Articles
Insurance
Property loss activity has been benign in Central and Eastern Europe (CEE) in the past five to six years, benefiting insurers and reinsurers—but this should not mean rate decreases, Christian Kreutzer, head of market underwriting CEE at Swiss Re, told Baden-Baden Today. 24 October 2018
Insurance
Specialist insurance broker Price Forbes, part of the Ardonagh Group of companies, has launched a new security risks practice following three senior hires from Jardine Lloyd Thompson Group, who have expertise in international risk management, military operations and insurance broking and underwriting. 25 June 2019
Insurance
The Insurance Regulatory and Development Authority of India (IRDAI) has formed a reinsurance expert committee to review the current regulatory framework for the market. 9 May 2017
Insurance
The insured property market losses from extratropical cyclone Zeus, which primarily affected France on 6 and 7 March 2017, has reached €272 million, according to Zurich-based catastrophe insurance data provider PERILS. 6 March 2018
Insurance
Lloyd’s may appear to be leading the way on championing underwriting discipline, but all re/insurers should charge an appropriate price and also be disciplined on the terms and conditions they offer, Robert Wildbore, director of reinsurance at Ed Broking, told Baden-Baden Today. 24 October 2018
Insurance
Rating agency AM Best has downgraded Maiden’s rating outlook due to “a decline in balance sheet strength and the potential that continuation of recent underwriting and operating trends could lead to negative action on the rating”. 5 March 2018
Insurance
Re/insurer AXA XL and US-based insurtech Slice Labs, which offers cloud-based on-demand insurance, have launched a new cyber insurance policy specifically designed for small and midsize businesses (SMBs). 1 November 2018
Insurance
Bermuda-based RenaissanceRe Holdings has agreed to acquire its competitor Tokio Millennium Re (TMR) for approximately $1.5 billion from its parent company Tokio Marine Holdings. 31 October 2018
Insurance
Bermuda-based Everest Re Group has extended the employment agreement of president and chief executive officer Dominic Addesso to December 31, 2019. 21 November 2017
Alternative Risk Transfer
Singapore is looking to establish itself as an insurance-linked securities (ILS) hub in Asia to take advantage of rising market demand, George Attard, chief executive officer Asia for Aon’s Reinsurance Solutions business, told SIRC Today. 30 October 2018
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