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Overcapacity driven by success
Alternative Risk Transfer
There is an oversupply of capacity in the Asia-Pacific region, which is driven in part by the success of Singapore as a regional reinsurance hub, according to Nick Orton, senior international treaty underwriter at Hiscox Re & ILS.   29 October 2018
Allianz reinsurance programme to mirror the group’s growth
Alternative Risk Transfer
Allianz has a comprehensive footprint across Asia, with its risks managed by a centralised buying strategy, as Amer Ahmed of Allianz Re tells SIRC Today.   29 October 2018
M&A insurance: a standard tool driving deals
Insurance
The use of merger and acquisition insurance and related products has become prevalent in Europe and the US, driven by its ability to reduce deal negotiations and transfer uncertainty, as David De Berry of Concord Specialty Risk and Tim Martin of Hunter George & Partners tell Intelligent Insurer.   29 October 2018
Insurance
London-based reinsurance, wholesale and specialty broker Ed is to be acquired by BGC Partners, a global brokerage and financial technology company.   29 October 2018
Insurance
American International Group (AIG) has appointed Peter Bilsby as global head of specialty.   29 October 2018
Insurance
Munich Re has partnered with Plug and Play, a Silicon Valley-based accelerator and corporate innovation platform, to collaborate with emerging insurtech startups in China.   29 October 2018
Alternative Risk Transfer
Freddie Mac, the US government-sponsored enterprise (GSE) that provides liquidity to the US mortgage markets by buying mortgages from lenders, wants to increase the panel of reinsurers it works with over time to as many as 50—a move intended to ensure its credit risk transfer programme will remain stable and sustainable in the long term.   29 October 2018
Insurance
Insurers increasingly want their reinsurance to potentially give them a competitive advantage—and they expect their reinsurance brokers to innovate to achieve this, Mike Schnur, partner, TigerRisk Partners, told PCI Today.   29 October 2018
Insurance
Insurers are increasingly baffled by the array of insurtech companies competing for their attention and are struggling to conceive a strategy that ensures they keep track of important developments, while ignoring irrelevant background noise.   28 October 2018
Insurance
The impact of insurtech on the reinsurance industry could be limited in the short term—but that does not mean that investments made now will not bear fruit in the future, Jean-Paul Conoscente, chief executive officer of P&C’s US operation and P&C’s reinsurance business unit, SCOR, told PCI Today.   28 October 2018

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