Articles
Insurance
Lloyd’s syndicates have just weeks to submit a business plan mapping a route to profits, and those that fail will be closed, Jon Hancock, performance management director of Lloyd’s, confirmed to Monte Carlo Today. 12 September 2018
News
Swiss Re expects stable prices for the upcoming January renewals in the absence of any significant events, Moses Ojeisekhoba, head of reinsurance, told Monte Carlo Today. 12 September 2018
News
Allianz is pleased with how its property-catastrophe reinsurance programme responded to the 2017 losses related to hurricanes Harvey, Irma and Maria (HIM) but it is still refining the way it covers manmade risks in its portfolio, Amer Ahmed, CEO of Allianz Re, which handles the insurer’s reinsurance buying programme, told Monte Carlo Today. 12 September 2018
Insurance
With their expertise, global reach and access to data, reinsurers should increasingly understand their role in helping society fill the protection gaps that exist in the world, says Laurent Montador, deputy chief executive, CCR. 12 September 2018
Insurance
IGI is continuing to navigate a steady course as it continues its journey from being a Middle Eastern company to an international company with Middle Eastern roots. 12 September 2018
Insurance
Buyers are seeking hard answers and assurances from carriers in relation to any potential fallout from the UK’s departure from the EU, Steve Hearn, group chief executive officer of broker Ed, told Monte Carlo Today. 12 September 2018
Insurance
Artex Risk Solutions has formed a protected cell company on Malta specifically for brokers to use in the event of a no-deal Brexit, as Steve Quinn and Paul Eaton from Artex Risk Solutions explain to Monte Carlo Today. 12 September 2018
Insurance
French insurer AXA has received all required regulatory approvals for the acquisition of Bermuda-based XL Group. 11 September 2018
Insurance
Markel has “made a huge bet” in acquiring Nephila Capital based on an instinct of how the risk transfer landscape will change in the long term—but the company that emerges from the deal will be much greater than the sum of its parts, Jed Rhoads, president and chief underwriting officer, Markel Global Reinsurance, told Monte Carlo Today. 11 September 2018
Alternative Risk Transfer
UnipolSai Assicurazioni will buy more property-catastrophe capacity this year and will not renew its €200 million ($231 million) cat bond Azzurro Re I, which expires on December 31, 2018. Instead, it will rely on its existing panel of 17 reinsurers for support until it explores the possibility of issuing a new cat bond in the first quarter of next year. 11 September 2018
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