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AM Best is about to change its methodology, yet most brokers and reinsurers seem to be ignoring what is either a potential opportunity or an impending crisis, as Peter Hughes, founding director at Litmus Analysis, explains. 25 October 2016
Insurance
Some reinsurance programmes are now entering territory where the price is unsustainable, and the market seems to be stabilising as a consequence, Monica Ningen, head of property underwriting for the US & Canada at Swiss Re, told PCI Today. 25 October 2016
Insurance
Only 40 percent of the top 100 US property and casualty (P&C) insurers reported an underwriting profit over the last five accident years. 25 October 2016
Insurance
There will be less talk of rate reductions in Baden-Baden this week as buyers and brokers have both accepted that further reductions will not help the market, Geoffrey Peach, executive vice president of TransRe Europe and chief executive of TransRe London, told Baden-Baden Today. 24 October 2016
Insurance
In the annual Intelligent Insurer roundtable in Baden-Baden in association with S&P Global Ratings, senior executives from reinsurers, brokers and buyers debated how the buying landscape is changing in Europe and what the definition of innovation in reinsurance should be. 24 October 2016
Insurance
Zurich Insurance will seek further efficiencies in its reinsurance programme by combining parts of its two major placements globally, in a move that will benefit its core reinsurance partners at the cost of some smaller players, Markus Meier, head of reinsurance management at Zurich Insurance Company, told Baden-Baden Today. 24 October 2016
Insurance
The increasing use of technology to gather data and improve risk assessment is set to move business from retail insurers to commercial insurance providers—a transition that will also benefit reinsurers. 24 October 2016
Insurance
Overcapacity in the industry is a red herring—the real issue is one of underinsurance, writes John Holm, executive, MGA Investments at Asta Underwriting Management. 24 October 2016
Insurance
Re/insurers are making more capacity available for parametric weather coverage, which is driving prices down, according to Kurt Cripps, managing director at Aon Benfield, who said that the broker has created a panel of more than 15 carriers. 24 October 2016
Insurance
As traditional lines remain challenging for re/insurers, diversifying into US mortgage credit business can offer lucrative growth opportunities, Joe Monaghan, executive managing director, Aon Benfield tells PCI Today. 24 October 2016
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