Articles
Insurance
The market is moving in the right direction on rates but the landscape is becoming increasingly complex. Whatever the shape of the future Bermuda remains well positioned as a global risk hub, said panellists at the annual Bermuda:Re+ILS Monte Carlo Roundtable, in association with Markel Re. 10 September 2019
Insurance
The UK’s possible departure from the UK has not had any discernible impact on appetite for deals in the UK insurance sector, with the fall in the pound making valuations attractive and quantitative easing ensuring there is plenty of money looking to be invested. 10 September 2019
Insurance
Global reinsurance prices are set to stay flat or rise slightly, with buyers reassessing risk-adjusted returns following substantial natural catastrophe claims in 2017 and 2018, according to a Moody’s survey. 10 September 2019
Insurance
Xceedance has a global footprint of service and insurtech, but also understands regional nuances and appreciates the challenges its clients face in specific markets, George Freimarck of Xceedance told Monte Carlo Today. 10 September 2019
Insurance
Insurance is a heavily regulated market which makes it very difficult for new entrants to severely disrupt it, according to James Willison, managing director at WCL, a technology vendor providing data transfer and messaging systems. 10 September 2019
Insurance
Credit insurance company Euler Hermes is becoming more selective in some parts of its portfolio as it fears the adverse effects of a global economic slowdown while also seeking some rate increases something that will benefit the reinsurers it works with on a proportional basis. 10 September 2019
Insurance
A few years ago there was plenty of talk about alternative capital being a major threat to the sector and something that was going to radically transform it. That view has changed, Robert DeRose, senior director, Global Reinsurance Ratings and Greg Carter, managing director, Analytics EMEA & AP, at AM Best, told Monte Carlo Today. 10 September 2019
Insurance
Gossmann & Cie, the company formed by former DARAG chief Arndt Gossmann to develop a new capital management tool for insurers, will form a carrier on Malta by the end of the year, which will utilise the domicile’s protected cell company (PCC) regime to assume liabilities for its first clients. 10 September 2019
Insurance
Re/insurer AXA XL is simplifying its reinsurance organisational structure, aligned around its key markets and intended to enhance the focus on its 'payer to partner' strategy. The changes, effective January 2, 2020, will include combining its Bermuda and London platforms, and centralising its claims and operational functions into one global unit. 9 September 2019
Insurance
Re/insurance broker Aon has appointed Neville Weston as vice chairman of reinsurance solutions business in Bermuda. 9 September 2019
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