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Insurance
As Hurricane Irma continues to move through Florida, the Association of Bermuda Insurers and Reinsurers (ABIR) is keen to stress that the impact of the hurricane on the end consumer of insurance must not be forgotten. 12 September 2017
Insurance
Swiss Re sees growing opportunities to collaborate with primary insurers in the development of innovative products, growing its know-how and potentially gaining new business. 12 September 2017
Insurance
A key driver behind re/insurers’ concerns about cyber is the limited resource of expertise in the market, Luke Foord-Kelcey, co-head of Aon Benfield’s global cyber practice, told Monte Carlo Today. 12 September 2017
Insurance
Traditional reinsurers and insurance-linked securities (ILS) funds are likely to benefit from reinsurance demand post-Hurricane Irma, Willis Re executives suggested at the Monte Carlo Rendez-Vous. 12 September 2017
Alternative Risk Transfer
The important role of Bermuda in the aftermath of potentially big losses stemming from hurricanes Harvey and Irma was centre of the debate at the annual Bermuda:Re+ILS Monte Carlo Roundtable. 12 September 2017
Alternative Risk Transfer
Due to financial pressures, countries worldwide are seeking to transfer risks to the private sector, Moses Ojeisekhoba, Swiss Re’s CEO of reinsurance, said at the company’s press conference at the 2017 Rendez-Vous in Monte Carlo. 12 September 2017
Insurance
According to AM Best, the global reinsurance market in 2017 is wrestling with the French saying ‘plus ça change, plus c’est la même chose’—usually translated as ‘the more things change, the more they stay the same’. 12 September 2017
Insurance
Many reinsurers underestimate the obstacles that often still need to be overcome when it comes to turning a positive outlook from a rating agency into an upgrade. But it is still achievable if the rating agency’s methodology and requirements are better understood. 12 September 2017
Insurance
Credit insurance company Euler Hermes has been adjusting its portfolio in recent years. As growth in its traditional core of trade credit insurance has faltered, it has moved into surety products and recently secured approval to insure bonds issued by US states, an important achievement for the company. 12 September 2017
Insurance
The scale and complexity of the flood loss stemming from Hurricane Irma has the potential to be comparable to that from Hurricane Katrina and Superstorm Sandy. 12 September 2017
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