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ILS supply leads to rate ceiling
Alternative Risk Transfer
There will not be a significant movement in rates for the reinsurance industry at the end of year renewals, Ed Hochberg, chief executive officer of JLT Re in North America, told PCI Today.   28 October 2018
Insurance
Aon is confident about its organic growth potential as its competitor Marsh & McLennan Companies (MMC) acquires specialty re/insurance broker Lloyd Thompson Group (JLT), Gregory Case, Aon CEO suggested during the broker’s third quarter 2018 results conference call.   27 October 2018
Guy Carpenter revenues fall 20% in Q3
Insurance
Marsh & McLennan’s (MMC’s) reinsurance unit Guy Carpenter has seen its revenues fall by 20 percent year on year in the third quarter of 2018 to $215 million.   25 October 2018
Insurance
Suppliers are at risk of having insufficient trade credit insurance as some British firms, such as retailers and manufacturers, stockpile goods amid mounting concerns of a no-deal Brexit, according to Marsh, an insurance broking and risk management solutions provider.   25 October 2018
Insurance
Property/casualty insurer Chubb has named Keith Higdon as president of ESIS, the company's risk management solutions division, and Joe Vasquez as new head of global accident and health insurance business.   25 October 2018
Insurance
Hong Kong-based blockchain company Galileo Platforms has secured $2 million Series A funding from specialist property/casualty reinsurer Greenlight Capital Re to accelerate its growth.   24 October 2018
Insurance
Macro sector trends such as rising yields and claims inflation will form the background for the next phase the re/insurance markets will enter, David Flandro, global head of analytics at JLT Re, told Baden-Baden Today.   24 October 2018
Insurance
Run-off expert Arndt Gossmann has launched his latest venture in response to market demand following the introduction of Solvency II and to help dispel any stigma associated with using run-off as a strategic tool, he told Baden-Baden Today.   24 October 2018
Insurance
Bermuda-based Fidelis Insurance Holdings has revealed plans to establish a re/insurer in Ireland, which it said will allow it to take advantage of opportunities in the European Economic Area.   23 October 2018
Insurance
Hannover Re Group has revealed that Michael Pickel will succeed Ulrich Wallin as chief executive officer (CEO) of its German reinsurance subsidiary E+S Rück.   23 October 2018

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