News
News
Benoît des Cressonnières, chief executive officer of Euler Hermes Reinsurance, with responsibility for the company’s buying programme, says he is expecting a steady renewal with little change in pricing, despite some pressure from reinsurers for rate increases on the back of the 2017 catastrophe losses suffered by many global reinsurers. 22 October 2018
News
A growing number of larger insurers in Europe have restructured their reinsurance programmes whereby they place centralised multi-risk covers through global broker programmes—a trend that has made life tougher for smaller reinsurers. 22 October 2018
Insurance
Lloyd’s profitability review could act as a catalyst to turn rates in the marine market—but larger insurers not part of the market could find it harder to achieve rate increases because of wider client relationships, Adrian Poxon, head of global specialty reinsurance, Sompo International, told Baden-Baden Today. 22 October 2018
Alternative Risk Transfer
The risk transfer landscape is being transformed by consolidation and the idea that bigger and more diversity is better—particularly if access to alternative capital is involved. But, just like in real life, some recent marriages—especially those rushed into for the wrong reasons—may well end in divorce. Intelligent Insurer reports. 18 October 2018
Insurance
AM Best has downgraded Bahrain-based Trust International Insurance & Reinsurance Company (Trust Re) after extended delays in the release of its audited financial statements. 16 October 2018
Insurance
As the renewal season approaches, the airline insurance market is showing definitive upwards movement across all business sectors, according to the latest JLT Aviation newsletter. 15 October 2018
Insurance
Marsh & McLennan’s acquisition of JLT has been on the cards for some time. While the two players complement each other in many areas, Marsh has taken on a lot of debt to finance the deal—which may cause it problems. Intelligent Insurer reports. 12 October 2018
Insurance
Bermuda-based Maiden Holdings as agreed to sell its US facultative business including its team of specialists to Japan-based Sompo Group. 10 October 2018
Insurance
Andrew Brooks, CEO of Ascot Underwriting, has been appointed the next chairman of the Lloyd’s Market Association (LMA) with effect from Jan.1, 2019. 10 October 2018
Insurance
The profitability of London Market insurers is set to remain under pressure in 2018, according to Fitch Ratings. 10 October 2018
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