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Reinsurance industry sceptical on federal cat fund proposal

North America22-01-2013Insurance News, Reinsurance News

Reinsurance leaders have reacted with scepticism to the proposed creation of a federal backstop funding source for state-sponsored reinsurance facilities in the US that cannot meet their financial obligations in the future.

Insurers unprepared for geomagnetic storms

Europe21-01-2013Insurance News, Reinsurance News

With a peak in solar and geomagnetic activity expected in 2013-2014, insurers need to work towards a better understanding of the consequences of a space weather event, according to a new report by Aon Benfield.

ILS is not a threat to reinsurance, says AM Best

Asia Pacific, Europe, Latin America, MENA, North America18-01-2013Alternative Risk Transfer News, Reinsurance News

Insurance-linked securities (ILS) do not pose a significant threat to traditional reinsurers, despite increasing competition within the market.

Antares strengthens historic ties with Itochu Corporation

Asia Pacific, Europe17-01-2013Insurance News, Reinsurance News

Lloyd’s managing agency Antares said that its recent tie up has come on the back of strong historical trading links with Japanese trading company Itochu Corporation, who said the deal expands its existing insurance activity.

Argo’s first sidecar to complement portfolio

Bermuda, North America16-01-2013Alternative Risk Transfer News, Insurance News, Reinsurance News

Bermudian re/insurer Argo Group has stressed that the recent sidecar it formed, capitalised by capital market investors, is very different to similar vehicles launched by its rivals.

OIM announces e-Underwriting division


OIM Underwriting, a subsidiary of Arthur J Gallagher, has announced the launch of its e-Underwriting division.

Asia Pacific region offers growth potential

Asia Pacific, Australia15-01-2013Insurance News

The Asia Pacific region continues to provide significant opportunities to the insurance industry at a time when many other more established markets are facing problems. That is the view of broker BMS, which has just opened an office in Sydney, Australia.

More insurers outsource asset management

Asia Pacific, Europe, Latin America, MENA, North America14-01-2013Capital Management News, Insurance News, Reinsurance News

Insurers are increasingly seeking assistance in managing their investments, with many choosing to outsource their asset management function to third party specialists.

Lack of flood solution a worry for UK insurers

Europe, UK10-01-2013Insurance News

The lack of an agreement between the UK government and insurers that would establish a new solution for how flood risk is covered remains a big worry for insurers as thousands of homes could be left uninsured when the existing agreement expires.

Governments must pool resources and listen to insurers

Europe09-01-2013Insurance News

Governments must work together to mitigate the increasingly complex array of interconnected risks and challenges facing their economies and populations.

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