Reinsurance
Global reinsurance capital levels firm at £273bn, says Guy Carpenter
Overall capital levels for reinsurance have stabilised, with no growth seen for the first time in several years, according to a report from Guy Carpenter.
Reinsurance pricing floor remains elusive at 1 January renewals
Despite the signs of pricing stabilisation in peak property catastrophe zones at the June/July 2015 renewals, the forecasts for a “softening in the softening” in reinsurance pricing have proved illusory, according to Willis Re.
Blog: What insurers need to know about Flood Re and the flood levy
Flood Re is the new UK reinsurance vehicle, established to provide a pooling facility to insurers for flood risks they feel unable to retain in their portfolios.
Speciality insurer Fidelis to start underwriting in UK
Fidelis Insurance will launch in the UK after receiving approval from the Prudential Regulatory Authority.
Qatar Re to trade from Bermuda
Qatar Re will re-domicile in Bermuda after receiving approvals from the regulatory body.
Ironshore opens New Zealand office
Ironshore International has opened a New Zealand office in Auckland today.
C-Suite - Broker: Time to go big on analytics
Brokers need to respond quicker to client demand for recommendations based on big data.
Chemical or nuclear terrorism covered by Pool Re
Pool Re CEO Julian Enoizi said the government-backed terrorism reinsurance scheme would be ready to respond to biological or chemical attacks, after French prime minister Manuel Valls raised concerns about such incidents on French soil.
Industry body reaffirms commitment to help combat climate change
Leaders in the re/insurance sector are today (19 November) confirming their commitment to climate change ahead of the United Nations conference in Paris later this month.
International Underwriting Association partners with Singapore Reinsurers' Association
The International Underwriting Association of London is to partner with the Singapore Reinsurers' Association to enhance their membership offerings.
Inaugural terror reinsurance event launched in London
Pool Re has announced the inaugural Congress for National Terrorism reinsurance Pools event in London later this month.
PWC tips global cyber market to reach $5bn by 2018
The global cyber insurance market could grow to $5bn (£3.2bn) in annual premiums by 2018 and at least $7.5bn by the end of the decade, according to a PWC report.
LV exploring reinsurance opportunities amid increased market appetite
LV general insurance managing director John O’Roarke says his firm may seek to take advantage of an increased appetite among reinsurers to write primary business amid an uptick in alternative capital entering the reinsurance space.
Former Zurich CEO Riddell returns to Pool Re as non-exec
Pool Re has recruited former Zurich Global Corporate boss Geoffrey Riddell as a non-executive director.
Dye denies Allianz UK's reinsurance arrangement is for acquisition 'war chest'
Allianz UK's 12% drop in operating profit in the first half of 2015 was impacted by a quota share reinsurance arrangement agreed with sister company Allianz Re, according to CEO Jon Dye.
Lloyd's to boost Malaysia presence as it applies for onshore licence
Lloyd's is to apply for an onshore reinsurance licence in Malaysia and open an office in Kuala Lumpur.
Peak Re partners with Shanghai Typhoon Institute
Hong Kong based reinsurer Peak Re and the Shanghai Typhoon Institute are partnering for research projects into the impact of tropical cyclones on the insurance market.
JLT appoints group finance director
Charlie Rozes is set to relieve Jardine Lloyd Thompson CEO Mike Reynolds of his group finance director duties.
Besso looks to make Dubai move
Besso Insurance Group is in the process of obtaining permissions to establish a reinsurance broking and managing general agency in Dubai.
International: Brazil - the unbreakable nut?
On the surface of it, Brazil seems like a prime target for insurers. However, behind the scenes there are issues which could slow down Brazil's growth into an insurance powerhouse
Nepal earthquake to have minimal impact on global reinsurers
A.M Best believes that the recent earthquake in Nepal is not expected to have a major impact on the current reinsurance market, but local and regional players will feel some adverse effects.
Europe: How did the Western Sanctions affect the Russian insurance market?
At the end of January the Council of the European Union agreed to extend existing sanctions against Russia. This move comes a year on from the introduction of the first set of sanctions, and now we can estimate its impact on the Russian insurance market.
C-Suite - Broker: Reinsurers in this new world
Reinsurers should stick to their core values of serving stakeholders, says David Flandro executive vice-president – global head of strategic advisory at JLT Re.
Sompo acquires 7.8% stake in Scor
Sompo Japan Nipponkoa Insurance has acquired a 7.8% stake in French reinsurer Scor.