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Insurance
The continued soft market with clients seeking further rates cuts is the biggest challenge and concern of attendees at the reinsurance conference in Baden-Baden this year—with many also baffled and worried by the changes cedants are implementing in their reinsurance programmes. 25 October 2016
Insurance
UnipolRe, the reinsurer formed in Dublin in 2015 by Italian insurer UnipolSai Assicurazioni, the insurance arm of the Italian Unipol Group, is benefiting from the unique positioning and approach of its parent company, Simon Wigzell, underwriting manager at Unipol Re, told Baden-Baden Today. 25 October 2016
Insurance
AM Best is about to change its methodology, yet most brokers and reinsurers seem to be ignoring what is either a potential opportunity or an impending crisis, as Peter Hughes, founding director at Litmus Analysis, explains. 25 October 2016
Insurance
Commercial lines insurers must embrace the same levels of automation prevalent in personal lines, particularly within the London Market if it is to compete with other platforms globally, Patrick Molineux, general manager of insurance at CSC, told Baden-Baden Today. 25 October 2016
Insurance
In association with Swiss Re, Baden-Baden Today conducted a survey of senior industry executives ahead of and during the conference. Here are some responses to various key questions. 25 October 2016
Insurance
Despite acknowledging that pricing in parts of the reinsurance market is now unsustainable, buyers too are at the mercy of wider market dynamics and must seek rate decreases in line with market trends if they are available, or risk losing a competitive advantage, Amer Ahmed, chief executive of Allianz Re, told Baden-Baden Today. 25 October 2016
Insurance
Slovenia-based Sava Re will seek to acquire primary insurers in the region around its home market as a means of diversifying, as conditions in the reinsurance business remain challenging. 25 October 2016
Insurance
Alternative capital grew again last year but at a slower pace. Paul Schultz, chief executive of Aon Securities, suggests to PCI Today this growth will continue but innovation will also be needed in the long term. 25 October 2016
Insurance
Redomiciling to Bermuda as a Class 4 licensed reinsurer was an important step for Qatar Re. Four years into its global expansion plans, the company is now an established player, says Luke Roden, head of ceded re & global head of catastrophe. 25 October 2016
Insurance
The current soft market will only be ended by a culmination of factors which could potentially manifest as up to three major market changing events, Paul McKeon, TransRe’s North American chief underwriting officer, told PCI Today. 25 October 2016
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