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Insurance
Re/insurers are making more capacity available for parametric weather coverage, which is driving prices down, according to Kurt Cripps, managing director at Aon Benfield, who said that the broker has created a panel of more than 15 carriers. 24 October 2016
Insurance
There will be less talk of rate reductions in Baden-Baden this week as buyers and brokers have both accepted that further reductions will not help the market, Geoffrey Peach, executive vice president of TransRe Europe and chief executive of TransRe London, told Baden-Baden Today. 24 October 2016
Insurance
US re/insurers mulling a launch in the UK or Europe are stuck in limbo thanks to the uncertainty created by the UK’s vote to the leave the EU and the impasse before negotiations even start, Andrea Best, partner at law firm Drinker, Biddle and Reath, told PCI Today. 24 October 2016
Insurance
Intelligent Insurer’s regular ranking of a selection of independent London market brokers shows that most of the biggest players continue to see growth—but not all of them, and profits are another matter again. 24 October 2016
Insurance
While a lack of severe or market-changing losses as a result of some of the recent hurricanes including Hurricane Matthew will be a relief to many of the reinsurers attending Baden-Baden this week, this cannot mask the more fundamental challenges they face, Clive O’Connell, partner, head of insurance and reinsurance at law firm McCarthy Denning, told Baden-Baden Today. 23 October 2016
Insurance
The aggressive growth strategies of emerging re/insurance hubs such as Singapore and Dubai is succeeding in luring reinsurance business from the London Market—a phenomenon that is exacerbating the uncertainty surrounding the UK’s decision to leave the EU, which is also motivating companies to move elsewhere. 23 October 2016
Insurance
Specialist insurer Markel International has expanded its personal accident, contingency and entertainment team with the appointment of Alex Clegg as senior underwriter, and Pippa Morris and Anna Beaman as underwriters. 23 October 2016
Insurance
AXIS Insurance, a subsidiary of AXIS Capital, has appointed Tracy Harrington Cloud as senior vice president, international distribution and broker management. 21 October 2016
Insurance
Asta, a managing agent at Lloyd’s, has received "in principle" approval from the Lloyd’s Franchise Board to establish and manage Verto Quota Share Syndicate 2689. 21 October 2016
Insurance
After eight years of good earnings, profitability is expected to plummet in 2016 for the UK home insurance market with the sector posting a net combined ratio of 99 percent, according to an EY analysis. 21 October 2016
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