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Berkshire Hathaway Specialty Insurance Company (BHSI) has begun underwriting marine, transport and logistics liability insurance in Australia and New Zealand. 27 October 2015
News
Researchers quizzed cedants on which reinsurers they like to work with on specific lines of business. The following tables show the reinsurers named the most often in Latin America by line of business. 27 October 2015
Reinsurance
Selective underwriting, a clearly defined client base and aligning yourself with non-traditional capital are the key “ingredients of future success” in the property-cat space, Stephan Ruoff, chief executive of Tokio Millennium Re (TMR), told PCI Today. 27 October 2015
Insurance
There is only a low probability that ratings of property/casualty insurance companies in Mexico will be affected by Hurricane Patricia, which made landfall on October 23 along Mexico’s west coast, rating agency Fitch has said. 27 October 2015
Insurance
The re/insurance market in Brazil is turning a corner as the government makes changes that will nurture growth, according to Marcelo Raposo, General Representative Brazil, Tokio Marine Kiln. 27 October 2015
News
It is still too early to predict property-catastrophe rate decreases below negative 10 percent, according to one broker. 27 October 2015
Insurance
On the back of burgeoning demand for complex risk transfer solutions in the growing re/insurance market of Florida, Aon Benfield is to expand its reinsurance and analytical capabilities in the state through a series of transfers and new hires. 27 October 2015
Insurance
One of the most challenging areas for re/insurance at present in Latin America is around major energy projects because the price of oil has made a number of these less viable, says Mike Methley, CEO of JLT Latin America. However, construction, aviation and marine are growing very strongly, he added. 27 October 2015
News
Competing brokers should bear some of the blame for the continuing softening of rates though their influence has also been reduced on some placements, Jean-Paul Conoscente, senior vice president and chief underwriting officer at SCOR treaty underwriting, told PCI Today. 27 October 2015
Insurance
After years of major investment in infrastructure projects, Latin America has experienced a huge decline in 2015 as a result of falling metal and oil prices. This had an impact on terms and conditions in the re/insurance industry. 26 October 2015
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