Articles
Alternative Risk Transfer
Loss creep remains a big issue for the insurance-linked securities (ILS) market, with some investors grappling with developments around the impact of 2017’s Hurricane Irma, which inflicted $77 billion in economic losses in the Northern Caribbean, Puerto Rico and Florida. 20 October 2019
Insurance
Wildfire risk is considered a “new major peril” by reinsurers after the heavy losses of recent years. But the industry has a much better understanding of this risk following investments in risk models and better education about the nature of the risk. 20 October 2019
Alternative Risk Transfer
US carriers hit by losses in recent years could be looking at rate increases of between 15 and 25 percent and all carriers will probably have to absorb rate increases of between 3 and 5 percent, David Carson, head underwriter at Pioneer Cat, a London-based managing general agent, told APCIA Today. 20 October 2019
Insurance
The number of complaints about motor and transport insurance fell 10% to 248,460 in the first half of 2019, down from 277, 363 from the second half of last year, according to the Financial Conduct Authority. 18 October 2019
Insurance
Global specialty insurer StarStone has appointed Henry Gillingham as head of war & terrorism in its crisis management division. 18 October 2019
Insurance
Guy Carpenter a global risk and reinsurance specialist and a business of Marsh & McLennan Companies, has appointed Dominic Samengo-Turner to the role of Global facultative leader. 18 October 2019
Insurance
North Carolina-based REIN, a company with an enterprise insurtech platform, has appointed Kate Sampson to its advisory board. 18 October 2019
Insurance
US insurers face a unique set of challenges as they consider their growth strategies. Tom Hettinger of Guy Carpenter explains his company’s innovative tool GC Mosaic which helps clients make better growth decisions based on analytics and real data, to Intelligent Insurer. 18 October 2019
News
As reinsurers and buyers begin their annual negotiations leading to the year-end renewal, there seems to be a consensus that the losses of recent years will lead to rate increases as long as this applies to those other buyers, as Intelligent Insurer finds. 17 October 2019
Reinsurance
The 16th Singapore International Reinsurance Conference (SIRC) promises an agenda filled with top re/insurance execs from the region discussing this year’s theme: Winds of Change. 17 October 2019
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