Reinsurance
Guy Carpenter launches cyber practice
Guy Carpenter has launched a cyber-solution specialty practice to develop cyber reinsurance to address the increasing risks associated with cyber security.
Admiral extends reinsurance deals to 2016
Admiral has added an additional year to reinsurance partnerships with Hannover Re, Mapfre Re, New Re and Swiss Re, extending contracts to 2016.
Munich Re's reinsurance division operating profits down 19%
In 2013, according to Munich Re's preliminary results, operating profits at its reinsurance arm reduced from €4.3bn in 2012 to €3.5bn last year (a reduction from €3.1bn to €2.8bn in its consolidated result).
Lloyd’s vs Asia: Is London losing its crown?
Could factors including economic growth in the East and increasingly burdensome UK regulation see Lloyd’s Asian hub in Singapore oust its London counterpart as the global centre of insurance?
Oasis project director says framework will cut costs and increase transparency
Loss-modelling platform includes models for flood, earthquake and tsunami.
Aon Benfield or Guy Carpenter tipped to take on Flood Re reinsurance role
Scheme’s organisers say summer 2015 implementation target will be met.
Industry-owned cat modelling framework launches
An industry-owned catastrophe modelling framework has launched today aiming to reduce costs and increase flexibility for its users.
Post magazine 2015 features list
Since January 2012, Post magazine has been running its features on a monthly, rather than an annual basis. For updates contact commissioning editor Rachael Adams.
Lancashire venture Kinesis commences underwriting
Lancashire Holdings subsidiary Kinesis Capital Management has underwritten its first tranche of reinsurance business for Kinesis Re with limits in excess of $250m (£151m).
Costa Concordia: Two years on
Two years after the Costa Concordia ran aground, it has finally been given a date to be removed. What has happened in the marine market in the intervening period?
S&P forecasts downgrades for reinsurers
Ratings agency Standard & Poor’s is predicting downgrades for reinsurers over the next two years due to increased competition and curtailed profitability.
Philippines promotes catastrophe risk financing initiative
The United Nations Office for Disaster Risk Reduction has teamed up with Willis Re and Munich Re to propose a new approach to catastrophe risk financing for the Philippines.
Hong Kong 'could become reinsurance centre'
Speaking at this week's Asian Financial Forum, China Investment Corporation (Hong Kong) chairman Laurence Lau Juen-yee said Hong Kong could develop into a reinsurance hub by utilising the large capital pool of the mainland.
Cooper Gay launches Australian wholesale division
Cooper Gay (Australia) has launched a new wholesale division for the Australian insurance market.
Reinsurance for Flood Re scheme could reach £2.4bn
Reinsurance coverage required for the Flood Re scheme could be as high as £2.4bn with the broker tasked with coordinating reinsurance arrangements expected to be appointed in Q2.
Post magazine – 16 January 2014
The latest issue of Post Magazine is now available for Post subscribers. Download the latest Post iOS App Edition on the App Store or read the Post Digital Edition online.
C-Suite: Look east for growth opportunities
To grow and prosper, all businesses need to seek new territories and then adapt their model to the needs of the local market. This is especially true of modern Lloyd’s brokers, for which simply being in London ceased to be the ultimate competitive…
Town joins Barbican as non-marine reinsurance underwriter
Barbican Insurance Group has appointed Lucy Town as an underwriter in the firm’s non-marine reinsurance department, with immediate effect.
Post magazine – 9 January 2014
The latest issue of Post Magazine is now available for Post subscribers. Download the latest Post iOS App Edition on the App Store or read the Post Digital Edition online.
Calm 2013 US hurricane season reduced nat cat claims by 50%
According to Munich Re, insured losses from natural catastrophes globally last year declined to around $31bn compared with $65bn in 2012 and the average for the last ten years of $56bn.
Reinsurance renewals remain ‘tough’ despite reduced concerns over PPOs
Insurers benefiting from non-motor rate reductions across the board.
Alternative reinsurance capacity 'here to stay' after record 2013 ILS issuance
Insurers will continue to find plentiful reinsurance capacity for property-catastrophe risks following rate reductions secured in the January 2014 renewals, according to Guy Carpenter.
Catastrophe reinsurance premiums down 11%
Rates for property-catastrophe reinsurance tumbled 11% in 2014 renewals figures from Guy Carpenter revealed.
Ex-Garwyn chief Niemczewski moves to Tawa
Former Garwyn chief executive Artur Niemczewski has been appointed CEO of Tawa's restructured service business.