News
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
Insurance
The Deutsche Rück Group is planning a geographical expansion outside its core markets. Achim Bosch, chief underwriting officer at the company, told Monte Carlo Today that in the coming months, the group will enter some new markets outside Europe and take on business from selected North African markets. 8 September 2019
Insurance
The Mexican insurance market has enormous potential, although according to Manuel Escobedo, president of the Mexican Association of Insurance Institutions (AMIS), that potential could be less than has generally been portrayed. 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
Insurance
Despite operating in a turbulent market buffeted by numerous micro and macroeconomic factors, reinsurers continue to grow and perform well and are increasingly helping emerging markets better manage risk. 8 September 2019
Insurance
Four years since the launch of UnipolRe, the Dublin-based reinsurer backed by Italian insurer UnipolSai Assicurazioni, chief executive Marco Sordoni explains to Monte Carlo Today why the reinsurer is seeking deeper relationships with clients and is investing in its infrastructure. 8 September 2019
Insurance
The global reinsurance market has seen prices rise in places despite a wide range of what S&P Global Ratings called “secular headwinds”. The rating agency also called for reinsurers to copy companies in other sectors in a bid to be relevant and become more innovative. 8 September 2019
Insurance
The Indian market remains the core of GIC Re’s business and it is growing fast, but the reinsurer is increasingly capitalising on opportunities overseas as well, as Alice Vaidyan of GIC Re told Monte Carlo Today. 8 September 2019
Insurance
Brexit could yet cause insurers and reinsurers in the UK and the EU a number of problems including a drain of talent and intellectual property from London, and firms ending up in limbo, in the increasingly likely case of the UK’s leaving the EU without a deal. 8 September 2019
Alternative Risk Transfer
Specialist Lloyd’s re/insurer Beazley’s innovative Smart Tracker facility, which it launched in 2018, is targeted to write $1 billion of business within five years, Patrick Hartigan, head of reinsurance at Beazley, told Monte Carlo Today. 8 September 2019
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