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More unprofitable business will be forced from Lloyd’s as part of this year’s performance review, although it will also take a more nuanced approach and implement what it called a risk-based approach to regulatory oversight, according to its senior management team. 11 September 2019
Insurance
Bermuda-based Aspen Insurance Holdings has appointed Mary Kotch as its chief information officer (CIO) with immediate effect. She will also join the Aspen Group executive committee. 10 September 2019
Insurance
The global slowdown in economic growth will eventually translate into growth in world insurance premiums, particularly in the non-life and life risk segments. 10 September 2019
Insurance
Liberty Mutual Re’s Dieter Winkel tells FIDES Today how best to respond to what seems an increasingly chaotic world. 10 September 2019
Insurance
Jesus Palacios, director of financial institutions ratings at S&P, told FIDES Today that merger and acquisition (M&A) activity in Latin America this year will be “opportunistic” in most markets or where regional operations are part of the package in larger deals among international players. 10 September 2019
Insurance
“The whole market wants Lloyd’s to succeed and it is widely recognised that Lloyd’s unique attributes are more relevant than ever today. We are not underestimating the size of the challenge ahead of us,” Daniel Revilla, head of Latin America at Lloyd’s, told FIDES Today. 10 September 2019
Insurance
Growth in Latin America is a key part of AXA’s global growth strategy. Philippe Francois, global head of life and health international reinsurance business development at AXA, told FIDES Today all about it. 10 September 2019
Insurance
It’s been a rocky road for many in the industry. Several of Lloyd’s syndicates have closed; others were forced to stop underwriting certain classes and/or territories, Miguel González Arrate, president of Baalnak, told Fides Today. 10 September 2019
Insurance
Rating agency AM Best tells FIDES Today a tale of two very different economies: Guatemala, where there is consistent profitability, and Colombia, where insurers have adopted a cautious outlook despite a growing economy. 10 September 2019
Insurance
As the reinsurance industry and the risks it manages become ever more complex, collaboration will be increasingly important to reinsurers’ success, Eric Schuh of Swiss Re told Monte Carlo Today. 10 September 2019
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