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Swiss Re’s Flood Toolkit grows
Insurance
An increase in losses from unmodelled non-catastrophe events has again illustrated the need for rate increases, Mohit Pande, head of US global property underwriting, Swiss Re, told PCI Today.   30 October 2018
SCOR tackles profit challenge by adding value in China/India
Insurance
While China and India promise great growth potential, profitable business for reinsurers is hard to come by—the key is to offer cedants added value and additional services, Jean-Paul Conoscente, CEO of SCOR’s P&C reinsurance business unit globally, told SIRC Today.   29 October 2018
ILS investors follow TMR in Asia
Alternative Risk Transfer
As Tokio Millennium Re (TMR) deploys its services and market propositions in the Asia-Pacific region, its insurance-linked securities (ILS) partners are following in its wake—at least in areas where there is sufficient quality of data and reliable risk models, TMR chief executive officer Stephan Ruoff told SIRC Today.   29 October 2018
Insurance
An increasingly complex political environment is causing challenges for insurers as they grapple with the consequences of trade wars and sovereign uncertainties, says Philip Chung of S&P Global Ratings.   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
The use of merger and acquisition insurance and related products has become prevalent in Europe and the US, driven by its ability to reduce deal negotiations and transfer uncertainty, as David De Berry of Concord Specialty Risk and Tim Martin of Hunter George & Partners tell Intelligent Insurer.   29 October 2018
Insurance
London-based reinsurance, wholesale and specialty broker Ed is to be acquired by BGC Partners, a global brokerage and financial technology company.   29 October 2018
Insurance
American International Group (AIG) has appointed Peter Bilsby as global head of specialty.   29 October 2018
Insurance
With its centenary just around the corner, reinsurance broker Holborn is enjoying almost unprecedented growth as US cedants seek a true alternative solution, the firm’s Frank Harrison tells PCI Today.   29 October 2018
Insurance
Low interest rates remain a challenge for insurers—but some have innovated in an attempt to overcome this, as Chip Clark of New England Asset Management tells PCI Today.   29 October 2018

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