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Insurance
The marine, energy and aviation markets have allowed themselves to slip into low single-digit return on equities, and must push back on rates to return to double digits, Adrian Poxon, executive vice president and head of global specialty reinsurance at Sompo International, told Baden-Baden Today. 24 October 2017
Insurance
Rate hardening in the US and the Caribbean due to recent nat cat losses is set to unwind past price reductions in Europe, Jens-Ulrich Peter, Swiss Re head of property underwriting, EMEA, told Baden-Baden Today. 24 October 2017
Alternative Risk Transfer
Recent major loss events—Atlantic hurricanes Harvey, Irma and Maria, along with the Mexican earthquakes—represent the first big test for the alternative capital sector, Mike Van Slooten, head of market analytics at Aon Benfield, told Baden-Baden Today. 24 October 2017
Insurance
The whole P&C value chain is not earning its cost of capital, says Swiss Re CEO Christian Mumenthaler, who explains to Intelligent Insurer how, despite this, Swiss Re is well positioned to navigate the challenging environment. 23 October 2017
Insurance
Pricing in Europe, the Middle East and Africa (EMEA) will be influenced by the heavy losses in the US stemming from hurricanes Harvey, Irma and Maria despite the fact that the capital bases of most large reinsurers are likely to be unaffected and competition in the region remains robust. 23 October 2017
Insurance
Cedants’ needs are unchanged in terms of requiring access to capital and more insightful data, but their expectation as to how this is being delivered is changing, Jonathan Howe, global insurtech leader at PwC, told Baden-Baden Today. 23 October 2017
Insurance
Patria Re expects more reinsurers to shift capacity into a ‘stable’ European market—a strategy the Mexican reinsurer has adopted as it targets the region to balance its own portfolio. 23 October 2017
Insurance
Negotiations at this year’s Baden-Baden reinsurance conference might be much more lively than in previous years as cedants, reinsurers and brokers attempt to make sense of the impact of hurricanes Harvey, Irma and Maria and how they should respond when it comes to rates. 23 October 2017
Insurance
Swiss Re said on Oct. 20 that it estimates combined losses from the hurricanes Harvey, Irma and Maria and the earthquakes in Mexico in the third quarter of 2017 to be approximately $3.6 billion, net of retrocession and before tax. 20 October 2017
Insurance
Specialist Lloyd's insurer Neon has launched an underwriting operation in partnership with Italian marine broker, Cambiaso Risso, who will have a minority shareholding in the joint venture. 20 October 2017
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