Articles
Insurance
Industry veteran Ted Blanch has returned to the market with a new venture, a new Florida-focused broker, which he claims will disrupt catastrophe reinsurance with lowered costs and a radically different ownership model. 28 October 2018
Alternative Risk Transfer
There will not be a significant movement in rates for the reinsurance industry at the end of year renewals, Ed Hochberg, chief executive officer of JLT Re in North America, told PCI Today. 28 October 2018
Insurance
Parts of the US commercial insurance market are archaic and ripe for technology-driven change, with many players keen to embrace anything that makes their businesses more cost-efficient, Jason Keck, chief executive officer and co-founder of insurtech startup Broker Buddha, told PCI Today. 28 October 2018
Insurance
Insurance Europe’s Reinsurance Advisory Board (RAB), a representative body for the European reinsurance industry, has accused the US National Association of Insurance Commissioners (NAIC) of deviating significantly from the original language of the bilateral agreement on re/insurance prudential measures, concluded between the EU and US in 2017, in its draft implementation plans. 28 October 2018
Alternative Risk Transfer
The ILS markets will evolve as a result of lessons learned in the past 12 months, gaining sophistication and depth in the process, says Jeff Mohrenweiser of Fitch Ratings. 28 October 2018
Insurance
The Reinsurance Association of America (RAA) is hopeful that banking regulators in the US will clarify guidelines relating to mortgage products and make it clear that banks can accept flood insurance policies from the private insurance market—something that would help the private flood insurance market to grow. 28 October 2018
Insurance
The reinsurance market could see the vertiginous market pricing cycles of the past replaced with a much smoother ride, Charles Goldie, chief executive officer of property & casualty at PartnerRe, told PCI Today. 28 October 2018
Insurance
Aon is confident about its organic growth potential as its competitor Marsh & McLennan Companies (MMC) acquires specialty re/insurance broker Lloyd Thompson Group (JLT), Gregory Case, Aon CEO suggested during the broker’s third quarter 2018 results conference call. 27 October 2018
Insurance
Changes in US corporation tax as well as an improved performance in number of lines of business including commercial lines and personal lines boosted third quarter results at The Hartford in 2018. 26 October 2018
Insurance
American International Group (AIG) has received the final approval from the High Court of England & Wales to split its European business among two new entities ahead of the UK’s exit from the European Union. 26 October 2018
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