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Insurance
Because of existing earnings pressure due to a soft market and low interest rates, all major reinsurers will shed business if there are further rate decreases in the upcoming renewals season, Benjamin Gentsch, deputy chief executive officer, SCOR, told Monte Carlo Today. 14 September 2016
Alternative Risk Transfer
Hannover Re is not interested in pushing into the corporate market, in contrast to its main competitors, which see it as a way of diversifying and boosting profitability, the company said at a Monte Carlo Rendez-Vous press conference yesterday. 13 September 2016
Insurance
Commodity prices have impacted African countries’ economic growth but this has not reduced re/insurers’ appetite for expansion on the continent, Corneille Karekezi, Africa Re chief executive officer, told Monte Carlo Today. 13 September 2016
Insurance
The industry is facing headwinds, tailwinds and crosswinds—experts including Denis Kessler, chairman and chief executive officer (CEO) of SCOR, discussed these challenges at a PwC-hosted breakfast briefing at the Monte Carlo Rendez-Vous yesterday. 13 September 2016
Insurance
A reduction of earnings due to low interest rates and a soft market will likely result in a process of natural selection within the market as players leave or consolidate, said Victor Peignet, SCOR Global P&C CEO, during a Monte Carlo Rendez-Vous press conference. 12 September 2016
Insurance
A major event on reinsurers’ asset side or an unexpected massive loss event is needed to reverse a decline in rates, as capacity is unlikely to shrink any time soon, according to participants in a panel discussion organised by Fitch Ratings ahead of the Monte Carlo Rendez-Vous. 12 September 2016
Insurance
As managing general agents continue to flourish, John Holm, head of MGA Investments, Asta, explains to Monte Carlo Today what it takes for an MGA to succeed in this market. 11 September 2016
Insurance
The primary motive for attending the Monte Carlo Rendez-Vous is to consolidate relationships with existing clients, according to an online poll of Intelligent Insurer readers—but there is also a portion who go there for less corporate reasons! 11 September 2016
Insurance
Robert Easton, head of Treaty UK and head of Iran, Matrix, talks with Monte Carlo Today about the growth opportunities he sees in Iran. 11 September 2016
Insurance
SCOR has drawn up a new three-year strategic plan, which it said focuses on enhancing its profitability and solvency. It also targets a solid period of growth for the company, partly driven by the US expansion of its property/casualty 8 September 2016
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