News
Insurance
Insurers increasingly want their reinsurance to potentially give them a competitive advantage—and they expect their reinsurance brokers to innovate to achieve this, Mike Schnur, partner, TigerRisk Partners, told PCI Today. 29 October 2018
Insurance
The US re/insurance industry must learn the lessons from when the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) was renewed in 2015 as it mulls the act’s expiration and possible renewal in 2020, Emil Metropoulos, senior vice president and workers’ compensation and terrorism practice leader at Guy Carpenter, told PCI Today. 29 October 2018
Insurance
Insurers and reinsurers must find a way to plug the protection gap in the US, revealed so starkly in the aftermath of recent hurricanes and especially relating to flood risk, David Sampson, chief executive of the Property Casualty Insurers Association of America (PCI), told PCI Today. 28 October 2018
Alternative Risk Transfer
There will not be a significant movement in rates for the reinsurance industry at the end of year renewals, Ed Hochberg, chief executive officer of JLT Re in North America, told PCI Today. 28 October 2018
Insurance
Aon is confident about its organic growth potential as its competitor Marsh & McLennan Companies (MMC) acquires specialty re/insurance broker Lloyd Thompson Group (JLT), Gregory Case, Aon CEO suggested during the broker’s third quarter 2018 results conference call. 27 October 2018
Insurance
Marsh & McLennan’s (MMC’s) reinsurance unit Guy Carpenter has seen its revenues fall by 20 percent year on year in the third quarter of 2018 to $215 million. 25 October 2018
Insurance
Suppliers are at risk of having insufficient trade credit insurance as some British firms, such as retailers and manufacturers, stockpile goods amid mounting concerns of a no-deal Brexit, according to Marsh, an insurance broking and risk management solutions provider. 25 October 2018
Insurance
Property/casualty insurer Chubb has named Keith Higdon as president of ESIS, the company's risk management solutions division, and Joe Vasquez as new head of global accident and health insurance business. 25 October 2018
Insurance
Hong Kong-based blockchain company Galileo Platforms has secured $2 million Series A funding from specialist property/casualty reinsurer Greenlight Capital Re to accelerate its growth. 24 October 2018
Insurance
Macro sector trends such as rising yields and claims inflation will form the background for the next phase the re/insurance markets will enter, David Flandro, global head of analytics at JLT Re, told Baden-Baden Today. 24 October 2018
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