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Sava Re to diversify via acquisitions
Insurance
Slovenia-based Sava Re will seek to acquire primary insurers in the region around its home market as a means of diversifying, as conditions in the reinsurance business remain challenging.   25 October 2016
Insurance
The frequency of smaller losses can be far more problematic for some reinsurers than more infrequent bigger losses, especially if they have a diversified portfolio in Europe, Johannes Martin Hartmann, chairman of the management board at VIG Re, told Baden-Baden Today.   25 October 2016
Insurance
New UK regulation that would facilitate the issuance of insurance-linked securities (ILS) from vehicles based in the London Market will be critical to help London protect its status as a global hub for risk transfer, Inga Beale, chief executive of Lloyd’s, told Baden-Baden Today.   25 October 2016
Insurance
There is genuine resolve on the part of casualty reinsurers not just to draw the line, but to push back on rates, Simon Bird, head of casualty treaty at Brit Global Specialty, told Baden-Baden Today.   25 October 2016
Insurance
Cyber risk can come with many complex exposures and, as such, can be a difficult risk to underwrite. But its growth potential for the market is huge if the exposures can be understood and correct risk modelling developed and used, Yörn Tatge, managing director and senior vice president at AIR Worldwide, told Baden-Baden Today.   25 October 2016
Insurance
As Europe faces growth in demand for cyber coverage driven by growing fears around business interruption risks related to cyber events, Tokio Marine Kiln is preparing to expand its business on the continent.   25 October 2016
Insurance
Against a backdrop of what remain very soft market conditions, Markel is being very cautious on line size and level, Andrew Barnard, managing director, head of international property-catastrophe and retro reinsurance for Markel’s Global Reinsurance Division, told Baden-Baden Today.   25 October 2016
Insurance
UnipolRe, the reinsurer formed in Dublin a year ago by Italian insurer UnipolSai Assicurazioni, the insurance arm of the Italian Unipol Group, is targeting the Turkish market as its first step into the markets of central and eastern Europe, Marco Sordoni, the chief executive of UnipolRe, told Baden-Baden Today.   25 October 2016
Insurance
The market will likely show more discipline in the forthcoming renewals as reinsurers feel the pain of series of catastrophe losses this year, which have hit the half-year results of many, Nick Orton, underwriter, international, Hiscox Re, told Baden-Baden Today.   25 October 2016
Insurance
UnipolRe, the reinsurer formed in Dublin in 2015 by Italian insurer UnipolSai Assicurazioni, the insurance arm of the Italian Unipol Group, is benefiting from the unique positioning and approach of its parent company, Simon Wigzell, underwriting manager at Unipol Re, told Baden-Baden Today.   25 October 2016

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