News
Alternative Risk Transfer
Tom Johansmeyer of PCS, Verisk Insurance Solutions, reviews 2017’s cyber losses and assesses where the momentum is—and examines why the ILS market should be taking note. 28 September 2018
Insurance
The procedure and the methods used by Covéa CEO Thierry Derez and Covéa to take over SCOR as well as their renewed expressions of interest after the bid has been rejected, “can only be considered as hostile and unfriendly, and are significantly disrupting the functioning of the company,” SCOR said in a corporate statement while insisting that Derez should resign from SCOR’s board. 28 September 2018
Insurance
RSA’s UK and London market business made an underwriting loss of around £70 million with a combined ratio of around 110 percent in the third quarter of 2018. 28 September 2018
Insurance
A trend to a gradual rise in global interest rates which may be starting to take hold is credit positive for the profitability of insurers, Moody’s said in a research note. 27 September 2018
News
Munich Reinsurance America (Munich Re) has developed a new cyber reinsurance solution for regional property/casualty insurance carriers seeking to provide cyber coverage to their small and medium-size enterprise (SME) clients. 27 September 2018
Insurance
Car insurance premium cuts are speeding up and have dropped 9.1 percent year on year to an average £766 in the UK with black box technology – so-called telematics – helping to drive the fall in prices, analysis from Consumer Intelligence shows. 27 September 2018
News
Munich Re and Hannover Re have embraced low margin, low volatility growth with a low Solvency II capital cost in 2018, while peers such as SCOR steer clear due to the high S&P rating capital cost, according to Jefferies analysts. 27 September 2018
Insurance
Argo CEO Mark Watson III believes that the Bermuda-based re/insurer has the right size, enabling it to innovate and use technology to thrive in the future. 26 September 2018
Insurance
The Insurance Development Forum (IDF), a partnership of the World Bank Group, the United Nations Development Programme, and global insurers, has appointed Denis Duverne as chair of its steering committee, succeeding Stephen Catlin. 26 September 2018
Insurance
The 30-day “go-shop” period in which the Navigators Group was seeking alternative acquisition offers has expired on Sept. 21 without a submission of a more attractive alternative to the one from The Hartford Financial Services Group. 26 September 2018
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