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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
The mortgage reinsurance markets have continued to develop and mature to the extent this product now represents a mainstream line of business for the growing number of reinsurers operating in the space, Joe Monaghan, leader of Aon Benfield’s US credit & guaranty, and government practice, told PCI Today. 16 October 2017
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
Law firm Drinker Biddle & Reath has added two US lawyers to its London Office. 9 March 2015
Insurance
Samson Rathaur, the recently appointed senior marine risk consultant at Allianz Global Corporate & Specialty (AGCS) talks to Intelligent Insurer about his love of the sea, getting a better family balance and enjoying a good cook-off. 18 November 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
News
Greenlight Re has always done things a little differently. Simon Burton, its chief executive, explains to Intelligent Insurer why he hopes its approach to insurtech, Solvency II and the mix of its portfolio will continue to set it apart. 4 April 2019
Insurance
Law firm Clyde & Co has hired Andrew Gray as a partner in its global marine team in its Singapore office. He will join in early 2016.
He joins Clyde & Co from Hill Dickinson where he was a partner in the Marine, Trade and Energy team. 11 November 2015
Insurance
Arthur J Gallagher (AJG) has appointed Grahame Chilton as chief executive officer (CEO) of the company’s UK-based international brokerage division. 20 February 2015
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