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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
Awards
Best Reinsurance Broker for Client Responsiveness (revenues of less than $1bn) winner: JLT Towers Re
JLT Towers Re reigned supreme as it secured the top spot for best reinsurance broker for client responsiveness with revenues of less than $1 billion with a score of 6.32 out of 10. Formed in 2013, the business combined Towers Watson’s reinsurance broking business and JLT Re. 14 September 2014
Awards
Two brokers, JLT Towers Re and Beach & Associates, battled it out for the top slot for best reinsurance broker for innovation with revenues of less than $1 billion, with the former just pipping Beach & Associates to the post with a score of 6.478 out of 10. 14 September 2014
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
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
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
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
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
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
Randall & Quilter, the specialist non-life legacy insurance investor, posted a strong set of results for the first six months of 2017 as it benefitted from a robust pipeline of legacy business and the impact of simplifying the business, which has included some disposals. 4 September 2017
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