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Insurance
In the annual Intelligent Insurer roundtable in Baden-Baden in association with S&P Global Ratings, senior executives from reinsurers, brokers and buyers debated how the buying landscape is changing in Europe and what the definition of innovation in reinsurance should be. 24 October 2016
Insurance
A more responsive, client-driven approach is needed to help build demand for reinsurance, according to David Booth, active underwriter, and Andy Caldwell, deputy active underwriter of Barbican Syndicate 1955. 24 October 2016
Insurance
Zurich Insurance will seek further efficiencies in its reinsurance programme by combining parts of its two major placements globally, in a move that will benefit its core reinsurance partners at the cost of some smaller players, Markus Meier, head of reinsurance management at Zurich Insurance Company, told Baden-Baden Today. 24 October 2016
Insurance
Munich Re will continue to reduce its participation or walk away completely from transactional reinsurance business that it regards as under-priced in favour of doing bigger, bespoke, individual deals with clients—an area where it has enjoyed growth in recent years, Ludger Arnoldussen, member of the management board at Munich Re with responsibility for Germany, Asia Pacific and Africa Division, told Baden-Baden Today. 24 October 2016
Insurance
The reinsurance industry should be concerned by the trends of protectionism and nationalism that are becoming increasingly prevalent, Ingrid Carlou, chief executive, Patria Re, told Baden-Baden Today. 24 October 2016
Insurance
In association with Swiss Re, Baden-Baden Today conducted a survey of senior industry executives ahead of and during the conference. The responses to various key questions will be published in this newsletter. 24 October 2016
Insurance
The increasing use of technology to gather data and improve risk assessment is set to move business from retail insurers to commercial insurance providers—a transition that will also benefit reinsurers. 24 October 2016
Insurance
Softening rates and terms and conditions will be at the forefront of the minds of the majority of attendees at the reinsurance conference in Baden-Baden this year—with several stressing that too much capacity chasing too little business remains a critical challenge for the industry. 24 October 2016
Insurance
US re/insurers mulling a launch in the UK or Europe are stuck in limbo thanks to the uncertainty created by the UK’s vote to the leave the EU and the impasse before negotiations even start, Andrea Best, partner at law firm Drinker, Biddle and Reath, told PCI Today. 24 October 2016
Insurance
PartnerRe has refocused its business model globally and also tweaked the structure of its North American business since it was acquired by Italian investment company Exor last year. All its changes will benefit clients, Greg Haft, executive vice president and head of global cat and head of property North America P&C at PartnerRe, told PCI Today. 24 October 2016
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