News – Page 260
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Fitch upgrades Amlin Europe to A+
Reflects Amlin Europe’s improved underwriting performance
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How 3D printing will affect the insurance industry
Product liability a growing area of concern as 3D printing becomes widespread
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Q-Re unveils new management team
Qatari reinsurer confirms Novae Re poachings in spate of senior hires
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Analysis
AIR will not link to new RMS(one) platform
RMS chief Shah urges rival to make modelled output available to new system
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Lloyd’s composes construction consortium
Beazley, Canopius, Hardy and Talbot behind $166m per risk consortium
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Generali chief hails progress as Q1 profit rises 6.3%
Property/casualty combined ratio improves 1.8 points to 93.6%
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Tax and acquisition costs eat into Enstar’s Q1 profit
Run-off buyer’s profit before non-controlling interests drops 16%
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Environmental liability underinsured – IUA
Gaps in cover getting wider as exposures in Europe increase
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AM Best assigns B++ rating to Brazil's Terra Brasis
Boost for startup in Brazil’s competitive market
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Starr Asia granted Philippines licence
Starr’s Philippine operation will be located in Manila
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How Thailand is preparing itself for future catastrophes
A total of 808,119 policies sold representing $1.77bn of reinsurance cover
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Shenzhen in China catastrophe fund pilot
Chinese insurance regulator backs disaster insurance scheme
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Earthquakes dominate April catastrophes
M6.6 Sichuan earthquake likely to cost insurers $250m – Aon Benfield Impact Forecasting
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RMS unveils open risk management and modelling platform
Companies including Aon, Munich Re and EQECAT will link to new RMS(one) system
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Analysis
Predicting China's next big catastrophe
What will be the cost of future disasters as insurance penetration and assets grow?
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UAE to maintain GCC (re)insurance hub status – AM Best
Uncertain if Abu Dhabi’s financial free zone will compete with Dubai, Qatar and Bahrain
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Aon Benfield launches construction and engineering team
The team is part of the firm’s treaty and facultative divisions and will be led by Julian Wood
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Record cat bond issuance expected in 2013
Total cat bond issuance to reach or exceed $7bn in 2013 - GC Securities