Reinsurance
China government catastrophe guarantee 'needed urgently', says Munich Re
He Hua, a catastrophe consultant for Munich Re in China, has called for the industry to put more pressure on the government to introduce a public private partnership to help guarantee the payments of catastrophe claims, especially for large earthquakes.
Q2 cat losses "manageable" for insurers
Second-quarter catastrophe losses, including flooding in Germany and the rest of Europe, appear manageable for most European and US insurers, according to SNL Financial.
Tax payer will not be insurer of last resort in Floor Re, says Benyon
The government will not be the insurer of last resort under the proposed Flood Re scheme, environment undersecretary Richard Benyon said yesterday.
Regulation still deemed greatest risk for industry
Regulation has been voted the greatest risk facing the insurance industry for the second year running in a survey conducted in partnership with PWC.
Torus unveils new CEO as it is sold to Enstar for $692m
Global specialty insurer Torus has appointed Dermot O’Donohoe as group chief executive officer of Torus Group, in addition to his role as chief executive of Torus International, following the acquisition of the group by Enstar.
Downward pressure on reinsurance rates to continue
Reinsurance market rates on line will continue to be driven by an influx of capital from third-party investors at the July 1 renewals, according to a report by Guy Carpenter & Company.
GIC Re launches hazard map after flooding “wake up call”
Devastating floods in the Indian state of Utterakhand has prompted Indian reinsurer GIC Re to unveil a new hazard map.
Post magazine – 4 July 2013
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
David Constable appointed to Kiln’s board
David Constable is to join RJ Kiln & Co’s board as a non-executive director.
Munich Re transfers Australian cyclone risk to capital markets
Munich Re transfers US hurricane and Australian cyclone risks to the capital markets
Ace shuffles Continental Europe leadership
Ace has restructured the leadership of its continental Europe operations, naming France country president Jeff Moghrabi chief operating officer for the region.
DIMA appoints new board members at AGM
Dublin International Insurance & Management Association, the representative body for Ireland domiciled reinsurers, elected five directors to its board at its AGM last week.
Marsh’s Hodgins elected to DIMA board
Dublin International Insurance & Management Association, the representative body for the international reinsurance industry in Ireland, has elected five directors to its board.
Willis Re encouraged by Flood Re government liability and excesses pledge
Proposed pool will not impose a significant administrative burden on insurance businesses nor undermine the commercial environment according to Willis Re.
Deloitte and PwC welcome flood decision
Deloitte and PwC agree today’s agreement will benefit households at a high risk of flooding.
Post magazine - 27 June 2013
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
View from the Top: Specialist insurers must up their game
The quota share, that simplest of arrangements where premiums and claims are split by the parties in a pre-agreed fixed proportion, is losing its innocence.
Swiss Re targets China, India and Brazil
Swiss Re is looking at acquisitions in China, India and Brazil to boost growth.
Clausen Miller recruits Drake as non-contentious specialist from Ashurst
Insurance law firm Clausen Miller has appointed a non-contentious insurance specialist Jonathan Drake from Ashurst.
Guy Carpenter launches mutual specialty practice
Guy Carpenter has launched a specialty practice focusing on mutual insurance companies.
Aspen Re strengthens business development team
Bermuda-based Aspen Reinsurance has appointed Tom Luning as head of US regional business development.
Market looks to politicians to overcome Dutch flood stalemate
The Dutch Minister of Infrastructure and Environment plans to intervene in the flood debate raging in the Netherlands in a bid to overcome the current stalemate.
Post magazine - 20 June 2013
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
CMS appoints new insurance partner
CMS Cameron McKenna has appointed Simon Kilgour as reinsurance partner in a bid to strengthen its insurance and reinsurance group.