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Insurance
Although Munich Re issued a profit warning in September as a result of the Fall nat cat events in Mexico and the US, it is still not ready to release figures for the losses. Hermann Pohlchristoph, a member of Munich Re’s Board of Management, said in a press briefing at Baden-Baden that the company was reluctant to be the first to release such figures. 24 October 2017
Insurance
Despite the many investments being made in innovation by re/insurers, few are focusing on the one thing that could gain them new business: a more sophisticated sales process, argues John Holm at Lloyd’s managing general agent Asta. 24 October 2017
Insurance
Risk modelling and data analytics firm RMS has appointed former Munich Re executive Ludger Arnoldussen to strengthen its position in the European market, Germany in particular. 23 October 2017
Insurance
Overall premium income for the London company market in 2016 was £22.7 billion, a 2.9 percent increase on restated figures for 2015, a new report by the International Underwriting Association has revealed. 23 October 2017
Insurance
The Hartford, a US-based property/casualty insurer, has elected Greig Woodring and Steve McGill to its board of directors. 23 October 2017
Insurance
Property/casualty insurer Chubb has made several new leadership appointments in its Global Government and Industry Affairs group. 23 October 2017
Insurance
CCR Re, the French government backed reinsurer, has announced the appointment of Andreas Ofner as vice president of treaties for Germany, Austria and Switzerland. 23 October 2017
Insurance
Insurers face rate increases particularly in regions affected by nat cat events in the third quarter, but pressure is also rising in other regions, Tim Paske, managing director at re/insurance broker BMS, told Baden-Baden Today. 23 October 2017
Insurance
Mike Van Slooten, head of market analysis–international at Aon Benfield, discusses key industry trends in the wake of recent major catastrophe losses with Baden-Baden Today. 23 October 2017
Insurance
The risk of physical damage arising from a cyber attack is a growing area of concern, driven by recent incidents and the potential scale of future events, according to Tom Harvey, product manager of RMS Cyber Solutions. 23 October 2017
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