All reinsurance articles – Page 33
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NewsAXA XL Unveils Comprehensive Disaster Recovery Report by Cambridge Centre for Risk Studies
AXA XL, in collaboration with the Centre for Risk Studies (“CCRS”) at Cambridge Judge Business School, has released a comprehensive report demonstrating the impact that (re)insurance has on the speed and quality of recovery following natural disasters.
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NewsDARAG announces transfer of reinsurance business with Axeria Re
DARAG, a leading legacy acquirer, today announced the conclusion of the transfer of reinsurance business with the Maltese reinsurer Axeria Re – part of the April Group – and the original insurer located in France. The transfer of reinsurance business delivers economic, operational and legal effect to Axeria Re. The ...
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People & OpinionHannover Re US and Somerset Re Announce CEO Transition
Somerset Reinsurance Ltd. (Somerset Re) today reports that Patrick Kelleher, the firm’s founding CEO, has announced his retirement, effective December 31, 2020. Jeff Burt, currently President of Hannover Life Reassurance Company of America (Hannover Re US), a member of Hannover Re Group, and Chairman of Somerset Re, will assume the ...
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People & OpinionMonte Carlo RVS Industry Survey 2020: Riding the cycle - Have your say
This study will survey top decision-makers at the world’s leading international commercial re/insurers and brokers, to examine how global reinsurers are riding the cycle, the likely impact of COVID and other losses, how capital may seek to enter the industry and whether automation has been accelerated by lockdown restrictions.
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ViewpointsFitch: Asian Reinsurers Repositioning amid Catastrophe Losses and Pandemic
Insurers and reinsurers in Asia are likely to put renewed emphasis on ensuring the adequacy and appropriateness of their existing (re)insurance protection, following significant catastrophe losses in 2019 and 1H20 and in expectation of the tougher times following the coronavirus pandemic, Fitch Ratings says in a new report.
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AnalysisILS Capital Completes First-Ever Securitisation of Trapped Capital, Solving Reinsurance Industry Problem
Marking a milestone in asset-backed securities, ILS Capital Management, a Bermuda-based investment firm specializing in insurance and reinsurance investments, has completed a $57 million offering of 5.50% asset-backed notes, a securitization of the residual value of trust accounts supporting reinsurance contracts (known in the industry as trapped capital).
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FeaturesDIFC position as the region’s reinsurance sector hub reconfirmed
The sector grew by 17.4% in 2019, representing the highest volume of premiums ever written in the market, further reinforcing the Centre’s position as the leading reinsurance hub in the region.
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AnalysisInsurtech MGAs: a marriage made in heaven?
Startup insurtechs are favouring the MGA model for a gateway into the industry to avoid becoming just another service provider to traditional insurance companies. David Benyon reports
