Articles

Insurance

Neal faces wide range of problems at Lloyd’s

Lloyd’s is in danger of falling behind the rest of the re/insurance industry if its new chief executive officer John Neal does not get a firm grip relatively quickly, according to Gavin Coull, partner and head of reinsurance at legal firm BLM.   17 September 2018

Insurance

Insurtech Brolly files first own claim with Hiscox after burglary

Insurance startup Brolly, which offers an AI-driven insurance app, is claiming on its own business insurance for the first time after its office was burgled.   14 September 2018

Insurance

Fidelis replaces chief underwriting office in restructuring move

Bermuda-based Fidelis Insurance is replacing its chief underwriting officer and Bermuda CEO Ben Savill who will “leave to pursue other opportunities”.   14 September 2018

Alternative Risk Transfer

Re/insurers brace themselves for $20bn hit from Florence

The re/insurance industry should brace itself for losses of between $15 billion and $20 billion, according to the guidance of risk modelling agencies and analysts.   13 September 2018

Alternative Risk Transfer

Flooding from Florence could trigger NFIP’s protection – again

Hurricane Florence could trigger the risk transfer mechanisms put in place by the National Flood Insurance Program (NFIP) – for the second year in a row.   13 September 2018

News

Swiss Re expects stable rates

Swiss Re expects stable prices for the upcoming January renewals in the absence of any significant events, Moses Ojeisekhoba, head of reinsurance, told Monte Carlo Today.   12 September 2018

Insurance

ILS can help cover cyber risk

Getting the capital markets involved in the coverage of cyber risk would be helpful to cover this peril, Hannover Re CEO Ulrich Wallin said during a press conference during the Monte Carlo Rendez-Vous.   12 September 2018

Alternative Risk Transfer

M&A uptick to boost demand

Hannover Re expects the recent uptick in M&A activity to be followed by further deals, but also to result in higher reinsurance demand, Michael Pickel, Hannover Re executive board member, told Monte Carlo Today.   12 September 2018

Alternative Risk Transfer

Did funds mislead investors?

Some insurance-linked securities (ILS) funds could find themselves in hot water because of how badly they miscalculated their losses in the aftermath of the 2017 catastrophes, John Warwick, managing director and partner, ILS Capital, told Monte Carlo Today.   12 September 2018

Insurance

No fear of new ILS hubs: BSX

The Bermuda Stock Exchange (BSX) continues to develop its core mission, which is to create and maintain a capital markets stock exchange platform for the benefit of Bermuda, according to Greg Wojciechowski, chief executive of the BSX.   12 September 2018

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