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Insurance
Despite significant expected losses in the third quarter from hurricanes Irma, Harvey and Maria and potential rate increases as a result, Lloyd’s is not planning to change the market’s overall exposure to natural catastrophes, Jon Hancock, Lloyd’s performance management director, told Baden-Baden Today. 25 October 2017
Insurance
This year’s Baden-Baden Reinsurance Symposium is more dynamic and busier than the last four as a result of the heavy nat cat losses experienced in the US in the third quarter, David Flandro, global head of analytics for JLT Re, told Baden Baden Today. 25 October 2017
News
The state-owned Russian National Reinsurance Company (RNRC) has shown more appetite for new business in its first year in business than expected, Nicola Rautmann, market executive Austria & Central and Eastern Europe (CEE) at Swiss Re, told Baden-Baden Today. 25 October 2017
Insurance
How much rates may rise in the aftermath of big cat losses is a major concern of delegates in Baden-Baden, Johannes Hartmann, chief executive of VIG Re, tells Baden-Baden Today, as he also explains the reinsurer’s commitment to Europe. 25 October 2017
Insurance
In the wake of what may be record levels of catastrophe losses in North America, demand for quota shares is on the rise, Jorg Bruniecki, head of global clients & broker management at PartnerRe, told Baden-Baden Today. 25 October 2017
Insurance
The use of robotic process automation (RPA) has the potential to become a greater disruptor to the industry than blockchain, the application of which in reinsurance will be limited, Artur Niemczewski, CEO of Pro Global, told Baden-Baden Today. 25 October 2017
Insurance
Recent nat cat losses will lead to rate increases worldwide, and not only on the loss-affected accounts, Bob Mellor, head of international property at MS Amlin, told Baden-Baden Today. 25 October 2017
Insurance
Recent nat cat events illustrate the value of post-event data collection and aggregation, Luzi Hitz, of PERILS, told Baden-Baden Today. 25 October 2017
Insurance
Sponsoring transparent and understandable cat bonds—including bonds that use parametric triggers—could become one of the most effective risk transfer instruments for emerging economies to resolve the developing issue of the protection gap at the macro level, Kirill Savrassov, CEO of Phoenix CRetro, a niche Bermudian ILS specialist, told Baden-Baden Today. 25 October 2017
Insurance
The re/insurance industry should never talk about pricing without first thoroughly understanding its exposures, Suki Basi, managing director of Russell Group, told Baden-Baden Today. 25 October 2017
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