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Munich Re: SME market keen to avoid cyber issues
Insurance
Providers of cyber re/insurance must continually adjust to what is an ever-evolving risk and an ever-adapting market, Annamaria Landaverde, senior vice president and cyber practice lead at the reinsurance division of Munich Reinsurance America, told APCIA Today.   22 October 2019
Many more US agencies could benefit from reinsurance: RAA’s Nutter
Insurance
As the reinsurance industry continues to struggle to find sustainable growth, there remain several US government bodies that would benefit from moving risk into the private sector.   22 October 2019
Beazley seeks 10% average rate hikes as reinsurers prop up pricing J-curve
Insurance
Beazley is seeking a 10 percent uplift in pricing across its portfolio as an average and is prepared to walk away from business it deems unsustainable, Mark Vaughan, deputy head of treaty with responsibility for writing the US & International treaty account from London, told APCIA Today.   22 October 2019
Insurance
David Barber, a Lloyd’s underwriter for 30 years specializing in US casualty business, is joining Fortegra Financial Corporation as the Chief Underwriting Officer for specialty lines in London.   22 October 2019
Insurance
Demand for secondary perils forecasts is growing, with a rise in interest from traditional reinsurers in the US and insurance-linked securities (ILS) funds, according to Chris Ewing, head of client management for Aon’s Impact Forecasting division.   22 October 2019
Insurance
Cyber is one of Munich Re’s main strategic growth areas, according to Doris Hopke, member of the board of management at the reinsurer. She said that while the cyber segment part of the firm’s market “is still small” the number of incidents is increasing rapidly, and the financial impact of these incidents is becoming more severe.   22 October 2019
Insurance
Positive premium development is expected on the German market in the year ahead, according to E+S Rückversicherung the Hannover Re subsidiary responsible for the group’s German business.   22 October 2019
Insurance
The reinsurance industry is adapting well to the changing shape of the global economy, said Richard Anson, head of ceded reinsurance at Antares.   22 October 2019
Insurance
VIG Re is benefiting from increased demand from buyers keen to work with a reinsurer that can offer something different and a low cost ratio, Johannes Martin Hartmann told Baden-Baden Today.   22 October 2019
Insurance
The re/insurance industry is too obsessed with embracing change and should remember what made it successful in the first place, according to Johannes Martin Hartmann, chairman of the board of directors at VIG Re.   22 October 2019

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