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Sponsoring transparent and understandable cat bonds—including bonds that use parametric triggers—could become one of the most effective risk transfer instruments for emerging economies to resolve the developing issue of the protection gap at the macro level, Kirill Savrassov, CEO of Phoenix CRetro, a niche Bermudian ILS specialist, told Baden-Baden Today. 25 October 2017
Insurance
An increasingly marked separation is emerging between the way insurers are buying reinsurance to support specific lines of business and manage their P&L, and the reinsurance they are purchasing for capital management reasons, Eric Paire, head of Global Partners & Strategic Advisory EMEA, Guy Carpenter, told Monte Carlo Today. 11 September 2016
Insurance
Mike Morrissey, chief executive officer of the International Insurance Society (IIS), conveyed the insurance industry’s commitment to a framework designed to create a more sustainable society, which had been unveiled on the opening day of the Paris COP21 conference on climate change. 7 December 2015
Insurance
Sompo Japan Nipponkoa Insurance looks set to buy a substantial stake in French reinsurer SCOR in a deal worth more than $900 million. 6 March 2015
Insurance
The Association of British Insurers (ABI) has reported further progress with the clean-up in the wake of winter storms, with 90 percent of the 15,000 property claims received after Storms Desmond, Eva and Frank now either fully or partly settled. 16 June 2016
Insurance
Chubb has launched a new range of marine insurance products in China. 5 September 2016
Insurance
Property and casualty insurer Chubb has promoted Steve Parry to the role of director of claims for Europe and Eurasia and Africa, succeeding Peter Murray, who is retiring this year. 2 February 2017
Insurance
The French Federation of Insurance (FFA) has been established following the merging of the French Federation of Insurance Companies (FFSA) and the Association of Mutual Insurance Companies (GEMA). 12 July 2016
Insurance
While the frequency of workers’ compensation claims in the US is expected to decrease further in 2013, in line with current trends, their severity and overall cost to insurers will rise, according to a report by Aon Risk Solutions. 19 December 2012
Insurance
Against a backdrop of low growth and lower interest rates in the US and European economies, insurers are looking overseas to Asia and in particular Hong Kong at M&A strategies to grow revenues and tap new technologies. 28 November 2017
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