Reinsurance
Munich Re warns on New Zealand earthquake capacity
A senior member at Munich Re has given a warning on the ability to provide earthquake cover in New Zealand in the future.
Market Moves: August 2017
Some of the movers and shakers in the market this month
Hannover Re completes acquisition of Lloyd's syndicate
German reinsurance giant Hannover Re has completed the acquisition of the UK holding company Argenta Holdings.
Insurtech funding hits $985m, up 248% in Q2
Funding for Insurtech start-ups saw a 248% increase to $985m during the second quarter of 2017, said Willis Re.
Nexus enters US market with Zon Re deal
Specialty managing general agent Nexus Group has acquired US personal accident treaty reinsurance MGA Zon Re.
Reinsurance rates fall in June and July renewals
Reinsurance market pricing has maintained the downward trend seen at the January and April renewals, despite first quarter deterioration for many reinsurers’ results, according to Willis Re.
Analysis: Why cruise lines may find captives attractive
A captive insurance vehicle can be an attractive option for a cruise line, and Bermuda is a premier ‘home port’ for such vehicles.
Reinsurance supply hits new high as capital tops $605bn in Q1
Global reinsurer capital stood at a peak level of $605bn at 31 March 2017, an increase of 2% from the end of 2016, according to Aon Benfield.
Covered agreement given the go ahead from Trump administration
The Trump administration has announced that it will honour the covered agreement, which aims to create uniform rules dealing with insurance and reinsurance transactions between the United States and European Union.
Lloyd’s Secrett joins Tokio Millennium Re
Tokio Millennium Re has named Lloyd's interim head of underwriting performance Brian Secrett as chief underwriting officer.
Interview: Grenfell Tower insurer reveals UK expansion plans
It is estimated that the Grenfell Tower fire could result in claims of up to £50m. However, the carrier responsible for insuring the building said that its expansion plans for the UK remain undimmed.
Neon appoints Mark Gibson as reinsurance and alternative capital director
Neon has appointed Mark Gibson as reinsurance and alternative capital director, effective immediately.
This Month: Prizes, picnics and personalities
Taxis working the Royal Albert Hall patch this week had their hands and seats full, chauffeuring well-dressed ladies and gentlemen to the prestigious British Insurance Awards
GDPR ‘a shot in the arm’ for cyber insurance
The incoming EU data protection regulation is likely to be a “shot in the arm” for the cyber market, resulting in a marked growth in cyber insurance revenues, according to AM Best.
Willis Re names James Kent global CEO
Willis Re has announced that James Kent will succeed John Cavanagh as global CEO.
Stephen Catlin given the prestigious Achievement Award at the 2017 British Insurance Awards
Described as “a true statesman of our industry”, Stephen Catlin was a worthy winner of the achievement award at the 2017 British Insurance Awards last night.
Ex-Swiss Re boss Michel Liès to be Zurich chairman
Former Swiss Re CEO Michel Liès has been proposed as the chairman for Zurich from next year.
Axis to buy Novae for £468m
Axis Capital has made an offer to buy Lloyd’s insurer Novae for £467.6m.
Analysis: London’s global reinsurance market share falling as rivals take a bigger slice
London Matters Report highlights key areas of concern
Markerstudy injects capital to fix £109m solvency deficit
Markerstudy was forced to inject fresh cash into the business after falling short of its solvency requirement by £109m.
Ed appoints James Blacker as P&C managing director
Global reinsurance, wholesale and specialty broker Ed has appointed James Blacker as managing director of property and casualty.
Government to introduce ILS framework in the autumn
The Government is to introduce a framework for Insurance Linked Securities before parliament with the hope of getting it up and running in the autumn, the Economic Secretary to the Treasury, has said.
Equivalence is not a substitute for mutual market access agreement: ABI
Regulatory and Solvency II equivalence is not an adequate replacement for a proper agreement on mutual market drawn up by government, the industry has heard.
Axa's Gareth Howell on putting customers before innovation
Innovation is currently the talk of our industry for good reason. We are facing potentially challenging times, with start-ups bringing new tech, new ideas and a new outlook to the sector. However, Gareth Howell, managing director of personal direct and…