Articles
Insurance
Flood exposure data in Asia poses challenges due to the lack of precise location information, which in turn is making it difficult to underwrite this risk and close the protection gap, Iain Willis, managing director of JBA Risk Management Singapore, told SIRC Today. 29 October 2018
Insurance
Allied World’s acquisition of RSA’s operations in Hong Kong and Singapore as well as its takeover by the Fairfax group has strengthened the re/insurer’s capabilities and potential growth opportunities in Asia, Michael Garrison, president Asia-Pacific, told SIRC Today. 29 October 2018
Insurance
JLT Re has poached a senior broker from Willis Re to join its London and International Markets (LIM) division. 4 September 2017
Insurance
Insurance Europe’s Reinsurance Advisory Board (RAB), a representative body for the European reinsurance industry, has accused the US National Association of Insurance Commissioners (NAIC) of deviating significantly from the original language of the bilateral agreement on re/insurance prudential measures, concluded between the EU and US in 2017, in its draft implementation plans. 28 October 2018
Alternative Risk Transfer
Bermuda-based Arch Capital Group said on Oct. 25 that its mortgage insurance (MI) business obtained $368 million of indemnity reinsurance from Bellemeade Re 2017-1, a special purpose insurer. 26 October 2017
Insurance
Qatar Insurance (QIC) Group, which owns Qatar Re and Antares, posted improved profits for the first nine months of the year and solid growth driven by its reinsurance business. 24 October 2018
Insurance
Thomas Miller Specialty, an underwriting agency providing marine, offshore, aerospace and cyber insurance products, has set up a general aviation division. 26 September 2017
Insurance
The use of blockchain may help to overcome issues of trust between parties where there is a potential conflict of interest, and its use may even command a higher premium on contracts where the payment of a claim is automated, Magdalena Ramada Sarasola, senior economist at Willis Towers Watson, suggested to Baden-Baden Today. 22 October 2018
News
Benoît des Cressonnières, chief executive officer of Euler Hermes Reinsurance, with responsibility for the company’s buying programme, says he is expecting a steady renewal with little change in pricing, despite some pressure from reinsurers for rate increases on the back of the 2017 catastrophe losses suffered by many global reinsurers. 22 October 2018
Insurance
A restructure within the Mapfre Group will allow reinsurance unit Mapfre Re to expand its range of products and remit, Eduardo Perez de Lema, chief executive officer and chairman of the management committee of Mapfre Re, told Baden-Baden Today. 22 October 2018
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