News
Insurance
Rates in the global reinsurance market are improving—but a true hard market is some way away, according to the latest market sector report by Fitch Ratings. 8 September 2019
Alternative Risk Transfer
As cyber risk has an increasingly pervasive influence on the insurance market, the industry needs to find a better way to cover it. The solution could be finding a way to make it tradeable, Henri Winand, chief executive officer of AkinovA, an independent electronic marketplace for the transfer and trading of insurance, reinsurance and insurance-linked securities (ILS) risks, told Monte Carlo Today. 8 September 2019
Insurance
QBE’s reinsurance business had a “pleasing” first half year, especially with the cat exposure, according to Jonathan Parry, chief underwriting officer of reinsurance at the firm. 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
Global reinsurance can expect to face market “headwinds” in 2020, despite strong capitalisation and rising pricing, ratings agency Moody’s has said. 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
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
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