News
Insurance
The Covered Agreement between the EU and the US makes these markets more attractive for reinsurers from the opposite side of the Atlantic, increasing competition and therefore adding pressure on pricing and conditions. 20 January 2017
Insurance
Cost implications of continuing to access EU business and any downturn in the UK economy resulting from Brexit are likely to weigh on insurers, according to an AM Best report titled “Brexit Uncertainties Weigh on UK Insurers but Rated Entities Able to Withstand Pressure.” 20 January 2017
Insurance
Private US property/casualty insurers suffered a $1.7 billion net underwriting loss in the first nine months of 2016-following a $7.3 billion net underwriting gain in nine-months 2015, according to ISO, a Verisk Analytics business, and the Property Casualty Insurers Association of America (PCI). 20 January 2017
Insurance
The covered agreement between the EU and the US will establish a level playing field for transatlantic reinsurance business. But as it makes underwriting more attractive for reinsurers from the opposite side of the Atlantic, it is set to increase competition in both markets, adding pressure on pricing and conditions in an already soft market. Other countries like Switzerland don't want to be left behind. 19 January 2017
Insurance
Abolishing regulatory requirements that mean EU and US reinsurers must post collateral for their transatlantic business will provide an important boost to reinsurers' liquidity and investment freedom, according to Fitch Ratings. 18 January 2017
Insurance
The Swiss insurance market remains resilient, despite the challenge of consistently low interest rates and shrinking margins in the Swiss life insurance market, according to Fitch Ratings. 18 January 2017
Insurance
Business interruption remains the top corporate peril for the fifth year in succession, according to the Allianz Risk Barometer for 2017, which is based on the views of more than 1,000 risk experts from more than 50 countries. 13 January 2017
Alternative Risk Transfer
Although there are hints towards pricing stabilisation in the global reinsurance market, continuing declines driven by increased competition and a lack of significant natural catastrophe losses signal a challenging 2017. Intelligent Insurer investigates. 12 January 2017
Insurance
AGC, a subsidiary of insurer Assured Guaranty, has completed the acquisition of MBIA UK Insurance, and will soon rebrand the company as its subsidiary. 11 January 2017
Insurance
The speed of convergence capital entering the market seems to have slowed, according to a new AM Best briefing. 10 January 2017
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