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Insurance
Just as paying kidnappers is widely outlawed, with people understanding that doing so encourages more crime of this nature, bending to the ransom demands of online criminals will also fuel bigger and more prevalent ransomware attacks in the future. 13 September 2016
Insurance
As competition has intensified in the London Market, more carriers are open to taking on smaller risks—if packaged correctly. Citadel Risk is pioneering a way of doing just that with US business, as Tony Weller and Mike Palmer explain to Monte Carlo Today. 13 September 2016
Insurance
While the idea that the current soft market environment is a “new norm” for the industry will be greeted as bad news by many reinsurers, there are companies which believe the industry can rise to and embrace this challenge, putting themselves ahead of the pack in the process. 13 September 2016
Insurance
As scale and diversification remain key for reinsurers grappling with pricing pressure, players are adapting their business models, according to Moody’s Investors Service. 12 September 2016
Insurance
One of the outcomes of the increased regulatory burden that has been imposed on insurers in recent years, exacerbated by Solvency II, has been the forcing of smaller insurers to consider either converting into agencies, thus avoiding a big part of the burden, or selling out to bigger players. 12 September 2016
Insurance
PwC estimates the overall size of the European non-life discontinued business market remains flat at just under €250 billion ($281 billion). But a survey of market participants shows they expect strong growth in the coming years. 12 September 2016
Insurance
Overall trends in the global reinsurance market remain negative as the result of a combination of global socioeconomic factors, according to rating agency A.M. Best. 12 September 2016
Insurance
The Lloyd’s market is facing difficult times and a big loss would push a number of players, many of which already have combined ratios close to 100 percent, into loss-making territory, according to Darren Doherty, chief executive officer of Pioneer. 12 September 2016
Insurance
While cyber risk holds great growth potential for the industry, insurers lack knowledge on how to manage this risk. Willis Re is looking to help put this right, John Cavanagh, chief executive officer of Willis Re, told Monte Carlo Today. 12 September 2016
Alternative Risk Transfer
Specialist insurance-liked securities (ILS) firm Vario Partners has revealed that Michael Watson will join the partnership in a non-executive capacity. 11 September 2016
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