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Insurance
Allianz is pondering whether it should buy more cyber coverage, Amer Ahmed, CEO of Allianz Re, which handles the insurer’s reinsurance buying programme, told Monte Carlo Today. 13 September 2017
Insurance
Martin Sullivan, the former chief executive of AIG and now a partner in Lightyear Capital, has denied rumours that the private equity firm is looking to sell its stake in broker Ed—of which he is also non-executive chairman. 13 September 2017
Insurance
Despite the fact that scenarios similar to hurricanes Irma and Harvey had been included in underlying models, prices have not reflected the risk—and this must now change, Umberto Gavazzi, SCOR’s chief underwriting officer, treaty P&C, told Monte Carlo Today. 13 September 2017
Insurance
Some insurers are looking to strengthen their reinsurance programmes in the aftermath of hurricanes Irma and Harvey as they fear being underexposed with so much of the hurricane season still to run. 13 September 2017
Insurance
Large losses such as those from hurricanes Harvey and Irma are unlikely to have an impact on the dynamic or structure of the reinsurance market, Andrew Newman, president and global head of casualty at Willis Re, told Monte Carlo Today. 13 September 2017
Insurance
Losses from hurricanes Harvey and Irma could take a long time to be resolved and could hit lines of business the industry may not have considered, according to John Warwick, managing director and partner, ILS Capital Management. 13 September 2017
Insurance
Hurricanes Irma and Harvey, which have caused high losses from wind and floods in North America, are unlikely to affect retrocession prices, Arno Junke, the CEO of Deutsche Rück, told Monte Carlo Today. 13 September 2017
Insurance
UK law firm Bond Dickinson is to combine with Womble, Carlyle, Sandridge & Rice, which is mainly based in North and South Carolina in the US. 13 September 2017
Insurance
Nexus Group is eyeing future M&A deals to diversify and strengthen its managing general agency (MGA) portfolio after its recent acquisition and rebrand of a reinsurance treaty MGA from ZON Re, which it renamed Nexus Re, founder and executive chairman Colin Thompson told Monte Carlo Today. 13 September 2017
Insurance
The market needs to be cautious about what the full impact of hurricanes Harvey and Irma will be, in terms of both what the final losses might be and how these may impact rates, according to Patrick Haveron, president of Maiden Re. 13 September 2017
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