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Awareness is needed on microinsurance: Swiss Re
More awareness must be raised around the benefits of the microinsurance industry, according to Kurt Karl, chief economist, Swiss Re, speaking at a press conference in Monte Carlo at which they unveiled the company’s latest sigma report, and reinsurers should be involved in growing this market.   14 September 2015
Insurance
Aon Benfield unveils marine cat model
Aon Benfield, the reinsurance intermediary of Aon, has partnered with catastrophe modelling firm RMS to develop a marine and energy catastrophe model.   14 September 2015
News
Tokio Millennium Re shuffles leadership
Reinsurer Tokio Millennium Re has launched a capital solutions unit amid a reshuffle in leadership as it seeks to advance its outreach to the capital markets.   14 September 2015
Insurance
Low penetration represents a ‘serious market failure’
The fact that such a small proportion of risk globally is covered by the re/insurance industry represents a “serious market failure”, James Vickers, chairman of Willis Re International, claimed at a press conference in Monte Carlo yesterday.   14 September 2015
Insurance
Duperreault delighted with Hamilton growth—but won’t rule out acquisitions
The growth of Hamilton Insurance Group since its formation in late 2013 has been much faster than Brian Duperreault, the company’s chief executive, could have imagined, he told Monte Carlo Today. But dislocation in the market caused by consolidation means new opportunities for the firm—and he won’t rule out hitting the acquisition trail himself.   14 September 2015
Insurance
Smaller panels have benefited Berkshire Hathaway
The trend of buyers rationalising their reinsurance programmes—using fewer, bigger players with a broader reach—has benefited Berkshire Hathaway, Manfred Seitz, managing director of international reinsurance at Berkshire Hathaway, told Monte Carlo Today.   14 September 2015
Insurance
Mythical monsters and crocodile attacks: the strangest risks
The Loch Ness Monster, flying frozen duck carcasses and Bigfoot are among some of the strangest risks ever underwritten, according to respondents in a recent Intelligent Insurer survey, held in the run-up to the Monte Carlo Rendez-Vous.   14 September 2015
Insurance
London is keeping pace with cyber developments
Some 60 percent of respondents to a recent Intelligent Insurer online survey said that the London Market is keeping pace with developments in cyber crime and insurance—a risk that has so far been notoriously difficult for the industry to accurately price and deal with.   14 September 2015
News
Government risks can help re/insurers grow
Risks such as climate change and pandemics could offer huge growth opportunities to the re/insurance industry if successful partnerships could be achieved with governments, Julian Enoizi, chief executive of Pool Re, the UK terrorism pool, told Monte Carlo Today.   14 September 2015
Insurance
DARAG launches R-pad: first sidecar for run-off business in EU
DARAG, the European run-off specialist, has formed what is effectively the first run-off sidecar within the EU using a protected cell company in Malta.   14 September 2015

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