Reinsurance
Lloyd’s AA rating upgrade far from certain as CEO speculation continues
Catlin COO Paul Jardine emerges as popular choice to succeed Richard Ward.
Swiss Re warns of major disaster threats to East Asia
Eight urban areas in East Asia are most at risk from natural disasters when taking data from across the world according to Swiss Re.
Tysers strengthens energy team with AAA hires
International insurance and reinsurance broker Tysers has made two key appointments to strengthen its energy team.
Swiss Re forecasts $240m hit from German hailstorms
Hailstorms in northern and southern Germany in July will generate a claims burden of approximately $240m (€177.6m) for Swiss Re, the firm said today.
APPG calls for mixed properties to be included in Flood Re
The All Party Parliamentary Group on Insurance and Financial Services has called for residential homes which are used as commercial premises to be covered under the government’s proposed Flood Re scheme.
JLT Group to acquire Towers Watson's reinsurance brokerage business
Jardine Lloyd Thompson Group is to acquire the reinsurance brokerage business of Towers Watson for a cash consideration of $250m (£156m).
Post magazine – 19 September 2013
This week's issue of Post is now available to subscribers.
Gibraltar’s appeal as an insurance hub threatened by new regulation strategy
Regulator to take closer look at firms’ non-EEA reinsurers
Market Moves: Axa leads the way with a batch of new recruits as Hanks re-emerges at Liberty
Insurance industry recruitment picked up this week, with insurers and brokers alike busy hiring new staff. Axa was among the most prolific, while HCC, AIG, Bluefin and Keelan Westall were also active. The week also saw the return of former Allianz boss…
Reinsurers demand greater decision-making powers as wreck removal costs soar
Munich Re is calling for reinsurers to have more say in decisions relating to marine salvage and wreck-removal operations against the backdrop of increased politicisation and escalating costs surrounding the Costa Concordia cruise liner wreck.
Aon Benfield research finds 32 markets have COR below 100%
Aon Benfield research has found 32 of the top 50 markets have a five year combined ratio under 100% while the EMEA area leads the way regionally with a COR of 98% overall.
Capital influx could displace traditional equity capital - Willis Re
The influx of third-party capital into the reinsurance market may displace up to $40bn (£25.5bn) of traditional equity capital, which could either be returned to shareholders or redeployed elsewhere in the reinsurance market, according to Willis Re.
$100bn of reinsurance capital to enter market, says Aon Benfield
Aon Benfield has said insurers and reinsurers will benefit from $100bn of alternative capital that will enter the reinsurance market over the next five years.
Insurers warned to take strategic approach to modernisation
Replacing legacy software systems is vital to better serve clients and can provide a competitive advantages but it is vital firms take a strategic approach, Michael Graham, sales and marketing director at Sequel, has warned.
Alternative capital is major talking point ahead of Monte-Carlo
The impact of alternative capital on reinsurance pricing is set to be a major talking point at the Monte Carlo Ren-dez-vous according to Moody’s.
Post magazine – 5 September 2013
This week's issue of Post is now available to subscribers.
Munich Re buys Renaissance's energy risk management division
Munich Re has agreed to acquire RenaissanceRe’s weather and weather-related energy risk management division RenRe Energy Advisors.
Career file - Julian Enoizi: Enoizi named Pool Re chief executive
Julian Enoizi is to become chief executive of UK government‑backed terrorism mutual Pool Re.
Willis in bid to acquire Towers Watson
Willis is said to be in the race of acquiring Towers Watson’s reinsurance arm, according to reports.
European reinsurers should focus on US APH
The expected increased ultimate cost of dealing with asbestos claims of $10bn (£6.4bn) is a source of growing uncertainty for European reinsurers, Ruxley Research has said.
Global reinsurer capital climbs 1% to $510bn
Global reinsurance capital climbed to $510bn as of 30 June, up 1% on 30 December according to Aon Benfield.
Reinsurer capital tops $510bn as results improve
Global reinsurance capital climbed to $510bn as of 30 June, up 1% on 30 December according to Aon Benfield.
Pioneer opens property cat division
David Carson has been appointed to grow Pioneer Underwriting's new property catastrophe reinsurance underwriting division.
Price softening possible in reinsurance market, says Fitch
The outlook for global reinsurance sector ratings remains stable, supported by capital strength and continued profitability, according to Fitch.