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Hiscox Re’s strategy of balancing its internationally traded, catastrophe exposed big ticket insurance and reinsurance lines with low volatility retail business is built exactly for times like this—when rates are likely to harden, according to Andrew Dolphin, chair of international business at Hiscox Re. 24 October 2017
Insurance
Munich Re is seeking opportunities to grow in North America after losses stemming from the large nat cat events in the third quarter improve pricing, Hermann Pohlchristoph, member of the board of management at Munich Re, told Baden-Baden Today. 24 October 2017
Insurance
Despite the many investments being made in innovation by re/insurers, few are focusing on the one thing that could gain them new business: a more sophisticated sales process, argues John Holm at Lloyd’s managing general agent Asta. 24 October 2017
Insurance
Pricing in Europe, the Middle East and Africa (EMEA) will be influenced by the heavy losses in the US stemming from hurricanes Harvey, Irma and Maria despite the fact that the capital bases of most large reinsurers are likely to be unaffected and competition in the region remains robust. 23 October 2017
Insurance
Insurers face rate increases particularly in regions affected by nat cat events in the third quarter, but pressure is also rising in other regions, Tim Paske, managing director at re/insurance broker BMS, told Baden-Baden Today. 23 October 2017
Insurance
The Guy Carpenter Baden-Baden 2017 Reinsurance Symposium has placed disruption at the centre of the agenda and identified it as the theme for the annual industry meeting during the opening event, which featured Munich Re CEO Joachim Wenning as one of its speakers. 23 October 2017
Insurance
Mike Van Slooten, head of market analysis–international at Aon Benfield, discusses key industry trends in the wake of recent major catastrophe losses with Baden-Baden Today. 23 October 2017
Insurance
The extent to which rates may or may not increase in the aftermath of severe losses remains the biggest debate in the industry. Arno Junke, the CEO of Deutsche Rück, tells Baden-Baden Today that there will be a wide range of implications in the market. 23 October 2017
Insurance
The risk of physical damage arising from a cyber attack is a growing area of concern, driven by recent incidents and the potential scale of future events, according to Tom Harvey, product manager of RMS Cyber Solutions. 23 October 2017
Insurance
The bilateral “covered agreement” between the US and EU provides regulatory clarity and reduces the regulatory burden for US and EU reinsurers operating in each other’s markets, according to AM Best. 23 October 2017
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