News – Page 166
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News Agenda
MS Amlin appoints Beazley reinsurance head as Few joins TigerRisk
Chris Beazley has his role at the re/insurer expanded to cover all its reinsurance business, taking over from James Few
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News Agenda
Hard market? Risk-adjusted rates are still inadequate – Fitch
Fitch Ratings’ pre-Monte Carlo brief suggested reinsurance market pricing still has a way to go, and risk-adjusted is well below 2013 levels
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News Agenda
Özdemir takes over as Milli Re CEO
Hulki Yalcin retired as CEO of Turkish reinsurer Milli Re on August 26
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News Agenda
Aon appoints Michel new analytics head in Europe
Joining from Chaucer, Aon Reinsurance Solutions has a new head of analytics for EMEA
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Publication
Fitch Ratings Global Reinsurance Guide 2020
Fitch Ratings has released its Global Reinsurance Guide 2020. The credit rating agency’s market report can be downloaded, free to read online, here.
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Analysis
Dorian provides the pre-Monte suspense for 2019
Hurricane Dorian provides this year’s pre-Monte Carlo jitters as re/insurance execs pack their bags for 2019’s Rendez-Vous de Septembre
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News Agenda
LM Re hires Northern Europe head van Oort
Liberty Mutual Re’s new head of Northern Europe joins from reinsurance broker Guy Carpenter
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News Agenda
ArgoGlobal syndicate quits Asia and most marine hull underwriting
Argo’s Lloyd’s Syndicate 1200 is to exit Asia and most of its hull underwriting globally
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News Agenda
Indian government selects Srivastava as GIC Re boss
A new head has been appointed for India’s state-owned reinsurer GIC Re, after Alice Vaidyan retired from the post at the end of July
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News Agenda
Musk’s Tesla enters insurance market with primary motor product
Elon Musk’s electric vehicle company launched the product yesterday in California
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News Agenda
Brazilian broking alliance announced for Integro
The “reciprocal trading relationship” is with Affinité, a Brazilian entertainment and sport insurance broker
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News Agenda
Aon restructures global A&H and life reinsurance into one practice
Roger Smith will chair Aon Reinsurance Solutions’ new accident, health and life reinsurance team
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News Agenda
New property head in Bermuda for Liberty Specialty
Nicholas Garside is promoted to lead LSM’s property insurance in Bermuda
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Analysis
Analytics avenue for unlocking growth for insurers – Swiss Re
Latest Sigma report from Swiss Re focuses on how P&C insurers should use advanced analytics to find profitable growth
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News Agenda
Hong Kong protests highlight airport ground accumulation exposures
There were 69 aircraft worth $6.1bn scheduled to be on the ground at Hong Kong airport on the 16 August 2019, according to Russell Group
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News Agenda
AIG names Purtill new investor relations leader
AIG’s new deputy CFO and head of investor relations joins from rival insurer The Hartford
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News Agenda
California Wildfire Fund appoints Guy Carpenter reinsurance broker
The newly formed CEA California Wildfire Fund is working with reinsurance broker Guy Carpenter
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News Agenda
Reinsurance rates to harden further in 2020 – Fitch
Firm underwriting pricing, strong investment results and low catastrophe claims have given non-life reinsurers’ results a strong first half to 2019
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News Agenda
Insured cat losses fall to $19bn in 2019’s first half – Swiss Re
Insured catastrophe losses for the first half of the year have shrunk to $19bn in 2019 from $26bn last year
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News Agenda
Typhoon Lekima: China’s insured losses to exceed CNY 6bn – AIR
Cat modeller AIR Worldwide has put a CNY 6bn ($0.85bn) estimate on insured losses from Lekima, Asia’s ninth typhoon this year