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The increased regulatory burden that has been imposed on insurers in recent years, exacerbated by Solvency II, has continued to prompt many smaller players to convert from being fully fledged insurers to become managing general agents (MGAs). 10 September 2017
News
The Board of Directors of PartnerRe has announced that John Elkann, chairman and chief executive (CEO) of EXOR, has been appointed chairman of PartnerRe’s Board of Directors and that Emmanuel Clarke, president of PartnerRe, has been named president and CEO of PartnerRe. 24 March 2016
Reinsurance
Latin American economies have performed well in recent years and the region is a developing market with similar challenges to those in other emerging markets with healthy growth, says Peter Emblin, managing director, Latin America, Middle East & Africa and head of casualty & specialty property treaty of Aspen Re. 20 November 2013
Insurance
Lancashire Holdings has announced that it made a net operating profit of $30.9 million over the second quarter of 2017, an improvement over the $25.6 million it made in the same period of 2016. 27 July 2017
Insurance
The Lloyd’s market has received approximately £3 billion of additional capital to restore capital resources to the level prior to the third quarter of 2017 loss events and to cover changes in capital requirements for 2018 underwriting. 19 December 2017
Insurance
The insurtech revolution will have a massive impact on the primary insurance market and has the potential to shrink the business available to reinsurers, Christian Mumenthaler, the chief executive of Swiss Re, told Monte Carlo Today. 10 September 2017
Insurance
Reinsurers forced to increase their reserves in the wake of recent changes to the Ogden formula in the UK—the discount rate used for personal injury claims in the UK—could look to pass these costs on to their cedants by increasing rates on some lines of business, Mark O’Riordan, group reinsurance director at Ecclesiastical, told Monte Carlo Today. 10 September 2017
Insurance
In association with Swiss Re, Monte Carlo Today conducted surveys of senior industry executives ahead of and during the conference. Their responses to various questions will be published in the daily newsletters. 10 September 2017
Insurance
Insurance carriers globally could seize $375 billion in new revenue in the next five years by transforming and revitalizing their businesses, according to a new report from consultancy firm Accenture. 13 February 2018
Insurance
London market insurers performed well in the first half of 2016 and entered the second half of the year with strong balance sheets. But recent good performance conceals fundamental challenges to the market’s competitive position and prospective profitability, AM Best has said in a report. 6 September 2016
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