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Insurance
The implementation of Solvency II has accelerated the trend of insurers focusing on reinsurance as a capital management tool and many are keen to form deeper relationships with certain reinsurers with this in mind, Jay Nichols, the chief executive of AXIS Re, told Baden-Baden Today. 23 October 2016
Insurance
Many of the large European buyers have ‘tiered’ their reinsurance panels in recent years and as a result are forming much deeper business partnerships with their bigger ‘tier 1’ reinsurance partners that transcend risk management and are also heavily entwined in capital relief. 23 October 2016
Insurance
Megadollar deals between reinsurers happen between the gods up on Mount Olympus, but down here we’re focused on how to get better data into transaction systems, says Frank Fortunato, chief executive of CATEX. 23 October 2016
Insurance
The run-off market is growing rapidly and the landscape is becoming more sophisticated and nuanced as different companies discover the appeal, Arndt Gossmann, chief executive officer of specialty run-off insurer DARAG tells Baden-Baden Today. 23 October 2016
Insurance
The majority of attendees at the reinsurance conference in Baden-Baden attend in order to negotiate with clients in relation to the year-end renewals or reaffirm relationships with existing clients in a relaxed environment—with several stressing how pleasant the German town is in comparison to the faster-paced Monte Carlo Rendez-Vous. 23 October 2016
Insurance
Ongoing efforts by the International Association of Insurance Supervisors (IAIS) to devise an international set of capital standards will require a delicate balancing act between the re/insurance industry and local regulatory bodies and jurisdictions, Brad Kading, president of the Association of Bermuda Insurers and Reinsurers (ABIR), told PCI Today. 23 October 2016
Insurance
It is targeting a top 10 reinsurance spot on a global basis, and to achieve this GIC Re must overcome a complex regulatory environment and shrinking panels to crack the North American reinsurance market. Yet the company is determined, says Alice Vaidyan, chairman-cum-managing director of GIC Re. 23 October 2016
Insurance
The insurance sector is concerned that continuing global rises in temperature could make it increasingly difficult to offer affordable financial protection, according to Insurance Europe, a representative body for 34 national insurance associations. 21 October 2016
Insurance
Asta, a managing agent at Lloyd’s, has received "in principle" approval from the Lloyd’s Franchise Board to establish and manage Verto Quota Share Syndicate 2689. 21 October 2016
Insurance
Augmented and Virtual Reality (AR and VR) technologies are creating new forms of risk and have the potential to generate potential losses to the value of $20 billion by 2020, according to a report from KPMG. 20 October 2016
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