News
Insurance
QBE’s reinsurance business had a “pleasing” first half year, especially with the cat exposure, according to Jonathan Parry, chief underwriting officer of reinsurance at the firm. 8 September 2019
Insurance
After the 2017 and 2018 cat losses, investors are more cautious and seeking better returns. But with new ILS hubs emerging globally, the future of this market looks bright, Craig Smith of Deutsche Bank told Monte Carlo Today. 8 September 2019
Insurance
In the 2019 renewals negotiations so far, reinsurers have seen improvements in rates and prices compared to the previous, heavily loss-affected years. 8 September 2019
Insurance
The challenges of modelling cyber are well known—lack of event data and expansions of coverage among them. CyberCube Analytics and Guy Carpenter have explored the size and shape of cyber catastrophes in a new report: “A US Cyber Insurance Industry Catastrophe Loss Study: 2019 Looking Beyond the Clouds”. 8 September 2019
Insurance
The Deutsche Rück Group is planning a geographical expansion outside its core markets. Achim Bosch, chief underwriting officer at the company, told Monte Carlo Today that in the coming months, the group will enter some new markets outside Europe and take on business from selected North African markets. 8 September 2019
Insurance
Four years since the launch of UnipolRe, the Dublin-based reinsurer backed by Italian insurer UnipolSai Assicurazioni, chief executive Marco Sordoni explains to Monte Carlo Today why the reinsurer is seeking deeper relationships with clients and is investing in its infrastructure. 8 September 2019
Insurance
The global reinsurance market has seen prices rise in places despite a wide range of what S&P Global Ratings called “secular headwinds”. The rating agency also called for reinsurers to copy companies in other sectors in a bid to be relevant and become more innovative. 8 September 2019
Insurance
Broker Marsh and Construction Risk Partners (CRP), a specialty broker dedicated to the US construction industry, have entered an agreement whereby CRP management will buy back the company’s stock from JLT Specialty USA. 6 September 2019
Alternative Risk Transfer
The market for Insurance-Linked Securities (ILS) is resilient in 2019 with continued support for new issuance, despite hurricanes and other events leading to a challenging market. 6 September 2019
Insurance
As Hurricane Dorian continues to threaten the southeast US coast, a credit ratings firm has identified the primary insurers that could be most affected. 6 September 2019
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