News
Insurance
Bermuda-based Fidelis Insurance is replacing its chief underwriting officer and Bermuda CEO Ben Savill who will “leave to pursue other opportunities”. 14 September 2018
Alternative Risk Transfer
The re/insurance industry should brace itself for losses of between $15 billion and $20 billion, according to the guidance of risk modelling agencies and analysts. 13 September 2018
Alternative Risk Transfer
Hurricane Florence could trigger the risk transfer mechanisms put in place by the National Flood Insurance Program (NFIP) – for the second year in a row. 13 September 2018
News
Swiss Re expects stable prices for the upcoming January renewals in the absence of any significant events, Moses Ojeisekhoba, head of reinsurance, told Monte Carlo Today. 12 September 2018
Insurance
Getting the capital markets involved in the coverage of cyber risk would be helpful to cover this peril, Hannover Re CEO Ulrich Wallin said during a press conference during the Monte Carlo Rendez-Vous. 12 September 2018
Alternative Risk Transfer
Hannover Re expects the recent uptick in M&A activity to be followed by further deals, but also to result in higher reinsurance demand, Michael Pickel, Hannover Re executive board member, told Monte Carlo Today. 12 September 2018
Alternative Risk Transfer
Some insurance-linked securities (ILS) funds could find themselves in hot water because of how badly they miscalculated their losses in the aftermath of the 2017 catastrophes, John Warwick, managing director and partner, ILS Capital, told Monte Carlo Today. 12 September 2018
Insurance
The Bermuda Stock Exchange (BSX) continues to develop its core mission, which is to create and maintain a capital markets stock exchange platform for the benefit of Bermuda, according to Greg Wojciechowski, chief executive of the BSX. 12 September 2018
Insurance
Artex Risk Solutions has formed a protected cell company on Malta specifically for brokers to use in the event of a no-deal Brexit, as Steve Quinn and Paul Eaton from Artex Risk Solutions explain to Monte Carlo Today. 12 September 2018
Alternative Risk Transfer
Insurance-linked securities (ILS) capabilities are increasingly becoming a coveted asset as re/insurers aim to be able to access different forms of capital, Stephan Ruoff, CEO of Tokio Millennium Re (TMR), told Monte Carlo Today. 12 September 2018
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