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Adopting a long-term strategy able to adjust to a rapidly changing reinsurance landscape should be top of the agenda for reinsurers—but there are players that refuse to evolve. 29 October 2014
News
Montpelier Re’s profits fell in the third quarter of 2014 while its gross written premiums increased despite what its chief executive described as competitive market conditions. 28 October 2014
Insurance
Lloyd’s has approved Türker Broker as the first Turkish broker to operate in the London market. 27 October 2014
Insurance
Charles Taylor and the Standard Club have received in-principle approval from Lloyd’s to establish a managing agency and syndicate specialising in marine and energy. 27 October 2014
Insurance
Broker Arthur J. Gallagher (AJG) has unveiled the details of its core UK retail executive team. 24 October 2014
Insurance
A £500 million subordinated bond being placed by Lloyd’s has been doubly subscribed as it attracted £1 billion of orders from investors. 24 October 2014
Insurance
Re/insurers must hold their nerve on price in the current market conditions and be prepared to shrink if needed, Tom Bolt, Lloyd’s director of performance management, told Baden-Baden Today. 22 October 2014
Insurance
Having attracted alternative capital with its potential for healthy returns in a low interest rate environment, the insurance industry is now facing the resulting challenge of declining prices and narrower profit margins. 21 October 2014
Insurance
Rating agency Standard & Poor’s (S&P) recent revision of its Lloyd’s market outlook to stable from positive could be the first warning of more negative actions and downgrades for the wider reinsurance industry. 21 October 2014
Insurance
Canopius Group, the global specialty re/insurance platform of Sompo Japan Nipponkoa Holdings, has appointed Ching Hong Onn as regional engineering underwriter for its Singapore platform. 21 October 2014
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