News
Insurance
Startups driven by technology are set to revolutionise insurance, and in cyber the change is needed sooner rather than later, Oliver Brew of CyberCube told Monte Carlo Today. 10 September 2019
Insurance
It is time for reinsurers to get more adventurous with their investment portfolios, according to Dan Malloy, chief executive of Third Point Re. 10 September 2019
Insurance
As SCOR chair and chief executive Denis Kessler detailed the reinsurer’s new ‘Quantum Leap’ strategy for 2019/21, launched last week, he said the company is facing “more challenges in the next two-and-a-half years than in the past three”. 10 September 2019
Insurance
Gossmann & Cie, the company formed by former DARAG chief Arndt Gossmann to develop a new capital management tool for insurers, will form a carrier on Malta by the end of the year, which will utilise the domicile’s protected cell company (PCC) regime to assume liabilities for its first clients. 10 September 2019
Insurance
Nat cat is a big topic for the industry, Hannover Re chief executive officer Jean Jacques Henchoz said at a press conference in Monte Carlo, highlighting how struck he was by the strength of Hurricane Dorian. 10 September 2019
Alternative Risk Transfer
Pool Re, the UK’s state-backed terrorism reinsurer, wants to increase the number of reinsurers willing to participate on its retrocessional placements and the number of investors willing to support its ILS programme as it cannot buy as much capacity as it would like. 10 September 2019
Alternative Risk Transfer
Industry veteran Dirk Lohmann, who now heads the insurance-linked securities (ILS) business of global asset management group Schroders, is exploring the possibility of launching a new reinsurer on Bermuda with a minimum of $500 million in capital. 10 September 2019
Alternative Risk Transfer
As the ILS sector continues to evolve and develop, its next big breakthrough could be driven by technology and the potential transparency and liquidity this could deliver, Amneris Koutsavgousti of Deutsche Bank told Monte Carlo Today. 10 September 2019
Insurance
Re/insurer AXA XL is simplifying its reinsurance organisational structure, aligned around its key markets and intended to enhance the focus on its 'payer to partner' strategy. The changes, effective January 2, 2020, will include combining its Bermuda and London platforms, and centralising its claims and operational functions into one global unit. 9 September 2019
Insurance
Integro Insurance Brokers (trading as Tysers) has signed a definitive agreement to acquire Risk Transfer Group (RTG), the parent company of Lloyd's re/insurance broker RFIB Group. 9 September 2019
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