Articles
Insurance
Karen Clark and Company (KCC) will offer full global coverage in its catastrophe modelling within 18 months, according to Karen Clark, the company’s founder. 10 September 2019
Alternative Risk Transfer
Pool Re, the UK’s state-backed terrorism reinsurer, wants to increase the number of reinsurers willing to participate on its retrocessional placements and the number of investors willing to support its ILS programme as it cannot buy as much capacity as it would like. 10 September 2019
Insurance
Re/insurer AXA XL is simplifying its reinsurance organisational structure, aligned around its key markets and intended to enhance the focus on its 'payer to partner' strategy. The changes, effective January 2, 2020, will include combining its Bermuda and London platforms, and centralising its claims and operational functions into one global unit. 9 September 2019
Insurance
Reinsurance broker Guy Carpenter, a wholly owned subsidiary of Marsh & McLennan Companies, has unveiled a key leadership change to integrate the capabilities of JLT Re and further its growth strategy. 9 September 2019
Insurance
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Alexander Montoya as president of US, Bermuda and LatAm, effective immediately. 9 September 2019
Insurance
Broker clients of Advisen, a collector of industry loss data, are reporting more difficult renewal conversations with their insureds on D&O, president Jeffrey Cohen told Monte Carlo Today. 9 September 2019
Insurance
Aon has launched an auction capability for the January 1, 2020 reinsurance placements, claiming it can save insurers’ time. 9 September 2019
Alternative Risk Transfer
Nephila Capital, the insurance-linked securities (ILS) specialist now owned by Markel, has received regulatory approval to establish its own Lloyd’s managing agency. Nephila Syndicate Management will launch on October 11, 2019. 9 September 2019
Insurance
Specialist Lloyd’s re/insurer Beazley will be seeking 10 percent rate increases across the board in this renewals season as it looks to offset higher retrocessional costs while re-pricing perils responsible for larger than expected losses in recent years. It also expects to shed 10 percent of its business. 9 September 2019
Insurance
According to a new AM Best report, the global reinsurance market as a whole has exhibited more underwriting control, as evidenced by a holding back of capacity at the midyear 2019 renewals. However, questions remain over the sustainability of this newfound discipline. 9 September 2019
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