Reinsurance
Severe weather sets new agenda for Danish insurance firms
Denmark was this year hit by the worst cloudburst ever seen in the country and experts are predicting that weather of this type will only increase. As the insurance market recovered from these claims Anne-Louise Fogtmann asks what they are doing to…
New Zealand faces mass withdrawal as earthquake claims stack up
Insurers and reinsurers could stop providing earthquake cover in New Zealand altogether, forcing its government to handle claims.
Post Magazine - 06 October 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
NZ faces mass withdrawal as earthquake claims stack up – Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including the possibility that insurers and reinsurers could stop providing earthquake cover in New Zealand altogether, forcing its government to handle claims.
Ferma 2011: News round up
The Federation of European Risk Management Associations has said it will continue its fight for broker transparency and aims to convince the European Commission to include it in the next version of the Insurance Mediation Directive.
Catlin Group chief scoops 'UK entrepreneur of the year' accolade
Catlin Group chief executive Stephen Catlin has been named Ernst & Young’s ‘UK entrepreneur of the year.
Swiss Re announces board changes
Swiss Re wants Robert Henrikson, chairman and former chief executive officer of MetLife, to join its board at its AGM on 13 April 2012. He will succeed Robert Scott who is retiring.
International geocoding in insurance: The challenges and opportunities
Use of geocoding is common in insurers and has been for some time but Tim Spencer asks if insurers really understand the data they have at their fingertips and are making the best use of it.
Swiss Re chief becomes head of Climate Wise
Swiss Re director John Coomber is to become the new chairman of Climate Wise on 1 October.
Sagicor quits casualty treaty reinsurance
Sagicor at Lloyd’s has pulled out of providing casualty treaty reinsurance following its earlier withdrawal from property treaty reinsurance in April 2011.
Post Magazine - 29 September 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Bruce joins UK General in bid to boost commercial – Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories including the appointment of Cathie Bruce to the newly created role of commercial managing director at UK General.
Genworth Financial places new reinsurance treaty for European mortgage insurance
Specialist insurer Genworth Financial has placed a new reinsurance treaty for mortgage insurance in Europe which it says will create significant additional capacity for Genworth’s European mortgage insurance business.
PwC launch new scheme for Highland UK reinsurance creditors
Pricewaterhouse Cooper today announced that Highlands UK’s scheme of arrangement which dealt with the direct insurance business of the company, has, following its successful implementation, been formally terminated.
Liberty makes Brazil appointment
Liberty Syndicates has named reinsurance underwriter Douglas Sakamoto to its team in Brazil.
Lloyd's and ABI band together on Solvency II
Lloyd’s and the Association of British Insurers’ are working together on a proposal that will allow the London market to push ahead with implementing Solvency II - even if it is delayed until 2014.
American broker blames barriers to entry for lack of interest in London
Reinsurance broker Tiger Risk Partners UK has claimed to be the first US-owned broker to set up a London office since 2003, blaming the lack of interest on the UK’s “significant barriers to entry”.
Editor's comment: Overcoming the barriers
If there’s one thing we can say for sure this week, it’s that the latest round in the subrogation set-to over disputed motor repair bills will not be the last.
Lloyd's to only take on "inherently profitable" business plans
Lloyd’s has denied coming down harder on underwriters to write reasonably priced risks but admitted it will be more difficult to convince the market of profitable business plans.
Lloyd’s announces £697m interim loss
Lloyd’s made an interim loss before tax of £697m for the six-month period ending 30 June 2011, in what is already likely to be the second most expensive year ever for insurers.
Flat rates expected in Europe after Monte Carlo meet
Securities and investment banking firm Jefferies anticipates flat rates for Europe next year.
AM Best receives European credit approval
AM Best Europe has received formal notice of registration as an approved European credit rating agency under the Credit Rating Regulatory Regime of the European Union.
View from the top: Business as usual
In May, when I last wrote this column, all eyes were on mid-year reinsurance renewals given the pummelling that the year’s natural catastrophes had already delivered to reinsurers.
IMIA 2011 preview: Setting the agenda
With Amsterdam playing host next week to the 44th International Association of Engineering Insurers annual conference, IMIA chairman Neil Clutterbuck previews the event.