News
News
The unholy alliance of reducing primary rates and broadening coverage combined with weaker reinsurance terms is taking its toll on the casualty reinsurance market. 5 November 2015
Insurance
Steve Bowen, director at Impact Forecasting, Aon Benfield’s catastrophe model development team, has said that this April is the costliest for five years in terms of economic and insured losses for natural disasters. 6 May 2016
Insurance
The disruptive impact of insurtech, consolidation and further severe cat losses dominate the worries of our readers as they reflect on 2018—but they also appear resigned to grappling with such difficulties as the market heads into 2019. Those were some of the findings of the Intelligent Insurer year-end online survey. 20 December 2018
Insurance
The Bahrain insurance market grew by 5 percent during 2014, compared with 2013, with gross premiums/contributions registering BD270.76 million (£473.16 million) in 2014, according to the Central Bank of Bahrain (CBB). 11 December 2015
Insurance
The mortgage reinsurance markets have continued to develop and mature to the extent this product now represents a mainstream line of business for the growing number of reinsurers operating in the space, Joe Monaghan, leader of Aon Benfield’s US credit & guaranty, and government practice, told PCI Today. 16 October 2017
Insurance
Despite losses from the recent hurricanes set to exceed $100 billion, AM Best still expects the losses to have only a limited impact on the sector’s capital, making this an earnings event more than a capital event for the overall US property/casualty industry. 16 October 2017
Insurance
Reinsurers and large insurers are at risk of being hit by unexpectedly large losses stemming from a large cyber attack on a par with substantial hurricane losses in the US—because they do not understand their aggregations to this exposure. 16 October 2017
Insurance
While the industry has enough capital to handle the losses from the recent hurricanes, even at the higher end of estimates, it will be the psychology of the market that will determine potential changes in rates, with the fear factor having an important role to play, Brian Schneider, Fitch Ratings’ global head of reinsurance, told PCI Today. 16 October 2017
Insurance
The private health insurance market in China is expected to surge fivefold to Rmb1.1 trillion by 2020 ($167 billion) from Rmb 241 billion in 2015, according to a report by The Boston Consulting Group (BCG) and Munich Re. 24 August 2016
Insurance
Berkshire Hathaway Specialty Insurance (BHSI) has hired three senior executives as it expands into the Canadian marketplace. 29 January 2015
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