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Insurance
The major losses from hurricanes Harvey, Irma and Maria and the Mexican earthquakes will not only impact the results of insurers and reinsurers for this year, but highlight other non-cat lines of business that have been underperforming or that are price-challenged. 25 October 2017
Insurance
Recent nat cat losses are an excellent opportunity for reinsurers to demonstrate their resilience, responsiveness and ability to pay claims, according to Ian Wicks, chairman of non-marine reinsurance, and Robert Wildbore, director, reinsurance, at Ed. 25 October 2017
Insurance
The development of cyber offerings is a key focus for Willis Re’s clients, according to Dirk Spenner, managing director of Willis Re EMEA North/East. 25 October 2017
Insurance
Bermuda-based Qatar Re is set to seize the moment to increase its exposure to the US as rates there recover following the nat cat losses in the third quarter, Luke Roden, chief underwriting officer, short tail classes and head of ceded re, told Baden-Baden Today. 25 October 2017
Insurance
The German motor market requires some rate adjustments while overall primary players in the country may have significant cost-cutting potential, Frank Reichelt, market executive Germany & Nordics at Swiss Re, told Baden-Baden Today. 25 October 2017
Insurance
In the wake of recent US nat cat losses, the perceived value of insurance-linked securities (ILS) collateral over a rated “promise to pay” model will rise if reinsurers have failed to use modelling and retrocession to better manage their tail risks, according to Willis Towers Watson’s Q3 ILS market update. 25 October 2017
Insurance
The continued soft market is the biggest concern during this renewals season, according to respondents to Intelligent Insurer’s Baden-Baden 2017 survey, a response that shows that despite the heavy losses in the US in recent months, negotiations in Europe may not involve rate increases to the extent some would like. 25 October 2017
Insurance
Reinsurers need to protect their margins, and prices need to reflect that in light of recent losses, Patrick Hartigan, leader of the treaty team at Beazley, told Baden-Baden Today. 25 October 2017
Insurance
Run-off specialist DARAG has seen a significant increase in opportunities in 2017, as was foreseen in the last couple of years, Eleni Iacovides, group chief client officer, told Baden-Baden Today. 25 October 2017
Insurance
Notwithstanding the nat cat events of 2017, the Caribbean Catastrophe Risk Insurance Facility (CCRIF) is confident that its balance sheet is adequately set up to absorb the risk of high payouts in years of multiple extreme events, Isaac Anthony, CEO of CCRIF, told Baden-Baden Today. 25 October 2017
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