Reinsurance
Aon Benfield research finds 32 markets have COR below 100%
Aon Benfield research has found 32 of the top 50 markets have a five year combined ratio under 100% while the EMEA area leads the way regionally with a COR of 98% overall.
Capital influx could displace traditional equity capital - Willis Re
The influx of third-party capital into the reinsurance market may displace up to $40bn (£25.5bn) of traditional equity capital, which could either be returned to shareholders or redeployed elsewhere in the reinsurance market, according to Willis Re.
$100bn of reinsurance capital to enter market, says Aon Benfield
Aon Benfield has said insurers and reinsurers will benefit from $100bn of alternative capital that will enter the reinsurance market over the next five years.
Insurers warned to take strategic approach to modernisation
Replacing legacy software systems is vital to better serve clients and can provide a competitive advantages but it is vital firms take a strategic approach, Michael Graham, sales and marketing director at Sequel, has warned.
Alternative capital is major talking point ahead of Monte-Carlo
The impact of alternative capital on reinsurance pricing is set to be a major talking point at the Monte Carlo Ren-dez-vous according to Moody’s.
Post magazine – 5 September 2013
This week's issue of Post is now available to subscribers.
Munich Re buys Renaissance's energy risk management division
Munich Re has agreed to acquire RenaissanceRe’s weather and weather-related energy risk management division RenRe Energy Advisors.
Career file - Julian Enoizi: Enoizi named Pool Re chief executive
Julian Enoizi is to become chief executive of UK government‑backed terrorism mutual Pool Re.
Willis in bid to acquire Towers Watson
Willis is said to be in the race of acquiring Towers Watson’s reinsurance arm, according to reports.
European reinsurers should focus on US APH
The expected increased ultimate cost of dealing with asbestos claims of $10bn (£6.4bn) is a source of growing uncertainty for European reinsurers, Ruxley Research has said.
Global reinsurer capital climbs 1% to $510bn
Global reinsurance capital climbed to $510bn as of 30 June, up 1% on 30 December according to Aon Benfield.
Reinsurer capital tops $510bn as results improve
Global reinsurance capital climbed to $510bn as of 30 June, up 1% on 30 December according to Aon Benfield.
Pioneer opens property cat division
David Carson has been appointed to grow Pioneer Underwriting's new property catastrophe reinsurance underwriting division.
Price softening possible in reinsurance market, says Fitch
The outlook for global reinsurance sector ratings remains stable, supported by capital strength and continued profitability, according to Fitch.
Stable reinsurance market could herald price softening
The outlook for global reinsurance sector ratings remains stable, supported by capital strength and continued profitability, according to Fitch.
Enoizi named chief executive of Pool Re
Julian Enoizi is to become chief executive of UK government-backed terrorism mutual Pool Re.
Enoizi appointed chief executive of Pool Re
Julian Enoizi is to become chief executive of UK government-backed terrorism mutual Pool Re.
Post magazine – 29 August 2013
This week's issue of Post is now available to subscribers.
Swiss Re Corporate Solutions appoints Asia-Pacific regional head
Swiss Re Corporate Solutions, the risk management and financing arm of Swiss Re has appointed Fred Kleiterp as head of Asia-Pacific.
Reinsurers underwriting gains offset by unrealised losses
A newly-published report shows reinsurers’ underwriting gains in H1 2013 were offset by unrealised investment losses.
Hannover Re enters talks to buy Heidelberger Leben
Hannover Re is poised to buy Lloyds banking group’s German insurance arm for a fee of €400m, according to media reports.
Post Intelligence – company profile: Standard Chartered Bank
With an operating income of $19bn the Group is targeting double-digit income growth. Standard Chartered is looking to bolster its wealth management presence in India through acquisitions.
THB strengthens Portuguese team with Ricardo Borges’ return
Former THB employee Ricardo Borges is returning to the company to take up a director role based in the European Division’s Amsterdam office.
Interview: Markel's William Stovin: Culture club
Happy with the cultural fit following Markel’s $3.1bn acquisition of Alterra, president and chief operating officer William Stovin is looking to drive the newly merged firm forward.