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A PartnerRe survey on cyber has revealed a difference in opinion between underwriters and brokers on whether cyber perils should be covered in property claims. 23 October 2019
Insurance
Google, Facebook and Amazon could become significant players in the re/insurance business of the future, according to Johannes Martin Hartmann, chairman of the board at VIG Re. 23 October 2019
Alternative Risk Transfer
As investments into China’s Belt and Road Initiative (BRI) increase, Kirill Savrassov, CEO of Phoenix CRetro Reinsurance Company, told Baden-Baden Today that it represents big opportunities and challenges for the reinsurance industry, especially from a cat perspective. 23 October 2019
Insurance
The decision to set the Ogden discount rate at minus 0.25 percent is likely to push people being awarded large insurance payouts to demand lump sum payments, rather than periodic payment orders (PPO). 23 October 2019
Insurance
The re/insurance industry is now going through the changes that the banking and financial services sector encountered after 2008, according to Vivek Bajaj, managing director for Continental Europe at RMS. 23 October 2019
Insurance
Contrary to expectations that solvency ratios would start to be seen as a substitute for credit ratings, credit ratings are in fact becoming more important, Stuart Shipperlee, managing director of Litmus Analysis, told Baden-Baden Today. 23 October 2019
Insurance
The fact that the Terrorism Risk Insurance Act (TRIA) needs to be renewed in an election year adds a potential complication to Congress’s reauthorising the terrorism insurance backstop, according to analysts at AM Best. 22 October 2019
Insurance
AM Best expects reinsurers’ earnings to see further erosion in 2019 following another year of major catastrophe losses, but the spate of catastrophe events may prolong the positive momentum that reinsurance pricing has experienced throughout 2019. 22 October 2019
Insurance
In a world dominated by short-term gains, Holborn bucks the trend. As Holborn edges closer to celebrating 100 years in business next year, Berto Sciolla, one of its newer recruits, explained to APCIA Today what attracted him to the firm and what sets it apart. 22 October 2019
Insurance
Providers of cyber re/insurance must continually adjust to what is an ever-evolving risk and an ever-adapting market, Annamaria Landaverde, senior vice president and cyber practice lead at the reinsurance division of Munich Reinsurance America, told APCIA Today. 22 October 2019
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