Reinsurance
Softening reinsurance market showing 'no sign of relief' says Willis
The reinsurance sector is seeing significant rate reductions as the excess capital supply in the market continues to chase muted demand, according to Willis Re.
Ex-Guy Carpenter boss Flandro joins JLT Towers Re
JLT Towers Re has swooped to make Guy Carpenter’s David Flandro its global head of strategic advisory.
Career development: ABI releases industry guide to non-modelled catastrophe risks
The Association of British Insurers has published an industry guide to better identify, assess and manage non-modelled aspects of global catastrophe risks.
MIB plans PPO research after mortality rates found to be higher than expected
Figures suggest reinsurers are becoming ‘marginally more comfortable’ with PPOs
JLT Towers Re Bermuda launches following acquisition
JLT Towers Re has launched a combined operation in Bermuda following JLT Re’s acquisition of Towers Watson Re’s global operations.
Willis' Hearn appointed Liiba chair
Willis Group’s deputy chief executive officer Steve Hearn has been elected chairman of the London & International Insurance Brokers’ Association.
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.
Ageas reinsurance claims boss Gunter to retire next year
Ageas’ head of reinsurance claims Nick Gunter will retire at the end of March 2014 following 35 years at the insurer, Post can reveal.
Increased typhoon activity in East Asia expected, says Munich Re
Overall insured losses from weather events in the last three decades in East Asia have hit $6bn as floods and typhoons increase. The situation could be about to worsen.
Compre claims first in unlocking 'major barrier' to European runoff acquisitions
Reinsurance legacy specialist Compre Holdings has completed what it claims is the first ever cross-border demerger of insurance and reinsurance portfolios.
View from the Top: Climate change's impact on tropical storms
Following the release of the Intergovernmental Panel on Climate Change report, Peak Re’s Dr Graham Cook has conducted a study on the impact of climate change on potential tropical cyclone losses.
Hong Kong welcomes young UK reinsurance professionals
The Future Insurance Leaders in Hong Kong group, in partnership with the Insurance Institute of Hong Kong, hosted the 'The U35 Reinsurance Group' from the UK for a knowledge sharing forum and networking event on 23 September in central Hong Kong.
The Asian reinsurance story so far
The reinsurance market has great potential for growth in Asia as insurers, brokers and banks try to address a chronic deficit in insurance cover across the continent writes Andrew Tjaardstra.
Swiss Re warns of major disaster threats to East Asia
Eight urban areas in East Asia are most at risk from natural disasters when taking data from across the world according to Swiss Re.
JLT Group acquires Towers Watson's reinsurance brokerage
Jardine Lloyd Thompson Group is acquiring the reinsurance brokerage business of Towers Watson for a cash consideration of $250m (£156m).
$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.
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.
Peak Re makes gains at renewal season
Hong Kong-based reinsurer Peak Re said it welcomed a good 1 July renewal season in the Asia-Pacific region.
Willis Re's Australia chairman in Bermuda move
Willis Re Australia chairman Michael Harden has been appointed chief executive of Willis Re Bermuda.
AJ Gallagher targets reinsurance expansion in Asia
Arthur J Gallagher (Singapore) is targeting 30% reinsurance premium growth this year as the broker promotes Maxwell Sung to managing director of reinsurance.
Huge reinsurance growth potential in Asia, says Fitch
Global ratings agency Fitch believes there is significant room for the reinsurance market in Asia to grow given relatively low insurance penetration in Asian markets.
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.
German floods to cost industry €2bn
Claims from last month's flooding in Germany alone are expected to cost insurers nearly €2bn, German trade association GDV said on Tuesday.
Primary insurance growth to outstrip reinsurance says Munich Re
The global insurance market will grow strongly over the next decade, according to Munich Re’s Insurance Market Outlook published this week.