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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
It is targeting a top 10 reinsurance spot on a global basis but GIC Re understands that, especially in continental Europe, reinsurance is a long-term relationship-driven game. Lucky then that the Indian company is itself a long-haul player and will be patiently awaiting any opportunities, says Alice Vaidyan, chairman-cum-managing director of GIC Re. 23 October 2016
Insurance
It is targeting a top 10 reinsurance spot on a global basis, and to achieve this GIC Re must overcome a complex regulatory environment and shrinking panels to crack the North American reinsurance market. Yet the company is determined, says Alice Vaidyan, chairman-cum-managing director of GIC Re. 23 October 2016
Alternative Risk Transfer
Non-life insurance-linked securities (ILS) capital hit new heights in 2015 as re/insurer interest and investor confidence continued to grow, according to a new report by global advisory, broking and solutions company, Willis Towers Watson. 20 January 2016
Insurance
The disruptive impact of insurtech, consolidation and further severe cat losses dominate the worries of our readers as they reflect on 2018—but they also appear resigned to grappling with such difficulties as the market heads into 2019. Those were some of the findings of the Intelligent Insurer year-end online survey. 20 December 2018
Insurance
Insurer ACE has appointed Kamal Hamzah as regional medical malpractice manager for Asia as it continues to expand its financial lines product portfolio in the region. 18 May 2015
Insurance
Ironshore Canada has entered the commercial property market following licensed approvals to provide property coverage products to select, specialty sectors in every Canadian province, except Quebec. 17 June 2014
Insurance
For brokers and MGAs having clean and accurate data is the key to almost everything, says Frank Fortunato, CEO of CATEX. 25 April 2016
Insurance
Clem Booth, formerly a senior executive with Allianz, Munich Re and Aon Re, has been appointed as non-executive chairman of DUAL, the underwriting arm of insurance group Hyperion. He will also become a non-executive director on the board of Hyperion. 5 October 2015
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