Articles

Insurance

SCOR reports 17% rise in net income despite catastrophes losses

SCOR, the world’s fourth-biggest reinsurer, saw its shares rose 3 percent after reporting an increase in net income for the first nine months of the year.   24 October 2019

Insurance

NewRe grows its business on reputation for stability

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”.   23 October 2019

Insurance

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

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.   23 October 2019

Insurance

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

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

Insurance

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

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.   23 October 2019

Insurance

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

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.   23 October 2019

Insurance

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

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.   23 October 2019

Alternative Risk Transfer

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

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.   23 October 2019

Insurance

Demographics help Pro tighten its grip on German complex claims market

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.   23 October 2019

Insurance

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

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.   23 October 2019

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