Reinsurance
Reinsurance for Flood Re scheme could reach £2.4bn
Reinsurance coverage required for the Flood Re scheme could be as high as £2.4bn with the broker tasked with coordinating reinsurance arrangements expected to be appointed in Q2.
Post magazine – 16 January 2014
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C-Suite: Look east for growth opportunities
To grow and prosper, all businesses need to seek new territories and then adapt their model to the needs of the local market. This is especially true of modern Lloyd’s brokers, for which simply being in London ceased to be the ultimate competitive…
Town joins Barbican as non-marine reinsurance underwriter
Barbican Insurance Group has appointed Lucy Town as an underwriter in the firm’s non-marine reinsurance department, with immediate effect.
Post magazine – 9 January 2014
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Calm 2013 US hurricane season reduced nat cat claims by 50%
According to Munich Re, insured losses from natural catastrophes globally last year declined to around $31bn compared with $65bn in 2012 and the average for the last ten years of $56bn.
Reinsurance renewals remain ‘tough’ despite reduced concerns over PPOs
Insurers benefiting from non-motor rate reductions across the board.
Alternative reinsurance capacity 'here to stay' after record 2013 ILS issuance
Insurers will continue to find plentiful reinsurance capacity for property-catastrophe risks following rate reductions secured in the January 2014 renewals, according to Guy Carpenter.
Catastrophe reinsurance premiums down 11%
Rates for property-catastrophe reinsurance tumbled 11% in 2014 renewals figures from Guy Carpenter revealed.
Ex-Garwyn chief Niemczewski moves to Tawa
Former Garwyn chief executive Artur Niemczewski has been appointed CEO of Tawa's restructured service business.
S&P affirms AA- rating for Swiss Re
Ratings agency Standard and Poors has affirmed its AA- rating of Swiss Re and predicts the rating will remain stable in the long-term.
Post magazine – 19/26 December 2013
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Ascent launches medical billings E&O cover for US
Ascent Underwriting has launched a medical billings errors and omissions insurance product specifically aimed at the US healthcare professionals.
Post magazine – 12 December 2013
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Editor's comment: Welcome home, Chily
Carslberg doesn’t do reinsurance broking chiefs, but if it did, they would probably be former Benfield chief executive Grahame ‘Chily’ Chilton.
Chilton tipped to help Gallagher overcome previous reinsurance failings
‘Challenger brand’ expected to benefit from former Benfield CEO’s expertise.
Canopius unveils new head of international liability insurance
Reinsurance underwriter Canopius Group has appointed Andrew Pooley as head of its international liability insurance line.
Ex-Benfield CEO to take on Aon with Capsicum 'challenger brand'
Arthur J Gallagher’s entrepreneurial approach to business was a major factor in Grahame Chilton's decision to partner his reinsurance intermediary business Capsicum Re with the broker, he has told Post.
Gallagher partners with Grahame Chilton for reinsurance project
Arthur J Gallagher is to launch a new reinsurance intermediary with former Benfield CEO Grahame Chilton.
Post magazine – 5 December 2013
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Interview: Ian Parker: Taking the scenic route
Ian Parker’s search for the right firm took him across the globe before he finally found his ‘sweet spot’ with Equity. The chief executive tells Post why the insurer is such a perfect fit.
Post Magazine - 28 November 2013
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Q&A: Craig Cannonier and Bob Richards: Bermudian bigwigs
Bermuda’s Premier and Finance Minister discuss the island’s insurance industry and its relationship with the UK market.
Swiss Re's Schnegg relocating to Singapore
Swiss Re's head of property and casualty and claims manager in Asia is relocating to Singapore from Switzerland at the beginning of January.