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Primary and retro rates increasing; reinsurance will eventually follow: Schroders’ Lohmann
Insurance
Pricing across the risk transfer market continues to resemble a U-curve, with primary rates increasing, retrocessional rates increasing—but reinsurance pricing remaining stubbornly flat with only loss-hit accounts experiencing any meaningful rate hikes.   21 October 2019
TRIA extension remains uncertain; AM Best assesses consequences
Insurance
AM Best has identified 30 insurers with substantial terrorism exposures and a heavy reliance on the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA), which is due to expire on December 31, 2020—something the rating agency has described as a significant concern.   21 October 2019
Insurers in the US should prepare for there being no terror backstop: Guy Carp
Insurance
The market should brace itself for some disruption if the Terrorism Risk Insurance Act (TRIA) is not extended in 2020—and carriers should definitely assume that changes to the terrorism backstop will be made, and prepare accordingly.   21 October 2019
Insurance
As it moves closer to celebrating 100 years in business in 2020, independent reinsurance broker Holborn is investing in the future. The firm’s Peter Beckman explains to APCIA Today how bringing in the best talent will ensure its success.   21 October 2019
Insurance
The US market is in a period of transition, and Swiss Re is helping its primary insurance clients navigate this changing environment by helping them plug gaps in coverage and open up new opportunities, Keith Wolfe, president of US property & casualty, told APCIA Today.   21 October 2019
Insurance
Small, transactional, commercial lines business in the US will increasingly adopt a direct-to-insurer business model, cutting brokers out of the loop, in the same way personal lines business has evolved.   21 October 2019
Insurance
Bermuda-based Maiden Reinsurance, the principal operating subsidiary of Maiden Holdings, has submitted filings to re-domesticate from Bermuda to the US state of Vermont.   21 October 2019
Insurance
With India providing the bedrock for its operations in the region, GIC Re sees the wider Asia-Pacific region as the growth engine for both the world economy and its own aims, Devesh Srivastava of GIC Re told APCIA Today.   20 October 2019
Insurance
Reinsurers may think they know what the perfect client looks like but they might not always be correct. Stuart Shipperlee, managing director of Litmus Analysis, explains the perspective offered by the results of the consultancy’s analysis of North American cedants.   20 October 2019
Insurance
The insurance industry needs to keep a close eye on the horizon for future threats that might be “the next asbestos”, according to risk analysis company Praedicat.   20 October 2019

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