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Insurance
Re/insurers in Bermuda and the US that cover bodily injury claims in the UK will adapt quickly to the higher costs stemming from a change in how settlements are calculated, with just a short-term knock to their earnings, according to a report by Fitch Ratings. 26 April 2017
Insurance
Commercial lines insurer WR Berkley Corporation has reported an underwriting loss for the first quarter of 2017 in its reinsurance operations. 25 April 2017
News
Bermuda-based Everest Re Group has reported a jump in premium and profitability in the first quarter of 2017. 25 April 2017
Insurance
Pen Underwriting has appointed Jason Wilson as regional director for London and the South East, and head of small and medium-sized enterprises (SME) in its commercial division. 25 April 2017
Insurance
Catastrophe modelling firm AIR Worldwide, a Verisk Analytics business, has unveiled a cyber risk modelling application for the re/insurance market that will provide underwriters and risk managers with a variety of cyber analytics. 24 April 2017
Insurance
The cyber insurance market will become more resilient if it is considered as a standalone line of business rather than a peril, according to JLT Re. 24 April 2017
Insurance
The performance of the reinsurance sector shows a clear trend of deterioration as the soft market squeezes profitability. While traditional reinsurers return capital to shareholders due to a lack of profitable business opportunities, alternative capital remains keen for opportunities to invest – potentially making the situation worse, suggests James Vickers, chairman of Willis Re International. 21 April 2017
Alternative Risk Transfer
Now that the market has a solution for ocean marine and offshore energy, the time could be right for these risks to flow into the ILS market, says Tom Johansmeyer of Verisk Insurance Solutions. 20 April 2017
News
Aggregate shareholders’ funds for companies included in the Willis Re Index, which examines the results of the world’s biggest reinsurance groups, increased by 4 percent to $344.1 billion as at 31 December 2016, according to the latest Reinsurance Market Report from Willis Re. 20 April 2017
Insurance
Insurance broker NFP has acquired the US-based intermediary Associated Agency Group, which specialises in personal and commercial property/casualty insurance. 19 April 2017
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