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Although the European market generally enjoys fewer big losses in comparison with the US, the recent flood losses in Germany and Central Europe represent a stark reminder that big losses do occur and can hit the market’s insurers hard. 20 October 2013
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The reinsurance industry must rediscover its core skill of assessing, managing and transferring risks instead of being preoccupied with the continuing influx of capital into the market. 20 October 2013
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Tokio Millennium Re (TMR) has completed its re-domestication to Switzerland from Bermuda. The move represents the start of a wider strategy of growth and diversification for the company in Europe, the US and Asia. 15 October 2013
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Aspen Reinsurance has appointed Michael Dicker as global head of its agriculture reinsurance business. 7 October 2013
Awards
27 September 2013
Insurance
Swiss Re Corporate Solutions has announced the expansion of its marine insurance footprint in Continental Europe through the formation of a dedicated underwriting team in Paris. 23 September 2013
Insurance
Tokio Marine Europe Insurance has appointed Wayne Krause as European head of marine underwriting. His new position now includes direct responsibility for the UK marine portfolio in addition to oversight of Tokio Marine Europe Insurance’s marine underwriting activities on the Continent. 17 September 2013
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PERILS AG, the independent Zurich- based company providing industry-wide catastrophe insurance data, has seen a huge growth in use of its data over the past five years. 10 September 2013
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As alternative capacity floods the market, reinsurers will continue to loosen terms and conditions in order to retain business. That is the view of Paul Horgan, global head of group reinsurance at Zurich Insurance. 10 September 2013
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Athens-based independent broker Matrix has continued to chip away at global domination, successfully becoming a Lloyd’s broker last year. Intelligent Insurer speaks to Gerry Tighe, head of treaty at the firm, about how the company has secured itself as the leading reinsurance broker in Greece and Cyprus. 9 September 2013
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