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Buyers are king during the renewals season—and especially at the Monte Carlo Rendez-Vous. Intelligent Insurer speaks to two of the biggest about their evolving programmes and expectations in a landscape that is changing. 7 September 2016
Alternative Risk Transfer
Just weeks into his new job, Moses Ojeisekhoba, the new CEO of the Reinsurance Business Unit at Swiss Re, is clear that for the industry to grow it must also become more relevant to society and work hard to close the so-called protection gap that is increasingly prevalent in the industry. Intelligent Insurer reports. 7 September 2016
Insurance
The trend toward increased cessions suggests cedants in Europe are making the most of soft reinsurance market conditions, and have enhanced negotiating powers to benefit from this form of contingent capital, according to an AM Best report. 7 September 2016
Insurance
Reinsurers’ profits in 2017 are expected to diminish as a result of both softening premiums and lower investments returns, according to Fitch Ratings, which has placed a negative outlook for the sector as a result. 7 September 2016
Insurance
XL Catlin’s insurance operation in France has appointed François-Xavier d’Huart as head of client and broker management and Stéphane Gobet as client and distribution leader. 6 September 2016
Insurance
European Property Underwriting Limited (EPUL), a London-based commercial property managing general agent (MGA), has hired two underwriters and made several promotions. 6 September 2016
Insurance
RGL Forensics, a financial investigations company, has opened an office in Frankfurt, Germany as part of its expansion into Europe. 5 September 2016
Insurance
French life insurers are expected to report lower operating profitability in 2016, after investment results, driven by lower interest rates, had declined in the set of first half results, as Fitch Ratings maintain a negative outlook on the sector. 5 September 2016
Insurance
Sompo Canopius, a specialty re/insurer, has appointed Spencer Pearce as head of heavy industry. 5 September 2016
Alternative Risk Transfer
Having weathered competitive and recessionary challenges, Bermuda is experiencing a renaissance of sorts. Turbulence and uncertainty in other global hubs are making the industry’s traditional incubator of change look very much like a safe harbour for companies seeking robust and innovative risk-transfer solutions. Bermuda:Re+ILS reports. 2 September 2016
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