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Insurance
Reinsurers and large insurers are at risk of being hit by unexpectedly large losses stemming from a large cyber attack on a par with substantial hurricane losses in the US—because they do not understand their aggregations to this exposure. 16 October 2017
Insurance
While the industry has enough capital to handle the losses from the recent hurricanes, even at the higher end of estimates, it will be the psychology of the market that will determine potential changes in rates, with the fear factor having an important role to play, Brian Schneider, Fitch Ratings’ global head of reinsurance, told PCI Today. 16 October 2017
Insurance
A planned revision of the Ogden discount rate from 2.5 percent to negative 0.5 percent would particularly affect UK motor reinsurers as they would likely experience a material one-off reserve charge of approximately £4.9 billion, according to analysis by Willis Towers Watson. 20 February 2017
Insurance
Hurricane Matthew will represent a real test of reinsurers’ exposures and resilience as it has the potential to erode some of the global reinsurance sector's excess capital, according to a report by S&P Global Market Intelligence. 7 October 2016
Insurance
Re/insurance broker Aon has appointed John Cullen, currently chief financial officer of its global risk solutions segment, as chief executive of Aon Risk Solutions (ARS) EMEA. He will replace Rob Brown. 5 October 2015
Insurance
As the re/insurance sector faces another year of soft pricing environment in 2017, market participants fear that large losses could significantly hit profits, which have been protected by the benign cat environment in recent years. 27 December 2016
Insurance
The Hartford has entered into a definitive agreement to sell its run-off life and annuity businesses Talcott Resolution to a group of investors for a total value of around $3 billion. 4 December 2017
Insurance
Terrorist groups such as Islamic State have shed light on gaps in the offering of terrorism insurance which offers an opportunity to grow for some carriers. 26 December 2016
Insurance
Broker Willis has appointed Nick Dussuyer as global head of Willis’s natural resources industry. 3 August 2015
Insurance
Texas-based Insurors Indemnity Companies, which specialises in surety and commercial property/casualty insurance for midsize and smaller businesses, has appointed a new chief executive. 4 March 2015
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