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Reinsurance
Diversification should not be regarded as a panacea by reinsurers and the industry as a whole must be wary of the consequences of under-pricing catastrophe risks however they are packaged. 8 September 2013
Reinsurance
One of the hottest topics at Monte Carlo this year will undoubtedly be the growing influx of third party capital into the collateralised reinsurance market and the many challenges this presents for traditional reinsurers. 8 September 2013
Reinsurance
Amer Ahmed, the chief executive officer of Allianz Re, says the effect the recent influx of alternative capacity is having on pricing will be a big issue and discussion point in Monte Carlo this year. He sees the issue with the perspective of both a buyer and seller of reinsurance and he says the impact it is having
on pricing worries him. 8 September 2013
Reinsurance
“No news is usually good news in reinsurance.” That was the message from Denis Kessler, the chairman and chief executive officer of the reinsurer SCOR, discussing details of the group’s new strategic plan which he presented to investors on September 4. 8 September 2013
Insurance
London has the potential to become the heart of the Islamic financial market, according to Richard Bishop, chief executive of Cobalt Underwriting, an insurer specifically formed to provide Shariah-compliant insurance, speaking at the launch in London. 8 September 2013
Insurance
Brit Group has said it is looking to expand its distribution network by opening a branch office in Bermuda. The office will focus on underwriting excess workers’ compensation reinsurance as well as US property-catastrophe reinsurance, retrocession and ILW’s covers. 8 September 2013
News
Seven members of JLT Re cycled to Monte Carlo to raise £50,000 for two charities: the Wooden Spoon Society, the charity of British and Irish Rugby supporting mentally, physically disadvantaged children; and Action on Addiction, a charity that looks to free people from addiction. 8 September 2013
Insurance
As more insurers transfer legacy business to specialised insurers and financial investors look to run-off as a new investment, Arndt Gossmann, CEO of DARAG explains why the sector is booming. 8 September 2013
News
European reinsurers could bare the brunt of hikes in asbestos costs and reserves as asbestos losses soar by $10 billion for US insurers, according to a report by RuxleyResearch, part of run-off specialist Ruxley Ventures. 8 September 2013
News
The reinsurance industry has changed for the better in recent years in a way that should smooth out the sharp peaks and troughs in pricing and – yet fundamentally remains an industry founded on uncertainty. 8 September 2013
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