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Insurance
Specialist insurer Markel International has appointed Andy Ang as chief representative of Markel International in Malaysia. 27 October 2014
Insurance
The International Association of Insurance Supervisors (IAIS) has concluded development of the first-ever global insurance capital standard for global systemically important insurers (G-SIIs). 24 October 2014
Insurance
The profits of Swiss-based re/insurer Allied World nosedived in profits for the third quarter of 2014 as the company also revealed a repositioning its primary operations including some management changes. 23 October 2014
Insurance
Too much of the dialogue around market conditions disproportionally emphasises the challenges facing global and US property-catastrophe business, and ignores the very different dynamics in other market and product lines, Michael Pickel, member of the executive board of E+S Rück, the German-focused subsidiary of Hannover Re, told Baden-Baden Today. 22 October 2014
Insurance
Reinsurers should not underestimate the rapidly increasing sophistication of cedants in today’s market and the increasingly complex risk transfer and capital management solutions they are willing to explore, Denis Kessler, the chairman & chief executive officer of SCOR, told Baden-Baden Today. 22 October 2014
Insurance
The current soft market creates a window of opportunity for underwriters keen to take control of their own destiny by setting up a managing general agent (MGA). That is the view of John Holm, executive director, MGA Investments for international business process outsourcing and professional services company Capita. 22 October 2014
Insurance
The soft market will continue into 2015 unless a big catastrophe loss occurs in the final quarter of 2014, David Flandro, global head of strategic advisory at JLT Re, told Baden-Baden Today. But more interesting questions exist—not around pricing but potential structural changes in the sector, he said. 21 October 2014
Insurance
Ill-disciplined underwriting in the soft market is building up a store of problems and potential legal disputes, which will only manifest when market conditions eventually improve and reinsurers feel they again have the leverage to dispute questionable claims. 21 October 2014
Insurance
Insurers should re-examine the suitability of their reinsurance programmes in light of evidence that weather risks are changing and causing more frequent small- to medium-sized losses in many markets, executives from Munich Re said in Baden-Baden yesterday. 21 October 2014
News
The London company market displayed strong interest in the International Underwriting Associations’ (IUA) new cyber risk group, which saw more than 40 people participate. 21 October 2014
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