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The idea that tiers are emerging in the reinsurance industry is valid, but not in the way some expect. The industry’s new class of tier 1 players are nimble, innovative, savvy in their use of technology, cutting-edge in their risk selection and have their costs and expenses under control, Kathleen Reardon, chief executive of Hamilton Re, told Monte Carlo Today. 12 September 2016
News
As reinsurers face a perfect storm in terms of a very challenging underwriting environment, Frank Fortunato, chief executive of CATEX, argues to Monte Carlo Today that using technology and data analytics to their full potential can help avoid problems for companies. 12 September 2016
Insurance
A focus on tailored deals may require Swiss Re to seek protection either through retrocession or insurance-linked securities (ILS), the firm suggested during a presentation at the Monte Carlo Rendez-Vous. 12 September 2016
News
Willis Re, the reinsurance division of Willis Towers Watson, has unveiled its upgraded cyber risk portfolio modelling tool. 11 September 2016
Insurance
Litmus Analysis has hired Tom Gleis, a former managing director with Guy Carpenter, as head of market development. 11 September 2016
Insurance
As managing general agents continue to flourish, John Holm, head of MGA Investments, Asta, explains to Monte Carlo Today what it takes for an MGA to succeed in this market. 11 September 2016
Insurance
Reinsurers are in line to build some of the biggest blockchain applications outside the payments sector with the potential to save $5 to $10 billion in costs, says a new report from PwC. 11 September 2016
Insurance
In association with Swiss Re, Monte Carlo 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. 11 September 2016
News
Against a backdrop of unrelenting market pressures on reinsurers, including an elongated soft market and increased competition for business on all fronts, Mark O’Riordan, head of group reinsurance at Ecclesiastical, is seeking stability and long-term relationships. 11 September 2016
Insurance
The primary motive for attending the Monte Carlo Rendez-Vous is to consolidate relationships with existing clients, according to an online poll of Intelligent Insurer readers—but there is also a portion who go there for less corporate reasons! 11 September 2016
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