Articles

Insurance

Brexit stockpiling creates trade credit insurance shortfall risk

Suppliers are at risk of having insufficient trade credit insurance as some British firms, such as retailers and manufacturers, stockpile goods amid mounting concerns of a no-deal Brexit, according to Marsh, an insurance broking and risk management solutions provider.   25 October 2018

Insurance

Aspen reduces loss in Q3 ahead of Apollo takeover

Bermuda-based Aspen Insurance Holdings has reduced its loss in the third quarter of 2018 as the company experienced a lower catastrophe impact.   25 October 2018

Insurance

Universal to pass hurricane Michael loss to reinsurers

Florida-based Universal Insurance Holdings is passing the expected $300-350 million gross losses and loss adjustment expenses from hurricane Michael almost entirely to its reinsurance panel.   25 October 2018

Insurance

Mexico’s insurers can absorb hurricane Willa losses

Mexico’s insurance industry overall remains well-capitalized and can absorb the financial impact generated from Hurricane Willa, according to AM Best.   25 October 2018

Insurance

Chubb reveals new risk management, global A&H leaders

Property/casualty insurer Chubb has named Keith Higdon as president of ESIS, the company's risk management solutions division, and Joe Vasquez as new head of global accident and health insurance business.   25 October 2018

Insurance

Aon taps senior hires from AXA, Howden

Aon has made two senior hires from Howden and AXA for its private clients division.   25 October 2018

Insurance

UnipolRe hires senior underwriter from Canopius

UnipolRe, a Dublin-based reinsurer backed by Italian insurer UnipolSai Assicurazioni, has appointed Thierry Pelgrin as a senior underwriter for France, DACH, Belgium, Southern Europe & the Central and Eastern Europe (CEE).   25 October 2018

Insurance

Stop-gap cover for silent cyber

Aon has launched a new solution designed to help insurers identify, quantify, and eliminate so-called silent cyber in their portfolios—backed by a reinsurance policy. Luke Foord-Kelcey of Aon’s Reinsurance Solutions business explained more to Baden-Baden Today.   23 October 2018

News

Winds of change in a soft market

Reinsurers have stopped worrying about the elongated soft market and are now more inclined to improve their performance in other ways. A panel discussed these trends at a roundtable in Baden-Baden, hosted by Intelligent Insurer and sponsored by S&P Global Ratings.   23 October 2018

Insurance

No value in post-cat estimates

Publishing market-wide loss estimates for natural catastrophes creates headlines but they can be unhelpful to clients calculating estimates for specific portfolios, Adam Podlaha, head of Aon Benfield’s Impact Forecasting team, told Baden-Baden Today.   23 October 2018

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