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Asta, the third party manager of Lloyd’s syndicates with over £700 million of underwriting capacity under management, has announced senior management and organisational changes to help it meet its regulatory responsibilities and explore business development opportunities. 10 September 2013
News
As Hiscox moves its reinsurance operations under a single banner – Hiscox Re – the company continues to realise the value of both a Bermuda and Lloyd’s platform, its CEO says. 10 September 2013
News
Regional reinsurers will face an increasingly tough time coping with catastrophe losses and global competition in areas such as Asia and Latin America. That is the view of David Watson, president and CEO of XL Re Europe. 10 September 2013
News
Favourable returns on US peak catastrophe risks combined with poor investment returns elsewhere has caused a growing number of mutual funds, hedge funds and other capital sources to try to capture a portion of US peak catastrophe business. But there are inhibitors to these investors diversifying into a wider range of risks. 10 September 2013
News
Athens-based independent broker Matrix has continued to chip away at global domination, successfully becoming a Lloyd’s broker last year. Intelligent Insurer speaks to Gerry Tighe, head of treaty at the firm, about how the company has secured itself as the leading reinsurance broker in Greece and Cyprus. 9 September 2013
News
Perceptions that an improvement in interest rates will help lift reinsurers’ profitability are unlikely to become a reality, with rates expected to soften in response to an improved investment environment. 9 September 2013
News
Gerry Tighe, head of treaty at broker Matrix, believes the recent deal that sees Guy Carpenter take a significant stake in the new venture called Carpenter Turner, which it will use develop business in Greece, Cyprus and adjacent countries, could become a template of things to come in the industry. 9 September 2013
Insurance
Broker Lineslips, the practice whereby insurers or reinsurers delegate their underwriting authority to a broker on business that they had traditionally placed in the open market, can be disruptive to the market as a whole. 9 September 2013
Insurance
Litmus Analysis, the consultancy that specialises in helping companies better understand their financial strength and ratings, gives 11 top tips on how reinsurers can better manage their relationships with rating agencies. 9 September 2013
Insurance
Xchanging, the business process, procurement and technology services provider, hosted and completed a ladies’ charity cycle ride on Saturday September 7 in advance of the Monte Carlo Rendez-Vous. 9 September 2013
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