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Insurance
Profits at SCOR fell in the first nine-months of 2016 thanks to a higher number of natural catastrophes and a challenging macroeconomic environment. 27 October 2016
Insurance
Generali Nederland, part of the Generali Group, has selected the platform of insurance software solutions provider Sapiens International Corporation to administer a large portion of its life portfolios in order to increase efficiency and reduce costs. 27 October 2016
Insurance
The UK’s vote to leave the EU has potentially accelerated JLT Re’s plans for Europe, according to Keith Harrison, chief executive officer of JLT Re UK and Europe, who spoke to PCI Today. 26 October 2016
Insurance
The US P/C market faces a number of key challenges it must face head-on as it goes into 2017, according to John Barbagallo, the incoming chair of the Property Casualty Insurance Association of America (PCIAA). 26 October 2016
Insurance
Cedants are becoming increasingly sensitive to reinsurers competing with them on primary business, and new fintech insurers in particular prefer partners with no such conflicts, Michael Pickel, member of the executive board at Hannover Re with responsibility for reinsurance in property & casualty target markets including North America and Continental Europe, told Baden-Baden Today. 25 October 2016
Insurance
Despite acknowledging that pricing in parts of the reinsurance market is now unsustainable, buyers too are at the mercy of wider market dynamics and must seek rate decreases in line with market trends if they are available, or risk losing a competitive advantage, Amer Ahmed, chief executive of Allianz Re, told Baden-Baden Today. 25 October 2016
Insurance
The so-called protection gap in Europe (the difference between economic and insured losses), which includes flood insurance in Germany and the Netherlands as well as earthquake protection in Switzerland, offers growth potential for the re/insurance industry, according to executives from Swiss Re. 25 October 2016
Insurance
With so much reinsurance capacity available, brokers and reinsurers should use the opportunity to be more creative and come up with solutions, David Flandro, global head of analytics, told Baden-Baden Today. 25 October 2016
Insurance
Hamilton at Lloyd’s is confident it will reach its premium plan for 2016, and already has plans to almost double that figure in 2017, partially thanks to the underwriting talent it has attracted after launching at Lloyd’s last year, Trevor Carvey, active underwriter/head of treaty, told Baden-Baden Today. 25 October 2016
Insurance
Primary insurers in Central and Eastern Europe (CEE) are looking to transform economic growth into insurance premiums by seeking acquisitions and developing new products, generating new business for reinsurers. 25 October 2016
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