News – Page 170
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News Agenda
Swiss Re reinsurer for Ethiopian Airlines crash
Ethiopian Airlines Flight 302 crashed shortly after take off, south of the Ethiopian capital Addis Ababa on 10 March, killing 157 passengers and crew
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News Agenda
Emerging markets to power next decade’s premium growth - Swiss Re Sigma study
Swiss Re expects the emerging market share of global insurance premiums to increase by 50% in the next 10 years
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News Agenda
No deal for Willis Towers Watson, Aon confirms
Two of the three biggest global re/insurance brokers will not combine, at least for now, Aon has stated
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News Agenda
Storms on the political risk horizon - Marsh study
Heightened geopolitical tensions, protectionist sentiments and trade disputes have made the world more dangerous for cross-border business, according to Marsh
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News Agenda
Innovation in Middle East markets – a little less conversation, a little more action
Insurers in Middle East markets talk about launching new products, but not enough innovation follows, JLT Re’s Russell Walters told GR
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News Agenda
Saudi, UAE health market overcrowded, dropouts expected – Fitch Ratings
Fitch says the compulsory health insurance market is overcrowded and predicts the pressures on profitability will force out weaker players
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News Agenda
Health warnings amid profits for UAE insurers
2018 marked a second consecutive year of bumper profits for the UAE’s insurance market, according to an AM Best report
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News Agenda
Conoscente succeeds Peignet as Scor Global P&C CEO
The French reinsurer said Victor Peignet had decided to retire for personal reasons after 35 years with the group
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Analysis
Demand hugely untapped – Willis Re’s Vickers
The insurance sector has a lot to do if it wants to close the protection gap in Middle East markets, according to James Vickers, chairman of Willis Re International
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News Agenda
Former Lloyd's chairman Rowland passes away
The chairman who saw Lloyd’s through one of its most turbulent times has passed away
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Analysis
Mondelez vs Zurich lawsuit shows cyber market uncertainties
Mondelez vs Zurich comes as the nascent cyber insurance market continues to develop with increased demand for cyber policies.
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News Agenda
Big challenges face Middle East reinsurance market – Chedid Re
Compulsory lines are the only ones growing in the Middle East, causing commoditisation of products
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Viewpoints
Collaborating on blockchain - R3 Corda
Ryan Rugg, global head of insurance for blockchain platform R3 Corda, has experience working with re/insurance sector stakeholders on blockchain projects such as Insurwave
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News Agenda
Reinsurance rate rises may be around the corner, renewals study suggests
April and June renewals could be a source of hope for reinsurance pricing, according to a report from rating agency AM Best
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News Agenda
Aon highlights 8 cyber risk areas
Game-changing business opportunities are created, as well as risks, as companies continue to use technology to speed up information transfer, according to re/insurance broker Aon
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News Agenda
2018 fourth costliest year on record for insurers – Aon study
After an “elevated, yet manageable catastrophe loss year”, according to Aon, some 64% of global insured losses incurred in the US last year
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News Agenda
Allianz partnership to tackle gender gap
Allianz has become a partner of the Women’s Engineering Society in a bid to create a more diverse workforce.
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News Agenda
Middle Eastern insurers are well capitalised despite the region’s problems – report
Suppressed oil prices and government budget cuts have led to fewer insured risks, but GCC insurers are well capitalised, according to AM Best
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News Agenda
Scor takes Covéa takeover row to court
The French reinsurer has announced it is pursuing criminal charges against Covéa and its CEO
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News Agenda
ILS up to new record, despite slowdown – report
Willis Towers Watson’s ILS update said a new peak of $93bn ILS in play after strong 2018 cat bond issuance “bodes well for a continued healthy market”