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Insurance
Aon Risk Solutions, the risk management business of Aon, has introduced a property/casualty and Internet of Things (IoT) insurance policy that offers enterprise-wide coverage against cyber risk. 29 September 2016
Insurance
Willis Towers Watson has appointed Gary Marchitello as head of property broking, North America, and will be based in New York. 28 September 2016
Insurance
The Insurance Institute of London (IIL) has appointed Russell Higginbotham, the global head of life and health products for Swiss Re, as president. 27 September 2016
Alternative Risk Transfer
The benign natural catastrophe environment has been just one factor driving difficulties for the re/insurance industry. These pressures were among the topics discussed by senior executives at a roundtable held in Hamilton, Bermuda, hosted by Xuber, a CSC company. 22 September 2016
Insurance
A new reinsurer that will initially target the Florida property/casualty insurance market has been formed on the Cayman Islands. 15 September 2016
Insurance
InsurTech companies, the catch-all term for technology vendors targeting the re/insurance industry, have the potential to change the entire structure of the sector. 13 September 2016
Insurance
Alternative capital grew again last year but at a slower pace. Paul Schultz, chief executive of Aon Securities, suggests to Monte Carlo Today this growth will continue but innovation will also be needed in the long term. 13 September 2016
Insurance
The substantial level of reinsurance capital, a percentage of which is not being deployed, is putting pressure on reinsurers’ return on equity (ROE), Mike Van Slooten, head of market analysis at Aon Benfield, said at a press conference in Monte Carlo. 13 September 2016
Insurance
A major event on reinsurers’ asset side or an unexpected massive loss event is needed to reverse a decline in rates, as capacity is unlikely to shrink any time soon, according to participants in a panel discussion organised by Fitch Ratings ahead of the Monte Carlo Rendez-Vous. 12 September 2016
News
The industry’s capital continues to grow despite pressure on profits, says Mike Van Slooten, as he unveils the findings of the latest Aon Benfield Aggregate report to Monte Carlo Today. 12 September 2016
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