Articles
Insurance
Setoo, a London-based insurance and protection-as-a-service company, has closed an €8 million Series A funding round with AXA’s insurtech startup studio Kamet. 18 September 2018
Insurance
Broker BMS Group has hired four new executives from JLT and Price Forbes to expand its energy division. 17 September 2018
Insurance
The reinsurance market must accept that buyers won’t pay a higher price and instead focus on increasing efficiencies in how business is transacted, Michael Papworth, head of Asia and property & casualty at Miller, told Monte Carlo Today. 12 September 2018
Insurance
Global re/insurer MS Amlin and specialty cyber re/insurance analytics and underwriting firm Envelop Risk have unveiled a cyber reinsurance underwriting partnership at the reinsurance Rendez-Vous in Monte Carlo. 11 September 2018
Alternative Risk Transfer
The insurance-linked securities (ILS) market has reacted in an orderly manner after the 2017 catastrophe losses, paying claims and reloading, and it doesn’t have to prove itself any more, Aon Securities CEO Paul Schultz suggested in a conversation with Monte Carlo Today. 11 September 2018
article
Specialty managing general agent (MGA) Nexus Group has completed the acquisition of Altitude Risk Partners from the club-style MGA formation platform Castel Underwriting Agencies via an asset purchase. 10 September 2018
Insurance
The stated desire of many reinsurers last year was for across-the-board rate increases, but this did not materialise at the January 1 renewals, with increases predominantly concentrated in loss-affected lines, Richard Hewitt, head of Business Intelligence, EMEA, Guy Carpenter, told Monte Carlo Today. 10 September 2018
Alternative Risk Transfer
Alternative capital is here to stay and will remain a big part of cedants’ strategies and business plans going forward—the real question is how they balance that with traditional reinsurance. 9 September 2018
Insurance
If the UK leaves the EU without a deal and the European regulators refuse initial Solvency II equivalence, European cedants could lose access to elements of the London reinsurance market, Peter Allen, partner at Moore Stephens, told Monte Carlo Today. 9 September 2018
Insurance
While year-to-date global reinsurance pricing is up slightly between 0 and 5 percent in 2018, in aggregate, momentum is fading as the sector heads towards the January 2019 renewals, according to S&P Global Ratings. 9 September 2018
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