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Insurance
Xceedance, a provider of property/casualty insurance technology, analytics and consulting services, has established an office in London to serve the European, Middle East and Africa (EMEA) market. 25 October 2016
Insurance
Reinsurers should do more to close a widening protection gap, but governments remain hesitant to transfer risk to the industry. 24 October 2016
Insurance
There will be less talk of rate reductions in Baden-Baden this week as buyers and brokers have both accepted that further reductions will not help the market, Geoffrey Peach, executive vice president of TransRe Europe and chief executive of TransRe London, told Baden-Baden Today. 24 October 2016
Insurance
At such a challenging time for the market, buyers are increasingly seeking new and alternative solutions, meaning that smaller, innovative brokers can thrive, as Mark Waterkeyn and Mark Finch from Lockton Re tell Baden-Baden Today. 24 October 2016
Insurance
Zurich Insurance will seek further efficiencies in its reinsurance programme by combining parts of its two major placements globally, in a move that will benefit its core reinsurance partners at the cost of some smaller players, Markus Meier, head of reinsurance management at Zurich Insurance Company, told Baden-Baden Today. 24 October 2016
Insurance
Munich Re will continue to reduce its participation or walk away completely from transactional reinsurance business that it regards as under-priced in favour of doing bigger, bespoke, individual deals with clients—an area where it has enjoyed growth in recent years, Ludger Arnoldussen, member of the management board at Munich Re with responsibility for Germany, Asia Pacific and Africa Division, told Baden-Baden Today. 24 October 2016
Insurance
Bermuda-based Somerset Reinsurance has increased its common share capitalisation to $375 million, having secured investments from three strategic investors including Hannover Re and a diverse group of high net worth investors. 24 October 2016
Insurance
Harrington Re, the new reinsurance venture by AXIS and alternative asset manager Blackstone, which raised $600 million in July this year, has been warmly received by potential clients so far as it moves into its first renewals, Jay Nichols, the chief executive of AXIS Re, told PCI Today. 24 October 2016
Insurance
US re/insurers mulling a launch in the UK or Europe are stuck in limbo thanks to the uncertainty created by the UK’s vote to the leave the EU and the impasse before negotiations even start, Andrea Best, partner at law firm Drinker, Biddle and Reath, told PCI Today. 24 October 2016
Insurance
PartnerRe has refocused its business model globally and also tweaked the structure of its North American business since it was acquired by Italian investment company Exor last year. All its changes will benefit clients, Greg Haft, executive vice president and head of global cat and head of property North America P&C at PartnerRe, told PCI Today. 24 October 2016
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