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Updated: 1 hour 2 min ago

Small is beautiful in the world of reinsurance broking, says Beach as it sizes up to the big three

16 hours 51 min ago
Beach believes it is a great time to be a smaller broker, and is not daunted by the challenge of competing with the “big three”. 

Reinsurance industry continues to worry about pressure on rates

16 hours 52 min ago
Pressure on rates continues to be a considerable concern for the re/insurance industry ahead of the renewals season, with more than half of the respondents to a recent survey by Intelligent Insurer citing it as their biggest challenge.

Pricing must adapt to new risks

16 hours 53 min ago
Re/insurers are realising that pricing needs to adapt to the new risks presented by increasingly severe weather-related events, as Claudia Cordioli of Swiss Re explained to Baden-Baden Today.

Reaping the rewards of an upgrade

16 hours 54 min ago
Following its rating upgrade to ‘A’ last year, Sava Re is taking on more cat business and enjoying steady growth, as the firm’s Peter Skvarča and Edward Ottino tell Baden-Baden Today.

Edinburgh Council pays £1.1m to insure tram extension against terrorism

21 October, 2019 - 11:19
Edinburgh Council is to pay £1.1 million on an insurance policy protecting the tram extension against being delayed by a terrorist attack or a flood, the Edinburgh Evening News has reported.

CPP launches SME cyber insurance product

21 October, 2019 - 11:16
InsurTech company CPP Group has launched a new cyber Insurance product, for SME businesses, on the Acturis insurance administration and trading platform.

Insurers treating vaping the same as tobacco smoking

21 October, 2019 - 10:43
Insurance companies are starting to treat vaping the same as tobacco smoking when assessing premiums for life insurance and mortgage protection policies, reports The Sunday Times.

Kingsbridge reports strong growth in contractor insurance

21 October, 2019 - 10:36
Kingsbridge Group, a provider of specialist insurance services to skilled contractors, freelancers and the recruitment and utilities industries, has announced strong growth for the year to 31st January 2019.

Prudential and M&G separation takes effect

21 October, 2019 - 10:34
The demerger of Insurance giant Prudential has taken effect this morning, with the UK and European parts of the business spun off into a separate company called M&G, which also includes the M&G fund management company that Prudential acquired in 1999.

Aon launches Regional Insurer Group to better service US regional clients

21 October, 2019 - 10:34
Broker Aon has unveiled a new division within its US operation designed to enhance the value it brings to its regional insurer clients.

Rates are rising sustainably on all lines: Hannover Re

21 October, 2019 - 10:33
Almost all lines of business are seeing rate increases as well as greater underwriting discipline something that reinsurers have not seen for many years.

APCIA addresses flood protection gap and TRIA

21 October, 2019 - 10:32
The protection gap in the US remains a key issue for the American Property Casualty Insurance Association (APCIA); as such, it is focused on certain risks that are traditionally underinsured, such as flood, as well as securing the best outcomes for structures that help manage certain risks including the Terrorism Risk Insurance Act (TRIA).

Survey highlights hopes & concerns of APCIA delegates

21 October, 2019 - 10:30
Delegates attending the APCIA conference have their eyes on the horizon, according to a survey carried out for APCIA Today.

Re/insurers must update approach to modelling terror risk: Aon

21 October, 2019 - 10:07
A shift has taken place in recent years to a new terrorism paradigm of lower severity but higher frequency modus operandi. Specifically, as security forces have tightened around the formation of groups and their ability to construct improvised explosive devices (IEDs), marauding attacks have become more common, using weapons including vehicles, bladed instrument and guns.

Direct model better than broker model on transactional, commercial lines

21 October, 2019 - 10:00
Small, transactional, commercial lines business in the US will increasingly adopt a direct-to-insurer business model, cutting brokers out of the loop, in the same way personal lines business has evolved.

Ecclesiastical Insurance Group focuses on profit over growth

21 October, 2019 - 05:21
Ecclesiastical Insurance Group, which is owned by a charity, Allchurches Trust, has seen stable underwriting performance and strong investment returns so far this year.

Unpredictability a growing concern for business, finds QBE 

21 October, 2019 - 05:20
Research by QBE Business Insurance empirically proves the world is getting more unpredictable. The QBE Unpredictability Index finds that the world has become more unpredictable over the last 30 years, with economic and business factors the principal drivers of uncertainty over the last decade. 

Alt capital expected to dominate conversations at Baden-Baden

21 October, 2019 - 05:19
Alternative capacity and its effect on the market is expected to dominate conversations at this year’s Baden-Baden Reinsurance Meeting, according to an Intelligent Insurer reader survey ahead of the event. 

Munich Re Syndicate sees ‘significant’ rate increases for insurance

21 October, 2019 - 05:18
Most lines of business in Munich Re Syndicate’s portfolio are seeing rates increase and, in some cases, a quite significant increase, according to Dominick Hoare, the syndicate’s group chief underwriting officer.

Modernisation and associated costs the ‘biggest challenge’ for London Market: BLM 

21 October, 2019 - 05:17
The main challenges in the re/insurance market are modernisation and the associated costs, according to Damian Cleary, partner and head of London Market at BLM.

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