Articles
Insurance
The US workers’ compensation market remains profitable for insurers, but pricing pressure on rates will inevitably erode performance, according to a report by Fitch Ratings. 30 October 2018
Insurance
An increase in losses from unmodelled non-catastrophe events has again illustrated the need for rate increases, Mohit Pande, head of US global property underwriting, Swiss Re, told PCI Today. 30 October 2018
Insurance
The re/insurance industry is facing a structural shift as a consequence of the impact of technology, but not every insurtech venture and vendor will be successful, Stefan Holzberger, chief rating officer at AM Best, told delegates at PCI yesterday. 30 October 2018
Insurance
The market remains tough for reinsurers, with rate increases well below what was forecast 12 months ago as an abundance of capacity maintains pressure on the market, Paul Ludwig, senior vice president and client executive of the reinsurance division of Munich Re America, told PCI Today. 30 October 2018
Insurance
The use of merger and acquisition insurance and related products has become prevalent in Europe and the US, driven by its ability to reduce deal negotiations and transfer uncertainty, as David De Berry of Concord Specialty Risk and Tim Martin of Hunter George & Partners tell Intelligent Insurer. 29 October 2018
Insurance
American International Group (AIG) has appointed Peter Bilsby as global head of specialty. 29 October 2018
Insurance
Speciality re/insurer Brit has appointed John King as chief underwriting officer (CUO) for its subsidiary Brit Global Specialty USA (BGSU). 29 October 2018
Alternative Risk Transfer
Freddie Mac, the US government-sponsored enterprise (GSE) that provides liquidity to the US mortgage markets by buying mortgages from lenders, wants to increase the panel of reinsurers it works with over time to as many as 50—a move intended to ensure its credit risk transfer programme will remain stable and sustainable in the long term. 29 October 2018
Insurance
Swiss Re wants to work with, and complement the efforts of, risk transfer bodies such as the National Flood Insurance Program (NFIP) and the California Earthquake Authority (CEA) to help reduce the protection gap in the US, Keith Wolfe, president of property & casualty, US at Swiss Re, told PCI Today. 29 October 2018
Alternative Risk Transfer
The ILS market has continued its spectacular growth and steady evolution to become an important part of the re/insurance toolbox, according to Paul Schultz of Aon Securities. 29 October 2018
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