All Monte Carlo News
Insurance
Inflation is not going to go away, so the issue facing the re/insurance industry is how to contain it. That is the view of Pete Chandler, president and chief executive officer of BMS Re. Factor in climate change, and the industry is pressed to find new solutions—but Chandler believes it has the talent to achieve these. 13 September 2022
Insurance
Excessweather, a Lloyd’s broker that specialises in parametric products, has seen demand for its products and expertise surge thanks to a combination of new technology enabling the use of such solutions and a greater awareness of the possibilities globally. 13 September 2022
Insurance
Discussions about capacity are more complex at this year’s Monte Carlo than at previous meets, according to Jim Bichard, global insurance leader, PwC. 13 September 2022
Insurance
The idea of a widespread cat capacity crisis is “nonsense”. Capacity is available and the largest European reinsurers are even willing to write more—with the exception of US cat peak zone risks, James Vickers, chairman, international, reinsurance, Gallagher Re, told Intelligent Insurer. 13 September 2022
Insurance
A flight to quality has taken place by investors that now applies to all investment opportunities in the property-cat space, Jarad Madea, head of TigerRisk Capital Markets and Advisory, told Intelligent Insurer. 13 September 2022
Insurance
“One aim is to keep things that are difficult to insure insurable—that is the challenge for today,” according to Thierry Léger, group chief underwriting officer at Swiss Re, as he spoke at the reinsurer’s Monte Carlo event on various topics including climate change. 13 September 2022
Insurance
“The market is at a very interesting point where we see inflation, post-COVID-19 pain and nat cat development, almost certainly being driven by global warming, and specifically what we used to call secondary perils.” 13 September 2022
Insurance
The use of satellite imaging by the re/insurance industry is gaining pace, and international satellite company ICEYE is working with a growing number of industry players to provide them with rapid insights into natural catastrophes. 13 September 2022
Insurance
The volume of re/insurance legal disputes has increased significantly since the COVID-19 pandemic but cases on the reinsurance side are taking time to be resolved, according to Stephen Netherway, partner at law firm Devonshires. 13 September 2022
Insurance
The insurance industry will never be able to entirely close the protection gap—and the same is true for the public sector. That’s why the United Nations Development Programme’s (UNDP) senior advisor Daniel Stander believes the “false bifurcation” between the two sectors must be eradicated. 13 September 2022
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