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Re/insurers face a race against time to assess their potential exposures to the so-called Panama Papers, the high profile data breach at Panama law firm Mossack Fonseca, which has resulted in numerous high profile individuals being accused of tax avoidance, a legal adviser to the industry has warned. 14 April 2016
Insurance
The ‘counterfactual analysis of historical events’—scenarios that could have happened but have not—is an important tool not only for the assessment of uncertainty and disaster preparedness, but also for catastrophe insurance risk management, such as the estimation of the probable maximum loss. 10 September 2017
News
Some reinsurers are offering an increasingly varied array of innovative products and structures to cedants as they attempt to differentiate themselves in a crowded and competitive marketplace. 15 September 2014
Insurance
Chubb’s net income for the second quarter of 2017 came to $1.3 billion, a 79.6 percent increase on the $726 million it made in the same period of 2016. 26 July 2017
Insurance
While the results as reported by reinsurers show a declining trend, the underlying results, taking into account average cat losses, show how tight profitability in the sector really is, according to the most recent Reinsurance Market Report by Willis Re. 21 April 2017
Insurance
Travelers has revealed that its net income for the second quarter of 2017 came to $595 million, a ten percent fall from the $664 million it made over same period of 2016. As a result the company reported that net income for the first half of 2017 came to $1.21 billion, an 11 percent fall on the $1.35 billion it made over the same period of 2016. 24 July 2017
Insurance
2016 has again been a benign year in terms of large catastrophe losses, but geopolitical developments have added new challenges to the sector. Intelligent Insurer asked executives from re/insurance firms including Swiss Re, Argo, AM Best and Willis Re for their opinions on the most important developments in the re/insurance industry in 2016. 21 December 2016
article
Tom Bolt, director of performance management at Lloyd’s, has called for insurers operating in the market to invest in considering how to cover some of the world’s emerging and more difficult risks. 22 October 2013
Insurance
Barbican Insurance, which operates mainly through its Lloyd’s Syndicates, has appointed Tim Mackenzie, formerly of Faraday Re, as an underwriter in the firm’s international casualty reinsurance division. 8 April 2014
Insurance
Managing agent Asta has finalised a transaction to finance the development of UK-focusing managing general agent (MGA) OverArk. 12 September 2016
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