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RMS aims for preemptive hurricane model

After walking away satisfied with its estimates for last year’s hurricanes, RMS is seeking to up the ante by seeking to estimate losses before a hurricane even hits.

RFIB owner rebrands to Risk Transfer Group

The broker is set to launch a new strategic plan which aims to double its revenues by 2021.

Ring of fire storms burn insurers with $2.5bn hit

Karen Clark & Co has estimated an insured loss of $2.5bn from the so-called ring of fire storms that hit the US in May.

Guy Carpenter takes Aon’s Carver

Richard Carver has left Aon Benfield for a second time and moved to Guy Carpenter as head of the company's UK non-marine operations.

Boom time for political risk players

Banks’ need for non-payment cover is boosting CPRI business in London, brokers say.

Farm Bill stalls in House

The latest renewal for the farm bill has failed to pass a vote in the House which has concerned one industry group as it includes reforms to the Federally-backed crop insurance programme.

Allstate sees slightly higher April cat loss

Allstate's catastrophe losses in April were slightly higher than last year following a tame first quarter of 2018.

XL Catlin expands political risk team

XL Catlin has responded to growing demand in the US for war, terrorism and political violence cover by adding to its underwriting team.

Sompo targets growth to double ordinary profit

Japan's Sompo Holdings has set itself the target of doubling its 2018 consolidated ordinary profit after catastrophe losses hit its numbers for last year.

Magazine

Telematics for ships

Marine insurance is an old business, but new ways of studying shipping data could afford hull and machinery underwriters better insight into the risks they are insuring.

Alt cap growth blows past Q4 roadblocks

Alternative capital investors have adapted to the hurricanes, wildfires and earthquakes that occurred late last year, with industry brokers in agreement that capacity will rise again in 2018.

An improving forecast for weather risk specialists

The outlook for weather risk management is looking bright thanks to increasing demand, reduced basis risk and better products.

Life insurers’ secret weapon: Behavioral economics

For life insurers, behavioral economics is the key to bridging a protection gap of approximately $12bn.

Insurers in search of a future-proof investment strategy

How should insurers adapt their investment strategy to a rising interest rate environment and future uncertainties around inflation? AXA-IM’s Mathilde Sauvé and Chris Price discuss the implications of a changing market dynamic and the choices available to insurers in the UK and the Eurozone.

Market disjointed on terror risk

The shift in how terror attacks are perpetrated has left a divide in the market as to how to properly cover the risk.

QBE primed for North America growth

QBE North America’s CEO Russell Johnston has carried on where his predecessor Dave Duclos left off in driving through stability at the business, with growth now on the cards.

A decade of change

Mike Foley has spent the past decade at the helm of Zurich North America, but his time with the carrier is now ending. He looks back at the last 10 years and tells Reactions about his future plans.

Rolling with the punches

A record-breaking hurricane season and historic wildfires have delivered a series of punches to the re/insurance market which has left it nursing a black eye and a broken nose, but the knock-out blow has failed to land.

China’s cyber risk market starts to take shape

China’s cyber insurance market is set to move up a gear in the aftermath of 2017’s damaging malware attacks and the introduction of comprehensive new security laws that businesses must comply with.

LMA puts spotlight on international casualty

The Lloyd’s Market Association has followed up its 2015 survey into the international casualty treaty market by commissioning another study, and the results show the sector is primed to shift.

Year in review

The global re/insurance industry experienced all manner of challenges in 2017, with cyber-attacks, hurricanes and wildfires all causing concern.

RMS lends hand to NFIP rating update

RMS is partnering with actuarial firm Milliman to create a new – and many would argue much needed – rating plan for the beleaguered National Flood Insurance Program.

Industry to witness “healthy level” of M&A in next three ...

Respondents to a new Willis Towers Watson survey feel the industry will see fewer mergers and acquisitions over the coming years, but those deals that do occur will be greater in scale.

With capital draining away, the only way is up for rates ...

Non-life re/insurance rates are expected to increase as a result of the serious drain on capital caused by several large natural catastrophe events in 2017, according to Swiss Re.

Women in Insurance 2018

Reactions has once again compiled a report highlighting some of the women who hold the top spots in the re/insurance industry.

Emerging Risks 2018

What are the major risks that will impact the global re/insurance industry in 2018? That was the question Reactions posed to some of the global re/insurance market’s senior and well placed figures.

Industry keeping tabs on climate change

Managing Editor's Comment: The industry is keeping a close eye on the impact of climate change as hurricanes and wildfires hit bottom lines.

Latest Issue

May 2018

 

In this month's Reactions

  • CIO Perspectives
  • Peter Röder interview
  • Dominic Addesso interview
  • Political risk report
  • Ivan Gonzalez interview
  • Digitisation in London
  • Michael Watson interview
  • Demian Smith interview

CLICK HERE TO READ THE LATEST ISSUE

 

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