News
Insurance
Pool Re, the UK terrorism reinsurance pool, has published its first quantitative assessment of terrorism in 2016, analysing the frequency and severity of terrorism events in its new Terrorism Threat and Mitigation Report. 26 September 2017
Alternative Risk Transfer
Allianz has a comprehensive footprint across Asia, with its risks managed by a centralised buying strategy, as Amer Ahmed of Allianz Re tells SIRC Today. 29 October 2018
Awards
Best Reinsurance Broker for Client Responsiveness (revenues of more than $1bn) winner: Guy Carpenter
Guy Carpenter shot into first place for best reinsurance broker for client responsiveness with revenues of more than $1 billion with a score of 7.10 out of 10. 14 September 2014
Awards
The title chase for best reinsurer for expertise and market knowledge with GWP of less than $2 billion was close, with Catlin Re coming out on top with a score of 7.44 out of 10. The specialist property/casualty reinsurer was well recognised throughout the survey. 14 September 2014
Insurance
American International Group (AIG) reported a net loss of $6.66 billion for the fourth quarter of 2017, compared to a net loss of $3.04 billion in the prior-year quarter. 9 February 2018
Insurance
Former Endurance CEO Ken LeStrange retired as the chairman of US-based Orchid Underwriters' board of directors, the company said. He will be replaced by Steven Carlsen, who was also a founding member of Bermuda-based Endurance Specialty Holding. 28 March 2017
Insurance
Lloyd’s of London is set to establish a branch in Mumbai in 2017 after receiving approval from the Indian regulator, Insurance Regulatory and Development Authority of India (IRDAI), allowing it to provide onshore reinsurance service in India. 7 November 2016
News
Munich Re’s projections for the reinsurance industry show little growth for the sector as excess capital continues to compete for business. But the reinsurer also believes that the losses generated by the recent hurricanes will trigger more demand. 11 September 2017
Insurance
Rising interest rates won’t, on their own, improve reinsurers’ operational earnings, and that they will is a common myth that needs to be dispelled—or at least better understood—by the industry, Stuart Shipperlee, head of analysis at Litmus Analysis, told Baden-Baden Today. 22 October 2018
Alternative Risk Transfer
Parametric cat bonds can help the countries of South Eastern Europe, Central Asia, the Caucasus, and the Commonwealth of Independent States as well as Turkey (ECIS) close the protection gap associated with natural catastrophe risk, Kirill Savrassov, chief executive officer of Phoenix CRetro, a niche Bermudian ILS specialist, told Baden-Baden Today. 22 October 2018
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