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Insurance
As reinsurers claim they cannot afford further price cuts in the year-end renewal, the boss of Allianz Re, which handles the reinsurance strategy of the Allianz Group, has stated he will not seek further rate reductions and is interested only in stable, sustainable pricing. 14 September 2016
Insurance
Possibly the biggest single talking point of Monte Carlo 2016 has been the surprise and somewhat bizarre rebranding of broker Cooper Gay as Ed. 14 September 2016
Insurance
The question of whether the growing diversity of capital entering the risk transfer industry will ultimately end its traditionally cyclical nature was debated by senior industry executives at the annual Intelligent Insurer roundtable in Monte Carlo. 14 September 2016
Insurance
Susan Lane, co-CEO of Tokio Solution Management, says she sees big opportunities for innovation and growth in the work it is doing working closely with third party capital markets. 14 September 2016
Insurance
In the wake of recent terror-related attacks, the insurance industry must expand its role of supporting the financial resilience of economies. This includes further clarifying the industry’s position alongside government-sponsored terrorism pools, according to Emma Karhan, managing director, Guy Carpenter. 14 September 2016
Insurance
Industry veteran Dirk Lohmann, the CEO and one of the founders of Secquaero, the fund manager now 50.1 percent-owned by asset manager Schroders, plans to form a fund dedicated to life insurance-linked securities (ILS) in 2017. 14 September 2016
Insurance
More mergers and acquisitions (M&A) are likely in the industry with deals going to emerge in the last quarter of 2016 and the first quarter of 2017, Arthur Wightman, PwC Bermuda leader and insurance leader for Bermuda & the Caribbean, told Monte Carlo Today. 14 September 2016
Insurance
Bermuda’s strengths as a globally respected place to do business have been highlighted by the ongoing uncertainty over the Brexit vote, according to Greg Wojciechowski, president and chief executive officer of the Bermuda Stock Exchange (BSX). 14 September 2016
Insurance
Bermuda’s strengths as a globally respected place to do business have been highlighted by the ongoing uncertainty over the Brexit vote, according to Greg Wojciechowski, president and chief executive officer of the Bermuda Stock Exchange (BSX). 14 September 2016
Insurance
Euler Hermes Reinsurance has de-risked its portfolio in the last 24 months in a bid to enhance its profitability. It has reduced its total exposure by around 4 percent as a result, to €860 billion ($966 billion) from €890 billion ($1,000 billion) previously, Benoît des Cressonnières, chief executive officer of Euler Hermes, told Monte Carlo Today. 14 September 2016
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