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Insurance
AmTrust at Lloyd’s is looking to combine its three non-life Lloyd’s syndicates into a single entity, and has applied for the approval. 11 September 2017
News
Hamilton Underwriting, the managing agency of Syndicate 3334 and the Lloyd’s operations of Hamilton Insurance Group, has appointed Nikhil Barvé as head of outwards reinsurance and underwriting supervision. 11 September 2017
Insurance
Hurricane Harvey, which wreaked havoc in Texas at the end of August, may have the potential to revive discussions around the pricing of catastrophe risk, Torsten Jeworrek, head of reinsurance of Munich Re, told Monte Carlo Today. 11 September 2017
Insurance
Data and analytics company Sciemus is widening its remit into risks including natural resources, weather and technology, Rick Welsh, its chief executive, told Monte Carlo Today. 11 September 2017
Insurance
Diversification is essential for evolving the cyber insurance market, yet expanding the cyber remit beyond data confidentiality and further into areas such as operational technology risk, data availability and integrity demands a common cyber risk currency, according to Morley Speed, managing director, and Carolyn Morley, chairman, global casualty, Guy Carpenter. 11 September 2017
News
Munich Re’s projections for the reinsurance industry show little growth for the sector as excess capital continues to compete for business. But the reinsurer also believes that the losses generated by the recent hurricanes will trigger more demand. 11 September 2017
Insurance
Hurricane Irma could possibly be a market-changing event, depending on its path and the level of damage it causes, according to Fitch Ratings. 11 September 2017
Insurance
Five seasoned executives from the re/insurance industry discussed technology, talent, reserves and, of course, pricing in the context of potentially costly hurricane losses at the annual S&P Reinsurance Roundtable at the Monte Carlo Rendez-Vous. 11 September 2017
Insurance
Reinsurers—especially those writing long-tail quota share business—should pay much closer attention to the financial health of their cedants or face what could be dire consequences if that insurer goes out of business. 11 September 2017
Insurance
There is a real opportunity to improve reinsurance processes with the use of blockchain technology, which can deliver cost savings and efficiency gains of 30 percent by taking out unnecessary reconciliation, repetitive duplication of work and waiting times. 11 September 2017
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