All News articles – Page 173
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News
Smaller brokers pushing boundaries amid consolidation – Lockton Re’s Waterkeyn
Fewer, bigger clients in established markets leads smaller broker to other growing regions, Lockton Re told GR in Baden-Baden
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RMS director urges companies to consider Europe flood risk
Alexander Schneider told GR insurers and reinsurers have taken their eye off European flood risk
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European cat prices to fall “single digits” at 1/1 – Willis Re
Willis Re’s Dirk Spenner says cat exposed property reinsurance treaties are expected to fall on 1 January
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Europe a tough market to break into – Guy Carpenter’s Hewitt
Guy Carpenter’s Richard Hewitt says European reinsurance remains competitive, warning of difficulties for newcomers entering the market
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News Agenda
Tiering is a myth, says Aon's Thofern
Talk of tiering is overblown and the opposite could be the case, Aon Reinsurance Solutions’ Deutschland CEO Jan-Oliver Thofern told GR. David Benyon reports
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Ransomware could displace data theft as leading cyber risk
Ransomware attacks are becoming more targeted, with greater ransoms being sought
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Europe’s next top models for AIR
The catastrophe risk modelling firm has been updating its European models and expanding their breadth across countries and lines of business
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Swiss Re is changing its view on cyber risk – CUO Schmid
One year after the reinsurer’s CEO said it was still bearish on reinsuring cyber risk, Swiss Re has evolved its view of it, according to the reinsurer’s group chief underwriting officer, Edi Schmid
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Gossmann readying new Maltese venture
Munich Re has a 90% quota share on Gossmann’s new Malta-domiciled protected cell operation
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GC Symposium: You don’t have to be big to be beautiful
The trend for mergers and global composites is not the panacea it seems, Hamilton CEO Pina Albo told Guy Carpenter’s Baden-Baden Reinsurance Symposium
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When collateralised is no longer collateralised
ILS investors want to redeploy capital as quickly as a contract allows, despite slowly-developing cat losses. David Benyon reports
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News Agenda
RMS puts $6.8-10bn estimate on Michael
Hurricane Michael will cause insured losses of between $6.8-10bn, according to RMS’s estimate
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News Agenda
CEO debate: Huge cyber loss required to shake up pricing
A panel of industry leaders debated at this year’s Monte Carlo Rendez-Vous what it might take to finally shift pricing in the reinsurance sector
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News Agenda
Japan’s Typhoon Jebi cost Swiss Re $500m in Q3
Swiss Re’s natural catastrophe claims burden of $1.1bn in the third quarter was dominated by Japanese weather-related losses
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News Agenda
Hurricane Michael: the strongest US landfall since Andrew
Catastrophe risk modellers have been tracking the storm’s behaviour and likely $6-10bn re/insurance losses, as Michael continues its path inland after crossing the Florida Panhandle
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News Agenda
Cincinnati Financial to buy Munich Re-owned Beaufort
The US insurer has agreed a €116m deal to buy Munich Re-owned MSP Underwriting, operating through Beaufort, which underwrites for Lloyd’s Syndicate 318
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News Agenda
September’s nat cats reveal under-insurance – Aon
Tens of billions of dollars in economic losses to hurricane, flood and earthquake disasters highlight the protection gap, according to Aon’s Impact Forecasting
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News Agenda
Guy Carpenter preparing Blue Line facility for 1/1
Reinsurance broker Guy Carpenter is preparing a new London market reinsurance broking facility for facultative business globally, GR can reveal
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News Agenda
Lloyd’s clarifies claims situation after Brexit
A Part VII transfer will see Lloyd’s transfer its existing European Economic Area business to its Brussels company