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Insurance
The insurance industry should expect more consolidation and greater competition in the years to come with the most successful firms becoming those that can innovate quickly and launch new products into new markets. But the industry must also resist yet more regulation. 25 February 2013
Insurance
Two of Europe’s largest re/insurance institutions posted solid 2012 results this week with both boasting healthy underwriting profits and solid combined ratios. 21 February 2013
Insurance
The use of transactional insurance, a type of policy tailored to cover the risks surrounding commercial business transactions such as mergers, acquisitions and private equity investments, could rise by as much as 25 per cent in 2013. 20 February 2013
News
Martin Sullivan, the deputy chairman of Willis Group Holdings and chairman and CEO of the Willis Global Solutions unit, will leave the firm in May 2013, after a transition, to pursue other interests. 20 February 2013
Insurance
The meteor blast in Russia last Friday was a timely reminder of the importance to the insurance industry of catastrophe modelling for extreme events such as meteor strikes and solar flares. 18 February 2013
Insurance
Insurers and reinsurers in Europe will feel vindicated by a recent report published by the EC and conducted by Ernst & Young that concludes that the practice of co-re/insurance agreements in the subscription market does not break competition rules. 15 February 2013
News
Boosted by a slight hardening of rates on some lines and a relatively benign period of catastrophe activity, it seems many reinsurers have responded to the difficult investment environment by improving the profitability of their underwriting books. A number of reinsurers have posted healthy combined ratios for their 2012 results in recent weeks. 12 February 2013
Alternative Risk Transfer
For Lloyd’s to accept a new syndicate, the business must bring something new to the table. That is the view of Stephen Cane, chief executive of third party syndicate manager, Asta, which has recently launched a new syndicate at Lloyds. He says the business had to demonstrate innovation and a unique offering to gain approval. 8 February 2013
Insurance
Regulatory changes in the insurance market could have a significant impact on the amount of reinsurance purchased by captive insurers. 6 February 2013
Insurance
Some Lloyd’s underwriters do not use catastrophe models to their full potential. As a result, syndicates must invest in ensuring staff have a better understanding of models and their inherent strengths and weaknesses. 6 February 2013
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