News
Alternative Risk Transfer
Cyber is developing steadily: the ILS market has the potential to solve many of its challenges and Bermuda could sit at the heart of that solution. Tom Johansmeyer of PCS, Verisk Insurance Solutions, takes a look at a neglected period of time for the market. 30 August 2018
Insurance
Despite a plethora of challenges including low oil prices, cost control pressures, workforce layoffs, onerous legislation/regulation and the escalating risk of cyber-attacks, margins for energy insurers remain wafer thin, a situation that could become the ‘new normal’ for the market. 12 April 2017
Insurance
UK comprehensive car insurance prices rose 18 percent on an annualized basis to £847 in the second quarter, the biggest quarterly rise in seven years, pushing the cost of UK car insurance close to an all-time high. 10 July 2017
Insurance
American International Group is to sell its interest in Ascot Underwriting Holdings and related syndicate-funding subsidiary Ascot Corporate Name to the Canada Pension Plan Investment Board (CPPIB), which invests the assets of the Canada Pension Plan. 19 September 2016
Insurance
Delta Insurance Singapore, which describes itself as the first cyber, technology and financial lines Lloyd’s Coverholder in Singapore, has opened for business. 4 July 2017
Insurance
AM Best believes the Saudi insurance market has turned the corner following a period of underwriting volatility. 16 February 2017
Insurance
The changing needs and demands of reinsurance buyers and how they fit with the direction of innovation in the industry was discussed by six senior executives at Intelligent Insurer’s annual roundtable in Baden-Baden, organised in association with S&P Global Ratings. 15 November 2016
Insurance
Reinsurers that attempt to increase rates on programmes in Asia on the back of the recent catastrophe losses in North America risk losing market share to new or emerging reinsurance capital that has so far struggled to gain market share in the region, Stuart Beatty, chief executive, Asia-Pacific, JLT Re, told SIRC Today. 31 October 2017
Insurance
Hurricanes Harvey, Irma and Maria (HIM) serve as another reminder that the re/insurance industry must maintain underwriting discipline, even in the face of such a competitive global market, Kent Chaplin, CEO of Lloyd’s Asia-Pacific, told SIRC Today. 31 October 2017
Insurance
Markel wants to develop deeper partnerships with local cedants across a number of Asian jurisdictions as it looks to grow its bottom line profitably, Matt Cannock, principal officer and managing director of Markel Asia-Pacific, told SIRC Today. 31 October 2017
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