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Insurance
The mortgage reinsurance markets have continued to develop and mature to the extent this product now represents a mainstream line of business for the growing number of reinsurers operating in the space, Joe Monaghan, leader of Aon Benfield’s US credit & guaranty, and government practice, told PCI Today. 16 October 2017
Insurance
Despite losses from the recent hurricanes set to exceed $100 billion, AM Best still expects the losses to have only a limited impact on the sector’s capital, making this an earnings event more than a capital event for the overall US property/casualty industry. 16 October 2017
Insurance
Reinsurers and large insurers are at risk of being hit by unexpectedly large losses stemming from a large cyber attack on a par with substantial hurricane losses in the US—because they do not understand their aggregations to this exposure. 16 October 2017
Insurance
While the industry has enough capital to handle the losses from the recent hurricanes, even at the higher end of estimates, it will be the psychology of the market that will determine potential changes in rates, with the fear factor having an important role to play, Brian Schneider, Fitch Ratings’ global head of reinsurance, told PCI Today. 16 October 2017
Insurance
Run-off insurer DARAG has expanded its international business by appointing a new chief executive officer (CEO) for the group’s Maltese risk carrier as well as two country managers. 8 September 2015
Insurance
Insurers worry that the introduction of self-driving cars will shrink auto insurance premiums, but these decreases may be offset by an annual $15 billion additional business from new insurance product lines centred upon autonomous vehicles, according to a US study by Accenture. 19 May 2017
News
The reinsurance industry is reaching a point where economics will prevent further significant price reductions. 18 February 2015
Insurance
The insurance industry is ahead of other sectors when it comes to data breaches, according to a new report by global information firm Crown Records Management and Censuswide. 7 September 2015
Insurance
The role of global reinsurers must extend beyond their traditional duties when ceding risk for local insurers in African markets. In particular, they must invest in education around insurance in the region. 16 February 2015
Insurance
PIB Insurance Brokers has recruited Bernard Mageean as managing director, underwriting and placement. 3 February 2016
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