News
News
French reinsurer CCR Group has unveiled a series of appointments including new hires from MS Amlin and Arch. 10 September 2018
article
Specialty managing general agent (MGA) Nexus Group has completed the acquisition of Altitude Risk Partners from the club-style MGA formation platform Castel Underwriting Agencies via an asset purchase. 10 September 2018
Insurance
Catastrophe risk modeling firm AIR Worldwide has released a new severe thunderstorm model for Europe that will allow for a comprehensive assessment of atmospheric risk in the region. 10 September 2018
Insurance
The re/insurance industry is in a much worse position than its bosses will admit and many carriers will be cashflow negative by the end of 2019, industry veteran Stephen Catlin has warned, in an explosive interview in which he stressed that any executive running a public company could not risk highlighting this reality to investors. 10 September 2018
Insurance
The concept of ‘payback’ in the aftermath of heavy catastrophe losses has now gone for good, and reinsurers must adjust accordingly, Charles Cooper, chief executive of reinsurance for XL Group, told Monte Carlo Today. 10 September 2018
Insurance
As consolidation continues, the majority of re/insurance professionals think that M&A will change the reinsurance landscape, according to an online survey carried out by Intelligent Insurer ahead of this renewals season. 10 September 2018
Insurance
John Neal is “as good a bet as any” to take on the “toughest job in insurance” according to market observers speaking in reaction to the revelation just before the Monte Carlo Rendez-Vous that he will take the reins at Lloyd’s. 9 September 2018
Insurance
Given some of the headlines and predictions of big rate hikes in the aftermath of the 2017 cat losses in the US, most buyers will be pleased with what remains a relatively stable environment for rates as they head to Monte Carlo, Mark O’Riordan, group reinsurance director at Ecclesiastical, told Monte Carlo Today. 9 September 2018
Insurance
The recent new wave of consolidation has shown a further trend towards more companies operating so-called hybrid business models, whereby they write both insurance and reinsurance. Such a model can generate useful synergies, but it is also one of many factors driving consolidation, Torsten Jeworrek, member of Munich Re’s Board of Management, told Monte Carlo Today. 9 September 2018
Insurance
Using live data from ship and cargo movements, insurers and reinsurers will be able to price and select the marine risk they want to underwrite more accurately, EY executives told Monte Carlo Today. 9 September 2018
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