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Updated: 14 min 16 sec ago

Lloyd’s broker SSL Endeavour completes WorldLink Acquisition

23 October, 2019 - 10:42
SSL Endeavour (SSLE) has signed definitive documents for the acquisition of a controlling shareholding in WorldLink Holdings, a North-American specialty aviation brokerage and MGA.

IUA forms new London market construction group

23 October, 2019 - 10:39
The International Underwriting Association (IUA) has established a new London market committee for underwriters providing professional indemnity cover to the construction industry, with a focus on issues surrounding the use of cladding and fire protection in the wake of the Grenfell fire.

NewRe grows its business on reputation for stability

23 October, 2019 - 05:19
NewRe CEO Renate Strasser said she didn’t see any reason why rates would go down, in fact it is likely to be “rather the opposite”. 

PartnerRe survey quizzes underwriters and brokers on where cyber perils should sit

23 October, 2019 - 05:18
A PartnerRe survey on cyber has revealed a difference in opinion between underwriters and brokers on whether cyber perils should be covered in property claims.

Swiss Re’s head of P&C facultative EMEA see growth coming ‘from everywhere’

23 October, 2019 - 05:17
Laure Forgeron, head P&C facultative EMEA for Swiss Re, sees growth for her area of the business “coming from everywhere”. 

Insured losses from Typhoon Hagibis losses ‘between $8bn and $16bn’ says AIR Worldwide

23 October, 2019 - 05:16
Cat risk modelling firm AIR Worldwide has estimated that industry insured losses from Typhoon Hagibis will be between $8 billion (JPY865 billion) and $16 billion (JPY1,730 billion), with more than half of the losses due to inland flooding. 

Losses in 2017/18 create a ‘different feeling’ for insurers as they watch for retro fallout: Eccelesiatical

23 October, 2019 - 05:15
The re/insurance losses seen in 2017 and 2018 have given the market “a different feeling” this year, said Mark O’Riordan, group reinsurance director at Ecclesiastical.

Reinsurers watch and wait to see if the FAANG technology giants, such as Google and Apple, move into their territory

23 October, 2019 - 05:14
Google, Facebook and Amazon could become significant players in the re/insurance business of the future, according to Johannes Martin Hartmann, chairman of the board at VIG Re.

China’s Belt and Road Initiative offers opportunities for insurers, says Phoenix CRetro CEO

23 October, 2019 - 05:13
As investments into China’s Belt and Road Initiative (BRI) increase, Kirill Savrassov, CEO of Phoenix CRetro Reinsurance Company, told Baden-Baden Today that it represents big opportunities and challenges for the reinsurance industry, especially from a cat perspective.

Demographics help Pro tighten its grip on German complex claims market

23 October, 2019 - 05:12
Demographic trends are working in Pro Global’s favour in Germany, helping it tighten its grip on a market that it is already dominant in, according to Robert Buchberger, managing director at the firm.

Swiss Re says M&A are still reshaping CEE re/insurance landscape

23 October, 2019 - 05:11
Eastern Europe is still a region where market consolidation happens in original markets, said regional expert Christian Kreutzer, market head of Austria, Central and Eastern Europe (CEE) and transaction lead Northern Central Eastern Europee at Swiss Re.

ILS continues growth outside property cat market, says ILS Capital Management

23 October, 2019 - 05:10
The insurance-linked securities (ILS) market is expected to continue to expand beyond the property cat market and leverage ongoing growth in primary insurance, according to John Haggerty, partner and managing director at ILS Capital Management.

AM Best hopes for green light for TRIA reauthorisation

22 October, 2019 - 10:38
The fact that the Terrorism Risk Insurance Act (TRIA) needs to be renewed in an election year adds a potential complication to Congress’s reauthorising the terrorism insurance backstop, according to analysts at AM Best.

Munich Re: climate change is increasing flood risk

22 October, 2019 - 10:37
US flood risk is an increasingly important and also complex issue for the US market, according to Raghuveer Vinukollu, senior vice president and natural catastrophes lead for innovation and strategic products at Munich Re America.

Guy Carpenter: failure to find silent cyber solutions might lead to downgrades

22 October, 2019 - 10:36
Solutions to the issue of silent cyber are emerging amid the uncertainties, according to Guy Carpenter. But firms must take this issue seriously as regulators and rating agencies are now taking a close interest in the issue with the risk of downgrades very real for companies that do not get a handle on the challenge.

Watching, waiting, acting on insurtech ‘bubble’

22 October, 2019 - 10:35
While most re/insurers are now playing an active role in the insurtech space, either by partnering with startups or developing solutions themselves, a surprising number admit to watching developments in the space but without yet acting.

US homeowners premiums grow, but rate hikes slow: Aon

22 October, 2019 - 10:34
US homeowners insurance premiums are forecast to continue to grow in 2019 with an increasing return on equity for insurers, according to Aon’s Reinsurance Solutions business’s annual Homeowners Return on Equity (ROE) Outlook report.

APCIA head warns of challenges ahead for insurance market

22 October, 2019 - 10:33
The property/casualty insurance industry is facing a critical time, David Sampson, president and CEO of the American Property Casualty Insurance Association (APCIA), told delegates at the body’s annual event in Boston this week in his opening speech.

More cats will hit reinsurers’ earnings in 2019: AM Best

22 October, 2019 - 10:32
AM Best expects reinsurers’ earnings to see further erosion in 2019 following another year of major catastrophe losses, but the spate of catastrophe events may prolong the positive momentum that reinsurance pricing has experienced throughout 2019.

Markel International makes senior appointments

22 October, 2019 - 10:32
Specialist insurer Markel International, the specialist insurer, has appointed Simon Wilson as managing executive of global strategy for insurance operations, Markel Corporation.


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