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Insurance
A rapidly changing risk landscape will mean many new risks for reinsurers to grapple with and overcome but these will also yield many opportunities for the industry, Bob Forness, chairman and chief executive officer of MultiStrat Holdings, told Monte Carlo Today. 11 September 2017
Insurance
New UK regulations designed to enable an insurance-linked securities (ILS) market in the London Market could have the potential to be a game-changer for parts of the ILS markets but much still depends on how the Prudential Regulation Authority (PRA) adopts and embraces the concept, with the regulator having the potential to make or break the market. 10 September 2017
Insurance
Indian reinsurer GIC Re is preparing to launch an IPO. Chairman-cum-managing director Alice G Vaidyan explains the reasons behind it and the company’s plans for the months ahead to Monte Carlo Today. 10 September 2017
Alternative Risk Transfer
Hurricane Irma is expected to cause much higher insured losses than Hurricane Harvey and may result in a capital event for re/insurers, said a report published Sept. 8 by S&P Global Ratings. 9 September 2017
Insurance
Direct Line Insurance Group has appointed Penny James as chief financial officer and executive director on its board, effective Nov. 1. 9 September 2017
Insurance
With total economic losses estimated to reach tens of billions of dollars at the minimum, Harvey is likely to become one of the costliest natural disasters on record, according to Aon Benfield’s catastrophe model development team Impact Forecasting. 9 September 2017
Insurance
The US Congress has extended the deadline to renew or repeal its National Flood Insurance Program (NFIP). 9 September 2017
Insurance
Reinsurance broker Guy Carpenter & Company, a wholly owned subsidiary of Marsh & McLennan Companies (MMC), has appointed Andre Eisele as CEO of the Pacific Region. 8 September 2017
Insurance
European run-off insurance company DARAG has announced a legacy transaction in Israel with an undisclosed insurer. 8 September 2017
Alternative Risk Transfer
Catastrophe bond issuance has reached a record high in the 12-month period ending June 30, 2017, while alternative capital reached a new high, according to Aon’s September 2017 Insurance-Linked Securities report. 7 September 2017
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