Articles

Insurance

Maritime industry not prepared for cyber, data theft threat

The maritime industry does not appear to be prepared for any of the major issues it faces, including the ones deemed to have potentially the biggest impact on the sector such as cyber-attacks and data theft.   3 October 2018

Insurance

Cat events to weigh on P&C insurers’ Q3 results

Multiple global catastrophe events could push the US property/casualty insurance industry loss above historical third quarter average levels of $13 billion, according to Morgan Stanley Research.   3 October 2018

Insurance

Fitch upgrades Indonesia Re

Fitch Ratings has upgraded Reasuransi Indonesia Utama (Persero)'s (Indonesia Re) international Insurer Financial Strength (IFS) Rating to 'BBB-' (Good) from 'BB+' (Moderately Weak). Fitch Ratings Indonesia has also affirmed the company's National IFS Rating of 'AA (idn)'.   3 October 2018

Insurance

Typhoons put pressure on Tokio Marine, MS&AD, Sompo

The recent run of large natural disasters to hit Japan has put downward pressure on the creditworthiness of the nation's three largest non-life insurance groups, S&P Global Ratings suggested in a briefing.   3 October 2018

Insurance

Aon launches Americas capital advisory services, appoints head

Aon has launched its Americas capital advisory team to help re/insurers identify and deliver balance sheet solutions that reduce volatility and increase profitability.   1 October 2018

Insurance

GIC Re retains first right to reinsurance business in India

The Insurance Regulatory and Development Authority of India (IRDAI) has allowed state-run General Insurance Corporation (GIC) to retain the first right to offer reinsurance in India, BloombergQuint reported citing two people present at the firm’s recent board meeting.   1 October 2018

Insurance

Africa’s reinsurers predict rising rates, profitability

Africa’s reinsurance and brokerage executives predict rising rates and profitability on the back of rebounding markets and a resurgent economy, according to the third edition of the Africa Reinsurance Pulse report.   1 October 2018

Alternative Risk Transfer

ILS market continues healthy growth

The global ILS market is looking increasingly healthy, as a wide range of industry experts told Intelligent ILS at this year’s Monte Carlo Rendez-vous.   28 September 2018

Insurance

US insurtech Broker Buddha launches new quoting platform for commercial insurers

Insurtech startup Broker Buddha has launched a new quoting platform for carriers, wholesalers and managing general agents (MGAs), in partnership with Dallas-based commercial insurance wholesaler Towerstone.   28 September 2018

Insurance

Rising interest rates lift insurers’ profitability

A trend to a gradual rise in global interest rates which may be starting to take hold is credit positive for the profitability of insurers, Moody’s said in a research note.   27 September 2018

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