues this. Investment losses are profound.Claims will increase. ...
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Features
Final push
The credit crunch could be the force that finally brings about the electronic reform of the London Market, argues Richard Garnett.
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Industry Matters
Run-off increase predicted
Confluence of factors suggest more portfolios will go into run-off
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Global Matters
'Without prejudice' settlements
The recent case of Faraday Capital Ltd v Copenhagen Reinsurance Co Ltd has explored the limits of follow the settlements clauses when insurers have entered into a without prejudice settlement of an underlying claim. Aidan Christie QC examines the question whether a timely concession might sometimes be to insurers’ benefit.
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GR Focus
Seeking retro
Has retrocession disappeared without a trace as it did after Hurricane Katrina? Global Reinsurance goes on the hunt for retro capacity in the post-credit crunch environment.
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Features
Standardising trading
The London Market’s progress toward electronic reform can best be described as fragmented. But is this the year the London Market finally gets it all together, digitally, asks Lynley Oram.
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Editor's Note
Don’t blame offshore
A new wave of regulations is one of the likely consequences of the financial crisis, and the microscope will be focussed on offshore financial centres. During his election campaign, President Obama criticised “corporations that hide their profits offshore”, pointing to Bermuda. Angela Merkel, the German Chancellor, also has offshore in ...
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Editor's Note
Race against time
The financial world is bracing itself for recession. J.P. Morgan for example expects a contraction this quarter of 4% (on an annualised basis) in the US, 3% in the UK, and 2% in the eurozone. For 2009, it predicts 0.4% global growth, but advanced countries shrinking 0.5% and emerging regions ...
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Investment Analysis
Cat asset rules to change
Lehman Brothers’ filing for Chapter 11 protection has had a direct effect on the cat bond sector, and will change the rules governing the assets underlying cat bonds, writes David Sandham.
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Features
Watch out for the backlash
The insurance and reinsurance industry cannot stay immune from the financial crisis. So what will be the reaction of the industry’s supervisors?
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Investment Analysis
World bank buys weather derivatives
Swiss Re has entered into a weather derivative contract with the International Development Association (IDA), an arm of the World Bank.Under the terms of the contract, Swiss Re will pay out up to $5m in the event that Malawi’s farmers suffer from a drought-related shortfall in maize production. With this ...
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CEO Q&A
CEO Q&A: Ken LeStrange
An interview with Ken LeStrange, the chief executive officer of Endurance Specialty Holdings Ltd.
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Features
Credit crunch: Survival guide
Getting back to basics and building on relationships is key for reinsurance companies seeking to navigate their way through the current market turmoil, writes Mairi Mallon
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Features
The cruel and the kind
Two very different pieces of legislation are gathering momentum in the United States. One would make life much easier for international reinsurers, while the other would make life so much more difficult, David Banks writes.
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Analysis
Just an everyday pioneer
Gulf Re may be a young company, but it expects its straightforward approach and healthy capitalisation to attract the kind of attention usually reserved for well-established players. Mairi Mallon spoke to its senior managers and backers to find out more.
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Country Analysis
The waiting game
The juggernaut of insurance reform has slowed to a crawl, the victim of a political stalemate. Companies operating in India must adapt themselves rather than wait for change, writes David Banks.
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Features
Hunting the gorilla
There’s a new big game in town. Directors of companies caught up in the credit crunch are squarely in the sights of the big game hunters – legal claimants. Gavin Coull and Michael Wharfe guide us through the D&O jungle.
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Features
Where are they now?
Where have all the US independent P&C reinsurers gone? Many have been sold, merged, run-off, or liquidated, Ronald Gift Mullins discovers.
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GR Focus
Wake up to Run-Off
Financial turmoil, catastrophe losses, and legislative change could herald the start of a time of increased activity for run-off specialists, write David Banks and David Sandham.
