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Insurance
Some executives running managing general agents (MGAs) should be prepared for the potential effect on their own businesses of losses from the series of hurricanes that have hit the US and the Caribbean—even if they have no direct exposure to the area. 10 September 2017
Insurance
With the pressures on reinsurers unlikely to change over the next 12 months due to alternative capital providers putting ever more pressure on their underwriting performance, Fitch believes more mergers & acquisitions could be triggered in 2018. 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
Insurance
Around half of industry practitioners see the risk of “silent cyber” exposure—potential cyber-related losses due to silent coverage from insurance policies not specifically designed to cover cyber risk—as growing over the coming year, according to a survey conducted by Willis Re. 10 September 2017
Insurance
Despite difficult market conditions and deteriorating profits, reinsurers have maintained strong balance sheets and disciplined underwriting and adjusted to what has been termed a ‘new normal’. As a result, Moody’s has changed its outlook for the global reinsurance sector from negative to stable. 10 September 2017
News
Some 18 months ago, Stephen Postlewhite, chief executive officer of Aspen Re, was moved to head up the group’s insurance business and tasked with repositioning the business and implementing a new business model. He spoke to Intelligent Insurer about his achievements so far and the challenges to come. 9 September 2017
Insurance
Insurance broker Marsh has made several chances to its global management structure, including new appointments to its executive management team and new divisions. 7 September 2017
Insurance
Digital Partner, a unit of Munich Re, has entered into a partnership with insurtech company Drover to launch a tailor-made product for ride-sharing drivers and fleet owners. 6 September 2017
Insurance
Irma’s insured damage in Florida could be the largest ever in the US, perhaps equivalent to Hurricane Katrina in 2005 which recorded $50 billion on an inflation-adjusted basis, Barclays analyst Jay Gelb said in a Sept. 5 equity research analyst note. 6 September 2017
Insurance
Tokio Marine Group has revealed its plan to set up an insurance company in Luxembourg for writing European business after Brexit. 6 September 2017
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