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Insurance
Michael fourth strongest hurricane to hit US mainland
Hurricane Michael killed 45 people in the US, as it became the strongest tropical cyclone on record to strike the Florida Panhandle and the fourth strongest hurricane to make landfall on the US mainland, according to Aon’s Impact Forecasting team’s latest edition of its monthly Global Catastrophe Recap report.   8 November 2018
Insurance
Canopius appoints new property treaty underwriter from SCOR
Specialty re/insurer Canopius has appointed Marco Silva as senior underwriter, property treaty reinsurance in London.   8 November 2018
Insurance
Monument Re acquires run-off portfolio from Enstar subsidiary
Bermuda-based Monument Re has acquired a run-off portfolio of traditional life and credit life business from Alpha Insurance, a Belgian composite insurance company and a wholly-owned subsidiary of Enstar Group.   8 November 2018
Insurance
Zurich posts solid results but warns on challenges in P/C business
Zurich Insurance Group posted a stable set of results for the first nine months of the year with its life business and Farmers Exchanges performing well though its CFO warned on the challenging environment it is seeing on the property/casualty side of things.   8 November 2018
Insurance
M&A: Five reinsurers will be left, says Kessler
The property/casualty reinsurance sector will merge to end up in a similar structure as the global life reinsurance sector, SCOR CEO Denis Kessler said during a Nov. 6 S&P Global Ratings insurance conference in London.   6 November 2018
Alternative Risk Transfer
SCOR’s Kessler sees ILS reach 25% of reinsurance capacity
While insurance-linked securities (ILS) are now estimated to be providing around 15 percent of total reinsurance capacity, SCOR CEO Denis Kessler believes that it could grow to 25 percent or a maximum of 30 percent.   6 November 2018
Insurance
Insurtech-related patents soar globally year on year
Investment in insurtech continues to increase exponentially, the latest filings of insurance-related patents has proved with figures jumping by 40 percent between 2016 and 2017, research by law firm RPC has shown.   5 November 2018
Insurance
SCOR tackles profit challenge by adding value in China/India
While China and India promise great growth potential, profitable business for reinsurers is hard to come by—the key is to offer cedants added value and additional services, Jean-Paul Conoscente, CEO of SCOR’s P&C reinsurance business unit globally, told SIRC Today.   29 October 2018
Alternative Risk Transfer
Duperreault calls for ILS to cover threat from cyber
Brian Duperreault, the chief executive officer of AIG, has called for insurance linked-securities (ILS) to help cover the growing challenge of cyber risk, at the official opening event of the 15th Singapore International Reinsurance Conference, noting that Asia has more cyber attacks than any other region.   29 October 2018
Alternative Risk Transfer
A dynamic time for risk in Asia: Aon
Technology, regulatory change and a desire to close the protection gap are the biggest factors shaping the risk transfer landscape across Asia, says George Attard of Aon’s Reinsurance Solutions business.   29 October 2018

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