Articles
Insurance
While the results as reported by reinsurers show a declining trend, the underlying results, taking into account average cat losses, show how tight profitability in the sector really is, according to the most recent Reinsurance Market Report by Willis Re. 21 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
Insurance
Specialist insurer Markel International has appointed Colin Fordham as a senior marine liability underwriter based in Singapore. 18 April 2017
Insurance
Reinsurers recorded single-digit risk adjusted rate reductions in Japan’s April 1 renewals, according to William Thompson, regional director of broker Willis Re. 18 April 2017
Insurance
Insurers are using artificial intelligence (AI) for example to increase efficiency in the claims process raising potentially unjustified fear among staff of being made redundant, executives noted during a roundtable organised by Intelligent Insurer. 13 April 2017
Insurance
Extratropical Cyclone Zeus, which primarily affected France on March 6 and 7, 2017 has caused insured property market losses of €192 million, according to estimates by catastrophe insurance data provider PERILS. 13 April 2017
Insurance
Amid concerns that artificial intelligence could result in job losses across the industry, re/insurers speaking at an Intelligent Insurer roundtable in London aimed to suppress some of those fears by highlighting the value of AI with tried and tested examples. 13 April 2017
Insurance
Flood Re as appointed Andy Bord, currently interim CEO at Flood Re, to the position permanently, subject to regulatory approval. 13 April 2017
Insurance
Bermuda-based Everest Re is likely to get involved in mergers and acquisitions as reinsurers operating in the US are under significant pressure to grow, according to CreditSights analysts. 13 April 2017
Insurance
Specialty re/insurer Brit has appointed David Lim as the CEO of Brit Global Specialty Singapore with effect from May 15, 2017. 13 April 2017
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