News
Insurance
David Flandro, the well-known broker who has previously headed analytics teams at JLT Re and Guy Carpenter, told Monte Carlo Today that his new role with Hyperion X, the data and technology arm of Hyperion Insurance Group, represents his most exciting challenge yet and an opportunity to take the use of data in the insurance and reinsurance industry to another level. 8 September 2019
Insurance
Geospatial Insight has launched PropertyView, which combines artificial intelligence (AI) and scalable cloud computing to extract building information from satellite imagery 8 September 2019
Alternative Risk Transfer
The current stage of the market cycle is different from what the market might have expected, Mike Krefta, chief executive officer of Hiscox Re & ILS, told Monte Carlo Today. 8 September 2019
Insurance
Global insurance legacy specialist DARAG has seen a “flurry of activity” in the last 18 months with a number of acquisitions and funding, “and more announcements to come”, the company’s group chief executive officer Tom Booth told Monte Carlo Today. 8 September 2019
Insurance
Re/insurers are facing the combined challenges of a competitive pricing environment in their insurance business and low yields on their investments. But insurers are increasingly focused on responsible investing and pension transfers, Christopher Price, head of insurance solutions, AXA Investment Managers, told Monte Carlo Today. 8 September 2019
Insurance
The influx of alternative capital into the reinsurance industry has slowed recently, but is likely to pick up again, according to S&P Global Ratings. 8 September 2019
Insurance
Innovations in technology have the potential to make a big difference to re/insurers in a number of ways but Third Point Reinsurance is most interested in developments that can help it underwrite business more efficiently and with greater accuracy. 8 September 2019
Insurance
In the 2019 renewals negotiations so far, reinsurers have seen improvements in rates and prices compared to the previous, heavily loss-affected years. 8 September 2019
Alternative Risk Transfer
The 2017/18 losses and subsequent loss creep in the US has prompted insurance-linked securities (ILS) investors to take a fresh look at the space. Although far from abandoning the sector, they are becoming more discerning, Bill Dubinsky, managing director and head of ILS, Willis Re Securities, told Monte Carlo Today. 8 September 2019
Insurance
Although some rate corrections are taking place in the market, they are inconsistent and inadequate given how many years of softening the market has endured. 8 September 2019
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