News
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
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
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
Insurance
Genworth Financial, the US financial services company with substantial insurance operations, has become the latest insurer to be acquired by investors from Asia. It has been acquired by China Oceanwide for approximately $2.7 billion. 25 October 2016
article
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
Aon Risk Solutions, the global risk management business of Aon , has appointed James Trainor as senior vice president of its cyber solutions group. 25 October 2016
Insurance
Lloyd’s insurer ArgoGlobal has appointed Zahida Rasool as specialty wordings manager. 25 October 2016
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