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Updated: 1 hour 2 min ago

Munich Re seeks marine edge

10 September, 2018 - 05:59
The depressed situation in the marine insurance segment is unlikely to change any time soon, but Munich Re believes that investing in technology will allow it to better select and price risk, and is hoping for a first-mover advantage and to provide new products, John Wilkinson, CEO of the marine division at Munich Re Syndicate, told Monte Carlo Today.

Lloyd’s had worst year since 1990s: Stonybrook

10 September, 2018 - 05:58
Against a backdrop of high expense ratios, attritional losses and underperforming business, the Lloyd’s market had its worst year in 2017 since the 1990s, according to Stonybook Capital’s first edition ‘Property & Casualty Insurance Review’.

‘Fierce’ competition in LatAm

10 September, 2018 - 05:57
Economic recovery in Latin America is slowly improving the growth outlook for reinsurers in the region, but strong competition is expected to exert pressure on rates and earnings, Patria Re CEO Manuel Escobedo, told Monte Carlo Today.

‘Open models’ and real-time cat data valuable to traders

10 September, 2018 - 05:56
Real-time catastrophe data can provide claims adjusters in insurance companies with better information and allow them to make risk decisions in real time, whether that be buying live cat over, buying more reinsurance or in the ILS market, Karen Clark, CEO and founder of Karen Clark & Company (KCC), told Monte Carlo Today.

Sava Re: en route to going global

10 September, 2018 - 05:55
On the back of expansion through acquisitions, an upgrade, investments in technology and solid organic growth, Sava Re is heading into this year’s renewal season in a buoyant mood, says CEO Marko Jazbec.

Growth in spite of the gloom

10 September, 2018 - 05:54
Although the last 12 months have painted a very dark picture of the industry in some ways, through 2018 there has been some robust growth among re/insurance companies.

Cat bond market has shown its resilience: Aon

10 September, 2018 - 05:53
Following record cat bond issuance in 2017 and the HIM losses, the ILS market has proved its resilience over the last 12 months and is continuing to strengthen well into 2018.

Hiscox eyes Lloyd’s fallout

10 September, 2018 - 05:52
Rate increases have tapered off since the January 2018 renewal, with lower, single-digit rate increases in the June and July renewals, according to Megan McConnell, director of underwriting London at Hiscox Re & ILS.

Fitch revises global outlook to stable

10 September, 2018 - 05:51
Fitch Ratings has revised its outlook for the global reinsurance sector to stable from negative, saying it believes that earnings have settled at a “new normal”, with return on capital likely to be more modest but less volatile than before.

Big fish will always eat small fish

10 September, 2018 - 05:50
As consolidation continues, the majority of re/insurance professionals think that M&A will change the reinsurance landscape, according to an online survey carried out by Intelligent Insurer ahead of this renewals season.

John Neal takes on ‘toughest job in industry’ as CEO of Lloyd’s

9 September, 2018 - 06:15
John Neal is “as good a bet as any” to take on the “toughest job in insurance” according to market observers speaking in reaction to the revelation just before the Monte Carlo Rendez-Vous that he will take the reins at Lloyd’s.

Any chance of UK rate hikes has gone now: buyer

9 September, 2018 - 06:14
Given some of the headlines and predictions of big rate hikes in the aftermath of the 2017 cat losses in the US, most buyers will be pleased with what remains a relatively stable environment for rates as they head to Monte Carlo, Mark O’Riordan, group reinsurance director at Ecclesiastical, told Monte Carlo Today.

Guy Carp unveils insurtech unit

9 September, 2018 - 06:13
Guy Carpenter has launched a new unit dedicated to helping insurers identify insurtech startups suitable to work with—eliminating much of the time, effort and risk currently associated with this process.

ILS will learn from 2017 cat losses

9 September, 2018 - 06:12
Although the insurance-linked securities (ILS) sector responded well to the cat losses of 2017, lessons will be learned in the aftermath of those events as the sector continues to mature and evolve, Bill Dubinsky, head of ILS at Willis Re, told Monte Carlo Today.

ILS expands into new perils

9 September, 2018 - 06:11
Insurance-linked securities (ILS) are expanding into new perils following investors’ appetite, and London might benefit from this growth potential following the introduction of a new regulatory framework, Jean-Louis Monnier, Swiss Re Capital Markets global co-head of ILS, told Monte Carlo Today.

M&A trend drives hybrid models

9 September, 2018 - 06:10
The recent new wave of consolidation has shown a further trend towards more companies operating so-called hybrid business models, whereby they write both insurance and reinsurance. Such a model can generate useful synergies, but it is also one of many factors driving consolidation, Torsten Jeworrek, member of Munich Re’s Board of Management, told Monte Carlo Today.

Cat models must be better: Clark

9 September, 2018 - 06:09
A year on from hurricanes Harvey, Irma and Maria (HIM), perhaps the biggest surprise of these events was the wide disparity in the loss estimates for each storm, Karen Clark, co-founder and CEO of Karen Clark & Company (KCC) and one of the pioneers of risk models, told Monte Carlo Today.

Market supporting US flood

9 September, 2018 - 06:08
The transfer of flood risk to the private markets in the US has made great progress but some simple changes to federal and state laws would trigger another big leap forward, according to Frank Nutter, president of the Reinsurance Association of America (RAA).

India: a land of opportunity

9 September, 2018 - 06:07
India remains a land of opportunity for reinsurers—but those that collaborate and innovate will benefit the most, says Devesh Srivastava, general manager of GIC Re.

Insurtech will mean job losses and less demand for reinsurance

9 September, 2018 - 06:06
The relentless evolution of insurtech will ultimately mean job losses and potentially a decline in the requirement for reinsurance globally, Clive O’Connell, partner and head of insurance and reinsurance at law firm McCarthy Denning, told Monte Carlo Today.

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