News
Insurance
Solvency II creates an environment for greater risk-driven management of the re/insurance companies doing business in and with Europe, say Andrew Cox, Matthew Eagle and Eddy Vanbeneden of Guy Carpenter. 19 October 2016
Insurance
The Bermuda Business Development Agency (BDA) and other business bodies including the Association of Bermuda Insurers and Reinsurers have praised the resilience of Bermuda and the speed with which much of its critical infrastructure reopened in the aftermath of Hurricane Nicole. 17 October 2016
Insurance
The persisting economic uncertainty, which has hit some sectors particularly hard, is leading to an increase in credit claims on a scale not seen since the 2008 financial crisis, Kent Chaplin, chief executive officer, Lloyd’s Asia-Pacific, told EAIC Today. 13 October 2016
Insurance
Joining the NatCatDAX Alliance, which has been set up to help increase data availability for natural catastrophe insurance in Asia, represents a unique opportunity for PERILS to establish its presence in the Asia region, Eduard Held, head of products at PERILS, told EAIC Today. 11 October 2016
Insurance
Reinsurers’ underwriting performance declined in the first half of 2016 due to higher natural catastrophe losses – and the negative trend is set to continue into 2017, according to Fitch Ratings. 10 October 2016
Insurance
The advent of Solvency II led many European countries to tweak their reinsurance laws—in a way that will hinder US reinsurers wishing to write business in those countries. Intelligent Insurer reports. 30 September 2016
Insurance
In a speech at the General Insurance Research Organisation conference in Dublin, David Rule, Bank of England executive director of insurance supervision since July, said that the Prudential Regulation Authority (PRA) is concerned that general insurance firms may not be adequately managing their exposures. 21 September 2016
Insurance
Lloyd’s and the Lloyd’s Market Association (LMA) have made a deal with US hurricane model provider Applied Research Associates (ARA), which will provide its Hurloss hurricane model and Middle East earthquake model to subscribing managing agents on a shared service basis. 19 September 2016
Alternative Risk Transfer
The insurance-linked securities (ILS) market has performed well so far in 2016 despite the fact returns are a lot lower than they once were, Lixin Zeng, the head of AlphaCat Managers, Validus Group’s fund management business, told Monte Carlo Today. 14 September 2016
Insurance
InsurTech companies, the catch-all term for technology vendors targeting the re/insurance industry, have the potential to change the entire structure of the sector. 13 September 2016
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