News
Insurance
Bermuda-based Fidelis Insurance is replacing its chief underwriting officer and Bermuda CEO Ben Savill who will “leave to pursue other opportunities”. 14 September 2018
Insurance
A recovery of the US excess and surplus (E&S) lines insurance market is benefitting US property & casualty (P/C) insurance companies, according to a Fitch Ratings report. 14 September 2018
Alternative Risk Transfer
The re/insurance industry should brace itself for losses of between $15 billion and $20 billion, according to the guidance of risk modelling agencies and analysts. 13 September 2018
News
Allianz is pleased with how its property-catastrophe reinsurance programme responded to the 2017 losses related to hurricanes Harvey, Irma and Maria (HIM) but it is still refining the way it covers manmade risks in its portfolio, Amer Ahmed, CEO of Allianz Re, which handles the insurer’s reinsurance buying programme, told Monte Carlo Today. 12 September 2018
Insurance
The majority of re/insurance professionals believe that the Lloyd’s profitability review will have some impact on the wider market, whether that be through the hardening of some lines or triggering more discipline, or even weakening Lloyd’s overall influence. 12 September 2018
Insurance
Tokio Millennium Re (TMR) is resilient and strong—but also nimble and ambitious, according to Brian Secrett, its chief underwriting officer. 12 September 2018
Insurance
Extraordinary Re, an insurtech company that has created a trading platform run by Nasdaq for investors to trade assets tied to insurance liabilities, is looking to roll out its offering and is launching a presence in Bermuda, according to chairman and chief executive officer Will Dove. 12 September 2018
Alternative Risk Transfer
Insurance-linked securities (ILS) capabilities are increasingly becoming a coveted asset as re/insurers aim to be able to access different forms of capital, Stephan Ruoff, CEO of Tokio Millennium Re (TMR), told Monte Carlo Today. 12 September 2018
Insurance
Against an industry backdrop of slim underwriting profitability, slim investment returns and a stymied ability to release reserves, all of which are true for Lloyd’s syndicates at the moment, carriers must look more closely at how they access capital—and how they work their own capital, Eric Paire, head of Capital Advisory at Aon Benfield, told Monte Carlo Today. 12 September 2018
Insurance
Automation in the commercial insurance space has taken longer to evolve than in personal lines because the data is less homogenous, but the pace is now accelerating and technology is set to transform the job of underwriters, as Intelligent Insurer finds out. 11 September 2018
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