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Insurance
Martin Sullivan, the former chief executive of AIG and now a partner in Lightyear Capital, has denied rumours that the private equity firm is looking to sell its stake in broker Ed—of which he is also non-executive chairman. 13 September 2017
Insurance
Despite the fact that scenarios similar to hurricanes Irma and Harvey had been included in underlying models, prices have not reflected the risk—and this must now change, Umberto Gavazzi, SCOR’s chief underwriting officer, treaty P&C, told Monte Carlo Today. 13 September 2017
Insurance
Over the next 12 months, regulators will be seeking more transparency on how brokers are remunerated amid concerns around the practice of “double-dipping” on commission, Mike Papworth, head of Asia and head of property/casualty at Miller Insurance Services, told Monte Carlo Today. 13 September 2017
Insurance
Some insurers are looking to strengthen their reinsurance programmes in the aftermath of hurricanes Irma and Harvey as they fear being underexposed with so much of the hurricane season still to run. 13 September 2017
Insurance
Argo Group is continuing to build on its success as it maintains a focus on sustainable profits, according to Mark E. Watson III, CEO Argo Group. 13 September 2017
Insurance
As insurance-linked securities (ILS) become increasingly attractive to investors, there is an opportunity to support both emerging and existing lines of business if the right product is in place, Michael Krefta, CEO of Hiscox Re & ILS, told Monte Carlo Today. 13 September 2017
Insurance
Large losses such as those from hurricanes Harvey and Irma are unlikely to have an impact on the dynamic or structure of the reinsurance market, Andrew Newman, president and global head of casualty at Willis Re, told Monte Carlo Today. 13 September 2017
Insurance
No timeline has been set for a potential initial public offering (IPO) of Peak Re, but the company is structured so that a listing could occur eventually, Chris Kershaw, managing director of global markets at Peak Re, told Monte Carlo Today. 13 September 2017
Insurance
The current hurricane activity, which may continue during the rest of the year, could prove to be an acid test of reinsurers’ enterprise risk management (ERM) strategies, Stuart Shipperlee, partner at Litmus Analysis, told Monte Carlo Today. 13 September 2017
Insurance
Losses from hurricanes Harvey and Irma could take a long time to be resolved and could hit lines of business the industry may not have considered, according to John Warwick, managing director and partner, ILS Capital Management. 13 September 2017
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