Articles
Insurance
MGA owners perform better if their interests are aligned with those of their carriers. Citadel Risk Services has developed a unique way of achieving this, as Mike Palmer of Citadel explained to Baden-Baden Today. 22 October 2018
Alternative Risk Transfer
Parametric cat bonds can help the countries of South Eastern Europe, Central Asia, the Caucasus, and the Commonwealth of Independent States as well as Turkey (ECIS) close the protection gap associated with natural catastrophe risk, Kirill Savrassov, chief executive officer of Phoenix CRetro, a niche Bermudian ILS specialist, told Baden-Baden Today. 22 October 2018
Insurance
UnipolRe, the Dublin-based reinsurer backed by Italian insurer UnipolSai Assicurazioni, has sent its largest ever team to Baden-Baden this year as it looks to consolidate the healthy growth it has enjoyed in the region. 22 October 2018
Insurance
Former DARAG CEO and current SOVAG chairman Arndt Gossmann has revealed plans to create a new risk carrier focusing on portfolio restructuring of non-life insurers in Europe with Munich Re as its reinsurance partner. 19 October 2018
Insurance
American International Group (AIG) expects to report third quarter 2018 pre-tax catastrophe losses, net of reinsurance, of approximately $1.5 to $1.7 billion. 19 October 2018
Insurance
Broker Aon has established a new ventures group as part of its growth strategy and assigned members of its senior leadership team to oversee it. 19 October 2018
Insurance
Asset manager New Nordic Advisors has revealed that its Denmark-based wholly-owned subsidiary Qudos Insurance will cease to underwrite new business with immediate effect, pending a restructuring of the business. 19 October 2018
Insurance
London-based managing general agent (MGA) startup Agile Risk Partners and US-based insurtech OnRisk are collaborating to develop an advanced, CAD-style platform for underwriting, structuring and distributing high-value P&C risk. 19 October 2018
Insurance
Bermuda-based Everest Re Group estimates pre-tax catastrophe losses for the third quarter of 2018 of $240 million, net of reinsurance. 19 October 2018
News
Swiss Re estimates its preliminary combined claims burden from recent large natural catastrophes in the third quarter of 2018 at approximately $1.1 billion, net of retrocession and before tax, dominated by weather-related losses in Japan. 18 October 2018
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