Articles
Insurance
Innovations in technology have the potential to make a big difference to re/insurers in a number of ways but Third Point Reinsurance is most interested in developments that can help it underwrite business more efficiently and with greater accuracy. 8 September 2019
Insurance
Global reinsurance can expect to face market “headwinds” in 2020, despite strong capitalisation and rising pricing, ratings agency Moody’s has said. 8 September 2019
Insurance
The challenges of modelling cyber are well known—lack of event data and expansions of coverage among them. CyberCube Analytics and Guy Carpenter have explored the size and shape of cyber catastrophes in a new report: “A US Cyber Insurance Industry Catastrophe Loss Study: 2019 Looking Beyond the Clouds”. 8 September 2019
Alternative Risk Transfer
The 2017/18 losses and subsequent loss creep in the US has prompted insurance-linked securities (ILS) investors to take a fresh look at the space. Although far from abandoning the sector, they are becoming more discerning, Bill Dubinsky, managing director and head of ILS, Willis Re Securities, told Monte Carlo Today. 8 September 2019
Insurance
Large casualty losses are becoming more frequent and insurers must find better ways of pricing general and excess liability business if they are to avoid getting stung, Ron Adiel, chief executive officer of Advisen, told Monte Carlo Today. 8 September 2019
Insurance
Insurers would benefit from forming deeper relationships with their reinsurers, working increasingly collaboratively as opposed to having a largely transactional arrangement, according to Ian Thompson, the group chief claims officer of Zurich Insurance Group. 8 September 2019
Insurance
The global reinsurance market has seen prices rise in places despite a wide range of what S&P Global Ratings called “secular headwinds”. The rating agency also called for reinsurers to copy companies in other sectors in a bid to be relevant and become more innovative. 8 September 2019
Alternative Risk Transfer
Specialist Lloyd’s re/insurer Beazley’s innovative Smart Tracker facility, which it launched in 2018, is targeted to write $1 billion of business within five years, Patrick Hartigan, head of reinsurance at Beazley, told Monte Carlo Today. 8 September 2019
Insurance
Broker Marsh and Construction Risk Partners (CRP), a specialty broker dedicated to the US construction industry, have entered an agreement whereby CRP management will buy back the company’s stock from JLT Specialty USA. 6 September 2019
Alternative Risk Transfer
The market for Insurance-Linked Securities (ILS) is resilient in 2019 with continued support for new issuance, despite hurricanes and other events leading to a challenging market. 6 September 2019
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