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Insurance
Risk transfer could boost economic success if risks are identified and measured appropriately. 26 June 2014
Insurance
The increase in public/private partnerships and the convergence of the financial and insurance markets will play a large part in the United Nation’s (UN) disaster resilience planning in the coming months. 26 June 2014
Insurance
Gulf Cooperation Council (GCC) insurers continue to face substantial investment risks due to the dominance of high-risk assets in their investment mix, according to Moody's. 26 June 2014
Insurance
Greater concerns of counterparty credit risk driven by rating agencies and regulators will benefit mid-tier reinsurers as cedants rationalise their buying panels, according to Albert Benchimol, chief executive of AXIS Capital. 25 June 2014
News
Rating agency Moody’s has lowered its outlook on the global reinsurance sector to negative, citing an oversupply of capacity, new entrants in the form of non-traditional capital, more substitute products, low interest rates, and greater bargaining power of buyers. 19 June 2014
Insurance
A major message of this year’s Airmic conference has been the need for innovation within the insurance industry. However, the view of John Durkin, AJG’s chair of UK retail, is that there is currently innovation within the industry as insurers strive to meet clients’ needs. 18 June 2014
News
GeoVera Reinsurance, part of catastrophe specialist the GeoVera Insurance Group, has secured a financial strength rating (FSR) of A from AM Best. The outlook on the rating is stable. 13 June 2014
News
AM Best has revised the outlook of African Reinsurance Corporation’s financial strength rating to positive from stable, based on an improvement in underwriting results. 13 June 2014
Insurance
The expected renewal of the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) is likely to lead to the imposition of higher deductibles and risk retentions on US P&C insurers, according to Moody’s. 12 June 2014
Insurance
The market is nearing the bottom of a very aggressive pricing cycle, according to John Charman, chief executive of Endurance Specialty, who added that competition in the market is healthy. 12 June 2014
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