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Insurance
In the wake of what may be record levels of catastrophe losses in North America, demand for quota shares is on the rise, Jorg Bruniecki, head of global clients & broker management at PartnerRe, told Baden-Baden Today. 25 October 2017
Insurance
Bermuda-based Qatar Re is set to seize the moment to increase its exposure to the US as rates there recover following the nat cat losses in the third quarter, Luke Roden, chief underwriting officer, short tail classes and head of ceded re, told Baden-Baden Today. 25 October 2017
Insurance
In the wake of recent US nat cat losses, the perceived value of insurance-linked securities (ILS) collateral over a rated “promise to pay” model will rise if reinsurers have failed to use modelling and retrocession to better manage their tail risks, according to Willis Towers Watson’s Q3 ILS market update. 25 October 2017
Insurance
The continued soft market is the biggest concern during this renewals season, according to respondents to Intelligent Insurer’s Baden-Baden 2017 survey, a response that shows that despite the heavy losses in the US in recent months, negotiations in Europe may not involve rate increases to the extent some would like. 25 October 2017
Insurance
Notwithstanding the nat cat events of 2017, the Caribbean Catastrophe Risk Insurance Facility (CCRIF) is confident that its balance sheet is adequately set up to absorb the risk of high payouts in years of multiple extreme events, Isaac Anthony, CEO of CCRIF, told Baden-Baden Today. 25 October 2017
Insurance
Qatar Insurance Company (QIC) enjoyed solid growth in the first nine months of the year but its profits were hit by high catastrophe losses, the soft market and changes to the Ogden rate in the UK. 24 October 2017
Insurance
Lloyd’s has revised its net claims estimates for hurricanes Harvey and Irma downwards but it stressed that there remains a high degree of uncertainty around what the final bill might be. 24 October 2017
Insurance
Property/casualty insurer The Hartford has entered into a definitive agreement to acquire Aetna's US group life and disability business for a cash consideration of $1.45 billion. 24 October 2017
Insurance
Ironshore, a part of Liberty Mutual Company, has named Kristin McMahon as head of US claims. 24 October 2017
Insurance
US-based Ryan Specialty Group (RSG) has reached a definitive agreement to acquire Houston, Texas-based wholesale broker Oxford Insurance Services. 24 October 2017
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