All Global Reinsurance articles in June 2010
View all stories from this issue.
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Claims
Volcano? What volcano?
Volcanic ash may have caused havoc among holidaymakers, businesses and airlines, but reinsurers know this is one natural disaster they needn’t worry about
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Country Focus
A unique proposition
The gold rush is over and foreign insurers have more than a toehold in Turkey. However, the market is highly competitive and penetration extremely low. It will require careful handling for business to reach its full potential
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People & Opinion
Monty
Did someone say ‘Indian buffet’? Or does our inside man just have food (and drink) on the brain?
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Editor's Note
Leader: We salute you
“We probably empower our underwriters more than some of our peers do,” says Ulrich Wallin. The flip side, however, is that he pays them less than his peers do too.
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AnalysisThe last straw
Tough new tax measures from the IMF aim to catch insurers, even the most risk-averse reinsurers, in the same net as banks. As the industry lobbies next month’s G20 for exemption and urges government to water down the proposals, we ponder the outcome
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News
No pain, no gain?
A grey cloud still looms over Solvency II, as feared market instability and confusion over how it will work leaves the industry feeling less than sunny. But will the long-term pros be worth the short-term cons? We zipped over to Brussels to hear the latest talks
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Cedants
Open door policy
Many countries are reluctant to allow premiums to flow out of their borders, but lobbyists argue that compulsory cessions are a barrier to free trade. And even local reinsurers are beginning to see the benefits of a liberalised market
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Cover StoryStill waters run deep
Calm and assured, Ulrich Wallin has kept Hannover Re on a steadfast course since taking the helm last summer. But as catastrophe losses hit hard this year, will he need to start rocking the boat?
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GR Focus
Captives: Fear of the unknown
With Solvency II upon us, captives are facing an uncertain, and industry bodies say unfair, future. Will the directive impose unreasonable capital requirements that late concessions to captives have not gone far enough to redress?
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GR Focus
Captives: These cell walls
Since the first protected cell company (PCC) legislation was introduced in Guernsey in 1997, this captive structure has quickly grown in popularity, with an estimated 41 domiciles playing host to cells today. And PCCs are expected to show even further growth, as new legislation widens their scope and flexibility, and ...
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Industry Matters
Some capital ideas
The London market continues to shrug off challenges from overseas. It has the people and the skills, it has the ‘brand’ – but will this be enough to keep the world at its feet? We report from a GR roundtable that debated London’s place as a global leader
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GR Focus
Captives: The next big thing
After all the hype, the Middle East captive market has got off to a slow start. But as the global economy recovers, this could be the year it really takes off
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CedantsCedant Q&A: Jan Störmann of Allianz Global Corporate and Specialty
Understanding risks in depth and breadth, protecting capital and avoiding surprises are key to Jan Störmann’s success in buying reinsurance on a global scale. A background in underwriting helps too
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AnalysisWe are all crash dummies
The current financial crisis tells us that risk management is vital for every bank and insurance company. Stress testing and scenario analysis will play a big part
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News Agenda
The day after tomorrow
PartnerRe has followed a healthy 2009 with a Q1 loss, but its long-term stability and conservative approach mean it has retained confidence. As chief executive Patrick Thiele prepares to retire, we study his legacy
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AnalysisRig disaster to cost $3.5bn?
The Gulf of Mexico incident could force up prices for offshore energy liability insurance by as much as 200%, says Barclays Capital. We look at the reaction so far, and consider the pressure that the disaster is likely to place on the reinsurance industry
