Articles

Insurance

Modernisation and associated costs the ‘biggest challenge’ for London Market: BLM 

The main challenges in the re/insurance market are modernisation and the associated costs, according to Damian Cleary, partner and head of London Market at BLM.   21 October 2019

Insurance

Arch MI secures over $577m of indemnity reinsurance through Bellemeade Re ILN transaction

Arch Mortgage Insurance Company (Arch MI) has obtained $577 million of indemnity reinsurance on a pool representing $7.2 billion of mortgages from Bellemeade Re 2019-4, a special purpose reinsurer. The reinsurance is for a portfolio of MI policies linked to 113,180 loans issued by Arch MI and affiliates in 2019.   21 October 2019

Insurance

Digital reform for re/insurance

Is the re/insurance sector ready for Industry 4.0? Marcus Schmalbach, Ryskex, asked the question and provided some answers for Baden-Baden Today.   21 October 2019

Insurance

CRESTA updates industry zoning standard

CRESTA has updated all 4,901 low-resolution and 242,172 high-resolution CRESTA zones for the 137 countries it covers, following consultation with the industry.   21 October 2019

Insurance

Maiden Reinsurance files to re-domesticate to state of Vermont

Bermuda-based Maiden Reinsurance, the principal operating subsidiary of Maiden Holdings, has submitted filings to re-domesticate from Bermuda to the US state of Vermont.   21 October 2019

Insurance

AM Best calls for underwriting discipline in January renewals

AM Best has called on European re/insurers to demonstrate underwriting discipline and a continued improvement in rates and terms in 2020.   21 October 2019

Insurance

Hiscox develops parametric product to narrow the protection gap

Hiscox is developing a broad parametric product offering to help narrow the protection gap, according to Daniel Vestergren, Hiscox Re’s chair of international business.   21 October 2019

Insurance

Adequacy the biggest risk facing reinsurers, says AXIS Re EMEA president

Adequacy is the biggest challenge facing the reinsurance industry, according to Andy Hottinger, president of EMEA and LatAm at AXIS Re.   21 October 2019

Insurance

Hannover Re’s Pickel sees cyber risks as biggest challenge for reinsurers; with climate change, nanotech and superbugs also on the radar

One of the reinsurance industry’s biggest areas of focus continues to be cyber risk, said Michael Pickel, chief executive officer of Hannover Re’s German subsidiary E+S Rückversicherung, and member of the executive board at Hannover Re.   21 October 2019

Insurance

Guy Carpenter’s Nash tells Baden-Baden Reinsurance Symposium “we are living in the age of intangibles”

“Technologies are already radically transforming the characteristics of risk assumed by the re/insurance market,” said James Nash, chief executive officer, international at Guy Carpenter, adding: “We are now living in the age of intangibles.”   21 October 2019

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