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Insurance
It is a clear growth opportunity for reinsurers, but flood risk also represents a very difficult challenge for reinsurers to model and price accurately, says Jeremy Walker, reinsurance underwriter at Tokio Marine Kiln. 16 November 2017
Insurance
The US congress has passed a short-term extension to the National Flood Insurance Program (NFIP) until July 31. 26 March 2018
Insurance
Broker Willis Towers Watson has appointed Simon Weaver as the leader of corporate risk & broking (CRB) for Asia and Australasia to accelerate growth in the region. 26 March 2018
Insurance
Randall & Quilter (R&Q), the insurance services and investment company, has failed to complete the sale of its managing general agent, Synergy to Hiscox, but has signed over its marine services to the insurer. 3 March 2015
News
Munich Re has reported a loss in its property/casualty reinsurance unit of €476 million due to high levels of natural catastrophes. 15 March 2018
Insurance
Bermuda-based AXIS Capital Holdings has agreed to pay departing chief financial officer (CFO) Joseph Henry a fee of $1.2 million for advisory services in 2018. 15 December 2017
Insurance
Austria-based Vienna Insurance Group (VIG) has grown premiums and profit in 2017 driven by its focus on Central and Eastern Europe (CEE), according to a company statement. 23 March 2018
Insurance
After experiencing 18 months of above average industry losses, Swiss Re expects that ILS investors will want to see rates harden in 2019, especially for loss-impacted tranches. 20 February 2019
Insurance
XL Group and Cobalt Underwriting, the specialist Shariah compliant managing general agency, have launched the first Shariah compliant product available through Lloyd’s. 13 April 2015
Alternative Risk Transfer
Peak Re has completed the renewal of its Lion Rock Re II sidecar. The success of this transaction, and its predecessor the year before, is a taste of things to come, says Peak Re’s Lawrence Cheng. 27 February 2020
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