Articles
Insurance
Total economic losses from natural catastrophes and man-made disasters are estimated to be $158 billion in 2016, significantly higher than the $94 billion of losses such events caused in 2015, but insured losses were only around a third of this, according to Swiss Re’s latest sigma report. 15 December 2016
News
Hannover Re parent Talanx has welcomed the decision of the US Federal Reserve to increase its key interest rate calling it a step towards the normalisation of monetary policy conditions for capital markets and suggesting that the European Central Bank (ECB) may follow suit. 15 December 2016
Insurance
Ratings agencies see the operating environment for reinsurers deteriorating in 2017 which could lead to negative ratings actions particularly for smaller players. 15 December 2016
Alternative Risk Transfer
Swiss Re believes that new climate-related financial disclosure guidelines, drafted by the Task Force on Climate-Related Financial Disclosures (TCFD), will increase transparency on climate-related risks and help with measuring and evaluating the financial implications of climate change. 15 December 2016
Insurance
Pressure on the reinsurance business has been significant in 2016 due to a low interest rate environment and a soft market, but 2017 is likely to be even tougher and could lead to negative ratings actions, according to major rating agencies. 14 December 2016
Insurance
Axis Capital Holdings is set to relocate its London office to a new skyscraper called The Scalpel in 2018, adjacent to Lloyd’s of London at 52 Lime Street. 14 December 2016
Insurance
Delta Lloyd executive board member Ingrid de Graaf is leaving the company in the spring of 2017. 14 December 2016
Insurance
The Reinsurance Association of America (RAA) has urged the European Union and the US to finalise the bilateral agreement relating to prudential re/insurance matters. 14 December 2016
Insurance
Driven by strong growth of tourism, insurers see an opportunity to expand their travel insurance business and experts expect more M&A activity in this segment after Zurich agreed to buy an Australian travel insurer. 14 December 2016
Insurance
Insurance software provider Sapiens International has expanded its footprint in the Nordic region by establishing a new head office in Copenhagen, Denmark and hiring a regional director. 14 December 2016
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