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Experts have highlighted the growing importance rating agencies place on strong enterprise risk management (ERM) within reinsurers and how this criterion is now of critical importance for certain reinsurance groups. 12 June 2013
Insurance
Governments must get better at preparing for and managing natural catastrophe risks if they are to reduce risk. That is the opinion of Nikolaus von Bomhard, CEO of Munich Re and former chairman of the Geneva Association – an economic think tank, which held a press briefing in London to coincide with its 40thanniversary. 12 June 2013
News
The way many companies report their risk management activity is opaque, lacking in detail and detached from overall corporate strategy, according to the risk management association Airmic and the Institute of Chartered Secretaries and Administrators (ICSA). 12 June 2013
Awards
Reputation, efficiency and excellent client service are some of the qualities respondents say they seek in business partners across all areas of the reinsurance industry, according to a recent snapshot of answers received by researchers working on Intelligent Insurer’s annual Global Awards Survey. 11 June 2013
News
International insurer, Hiscox, has appointed Jeremy Pinchin as CEO for Hiscox Re. This appointment is the first step in a plan to merge Hiscox’s reinsurance functions in London, Paris and Bermuda, into a single business unit. 11 June 2013
Insurance
Michael McGavick, chief executive officer of XL Group, has been appointed as chairman of The Geneva Association. 6 June 2013
Insurance
Enstar Group, a Bermuda company that acquires and manages insurance and reinsurance companies in run-off, has agreed to acquire Atrium Underwriting Group and Arden Reinsurance Company. 6 June 2013
News
As the US economy continues to show signs of a durable recovery and the EU and US negotiate a new Transatlantic Trade and Investment Partnership, experts have warned risk managers in EU-based international companies to beware of flaws in many multinational insurance programmes that could increasingly come to the fore as trade picks up. 5 June 2013
News
The Catastrophe Risk Exchange, (CATEX), has hired Martin Robinson as managing director for CATEX Europe. 5 June 2013
News
French reinsurer SCOR has acquired the US life reinsurance operations of Assicurazioni Generali for €579m ($750m) plus a 2013 earnings adjustment via SCOR Global Life Americas Holding, one of its subsidiaries. 4 June 2013
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