News
Insurance
PartnerRe made a big loss in the third quarter of 2017 because of cat losses related to the hurricanes Harvey, Irma and Maria. But the company also enjoyed continued steady growth and said it anticipates improving pricing conditions. 17 November 2017
Insurance
Hurricanes Harvey, Irma and Maria (HIM), along with earthquakes in Mexico and California wildfires could result in 2017 being a record year for insured cat losses, according to Fitch Ratings' 'European Reinsurance Dashboard - 3Q17 Results'. 16 November 2017
Insurance
It is a clear growth opportunity for reinsurers, but flood risk also represents a very difficult challenge for reinsurers to model and price accurately, says Jeremy Walker, reinsurance underwriter at Tokio Marine Kiln. 16 November 2017
Insurance
Bermuda-based PartnerRe plans to double its market share in Latin America within the next three to five years, the head of Latin America Humberto Cabrera, told FIDES Today. A prerequisite for the expansion is that the growth is profitable, Cabrera noted. 15 November 2017
Insurance
Reinsurance rates in the Latin American region are sometimes lower than those in Europe, making it difficult for Sompo to justify the deployment of capital to the region. 15 November 2017
News
The main issue for the Latin American market at FIDES will be where rates, capacity and terms and conditions land, according to Aidan Pope, chief executive officer of Latin America & Caribbean at Guy Carpenter. 14 November 2017
Insurance
Chord Re, a new reinsurance-focused managing general agency (MGA), has been launched by the former head of Aspen Re London Stefan Long, and will begin underwriting on behalf of Neon Syndicate 2468 from January 2018. 14 November 2017
Insurance
Mexico’s insurance industry is still assessing the aftermath of two earthquakes in September. AM Best’s Alfonso Novelo, senior director-analytics, and Elí Sanchez, senior financial analyst, addressed questions on the potential impact on insurers for FIDES Today. 14 November 2017
Alternative Risk Transfer
Despite several downside risks for the Latin American growth outlook, the insurance outlook for the region remains “relatively bright” this year, according to Fitch Ratings. 13 November 2017
Insurance
Latin American ceding companies can gain key insights from abroad, particularly from Europe, Philippe François, global head of business development, AXA Life and Health Reinsurance, told FIDES Today. 13 November 2017
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