All News articles – Page 178
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Insured cat losses hit $86bn annual average – AIR study
Preparedness for large losses before they occur is critical to solvency and resilience, AIR’s annual extreme event risk report emphasised
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Inspiration panel: startups favouring MGA model
Half-baked ideas about disruption are not helpful, noted a panel at GR Innovation & Insurtech 2018 in Bermuda
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Tech spends need cost/benefit analysis
Insurtech drives are increasingly incremental, favouring marginal gains via short-term fixes rather than grand plans
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AI revolution to meet data challenge and amplify cognition – IBM Watson CTO
Artificial intelligence will be revolutionary in amplifying human cognition, as data continue to grow exponentially, IBM Watson’s Rob High told GR’s Innovation & Insurtech 2018 event in Bermuda
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Burt addresses Innovation and Insurtech Bermuda 2018
Premier of Bermuda David Burt spoke at GR’s Innovation and Insurtech event today, underlining the importance of innovating and staying ahead
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BDA announces Burrows as next CEO
Bermuda’s Business Development Authority has appointed Andy Burrows as its new CEO
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Industry reaction: Theresa May's Brexit withdrawal agreement
Industry experts have their say on the withdrawal agreement
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Insurtech spends soar amid disruption threat - Moody’s report
Medium term collaboration with insurtechs reduces the threat of disruption, and in the long term, internet of things will force radical innovation, according to the rating agency’s study
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New perils amid record Q3 for cat bonds – Willis Re
Issuance of non-life bonds reached $1.6bn in the third quarter, a record high, according to reinsurance broker Willis Re
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Less stability, more growth – Kessler
More energy and risk taking is needed, not burdensome regulation and capital, Scor chairman and CEO Denis Kessler told an S&P Global event in London
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RenRe strikes $1.5bn deal to buy Tokio Millennium Re
TMR bought from Japanese parent by fellow Bermudian RenaissanceRe at 1.02x tangible book value
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Munich Re differentiating via services
Cyber, analytics and advisory skills mark out Munich Re’s approach from rivals, its two top Asia Pacific executives told GR
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Typhoons creating demand for backup covers
Recent nat cat activity and particularly Typhoon Jebi in Japan have created demand for backup covers
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AIR
ILS is needed to transfer cyber risk – AIG’s Duperreault
The ILS market needs to turn its guns on cyber risk, if the emerging threat is to be contained, Brian Duperreault told SIRC 2018
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AIR
Singapore’s finance minister opens SIRC 2018
Singapore’s minister of finance addressed SIRC 2018 as the official keynote speaker and guest of honour
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Six themes from NMG reinsurance study
A global study looking into the problems facing reinsurance has revealed six major challenges for the market to overcome. Nearly 3,000 respondents from property and casualty (P&C) and specialty insurers and reinsurance brokers were polled for the NMG Consulting’s Global P&C Reinsurance Study 2018, online and ...
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China flood model “first of its kind” - JBA
JBA has released a new flood model for China, which it said is the first of its type
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Canopius makes Singapore hires to boost AsiaPac arm
The global specialty re/insurer announced four new hires in Singapore to further its regional expansion
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News Agenda
Ed acquired by Besso owner BGC
BGC Partners grows it’s Lloyd’s broking presence by acquiring Steve Hearn’s Ed
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“Super regulator” driving Chinese market acceleration – JLT Re
Market developments, M&A activity, technological innovation and regulatory change are all factors in China’s market acceleration, according to reinsurance broker JLT Re