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Flood Re, the UK Government’s scheme to pool flood risk, may face higher-than-expected claims in the future, as spending on flood defences fails to meet requirements says Fitch Ratings. 19 March 2014
Insurance
Reinsurers and brokers should better educate themselves on how reinsurance can impact their clients’ ratings, as focusing on the agency capital models alone is often inadequate. 9 September 2018
Insurance
But FCA prefers looking after the little guy, signals leeway for sophisticated client and product segments. 27 January 2022
Insurance
Peruvian re/insurer Rimac Seguros has been authorised to offer reinsurance coverage in Colombia. 28 April 2014
Insurance
Marsh & McLennan’s (MMC’s) reinsurance unit Guy Carpenter has seen its revenues fall by 20 percent year on year in the third quarter of 2018 to $215 million. 25 October 2018
Insurance
Analysts expect the coronavirus-led downturn to weigh on profitability of Japan's top three P&C insurers Mitsui Sumitomo, Sompo and Tokio Marine. 2 June 2020
News
Fitch Ratings has downgraded PartnerRe’s insurer financial strength (IFS) rating to A+ from AA-. 21 March 2016
Alternative Risk Transfer
AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a+” to Bermuda-based Vermeer Reinsurance, a property catastrophe reinsurer that has recently been launched by RenaissanceRe and Dutch pension fund manager PGGM. 20 December 2018
Insurance
In association with Swiss Re, Baden-Baden Today has been conducting a survey of conference delegates, the responses to which will be published daily. 19 October 2015
Insurance
Rating agency AM Best has withdrawn its ratings of Lloyd’s Syndicate 1225, which is managed by AEGIS Managing Agency, at the firm's request. 4 June 2018
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