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Reactions from the global insurance market

News analysis, features and opinion

  • Links to Reactions PCI Newsletters

    28 October 2014

    DAY ONE http://www.reactionsnet.com/pdf/Reactions/PCI_Day1_LR.pdf DAY TWO http://www.reactionsnet.com/pdf/Reactions/PCI_Day2_LR.pdf DAY THREE http://www.reactionsnet.com/pdf/Reactions/PCI_Day3_LR.pdf DAY FOUR http://www.reactionsnet.com/pdf/Reactions/PCI_Day4_LR.pdf

  • Allied World sets sights on further North American growth

    28 October 2014

    Allied World's recent move into Canada is just one of the ways the company is seeing to expand its presence in the North American re/insurance market, with the firm looking to add further staff and products to each of its offices in the region.

  • Aviation insurers frustrated by FAA’s slow drone response

    28 October 2014

    The US aviation insurance industry continues to be left frustrated as the Federal Aviation Administration (FAA) drags its feet over rules regarding the use of drones, meaning underwriters remain unable to tap into what is widely expected to be a significant market in the years to come.

  • Handing over a steady ship

    28 October 2014

    Perhaps the most notable transition in the insurance market in 2014, was the announcement that AIG’s enigmatic leader Bob Benmosche, would be leaving the company and handing over the reigns to AIG’s property/casualty chief Peter Hancock.

  • Reinsurers responding to innovation calls

    28 October 2014

    Calls for the reinsurance industry to be more innovative are being answered with underwriters responding to the surfeit of capacity in the sector by amending terms and conditions and listening to clients’ wishes.

  • Surviving the disruptive marketplace

    28 October 2014

    There seems little doubt that the US commercial property casualty market is under pressure. Low interest rates are putting more and more pressure on the investment income of insurers.

  • Today’s chaos can be opportunity: David Sampson

    28 October 2014

  • TRIA could be prototype for cyber liability

    28 October 2014

    The US Terrorism Risk Insurance Act (TRIA) could be used as a prototype for regulation around cyber liability that would allow the industry to quantify the risk, according to Frank Nutter, president of the Reinsurance Association of America (RAA).

  • US insurers unprepared for climate risks - report

    28 October 2014

    US insurers have come under fire from investment activist group Ceres over the sector’s poor response to the challenges posed by climate change.Garry Booth reports

  • Alternative capital yet to be tested

    27 October 2014

    Swiss Re will not panic in the face of the influx of alternative capital into the reinsurance sector; the company remains confident it will work its way through the challenge and emerge stronger, Bill Donnell, president of US P&C for Swiss Re Americas, told Reactions ahead of this week's PCI.

  • Innovate to succeed

    27 October 2014

    TigerRisk’s chief executive Rod Fox has seen a fair number of interesting times in the insurance and reinsurance industry, yet despite his long and distinguished career he finds the present an amazing time to be in the market.

  • Looking to the future

    27 October 2014

    The relatively unknown quantity that is cyber liability and the retroactive nature of risk modelling means re/insurers continue to struggle when getting to grips with the new and emerging threat, although Swiss Re is doing its utmost to be at the forefront of understanding this exposure, according to Nancy Bewlay, Swiss Re head of underwriting casualty US & Canada.

  • Montross warns over “untested” cat bonds

    27 October 2014

    The lightest North Atlantic hurricane season in over three decades will do little to dampen investors’ appetite for supporting catastrophe bonds despite some speculating that pricing for these so-called “alternative” risk transfer tools has hit rock bottom.

  • Munich Re staying disciplined in the face of competition

    27 October 2014

    Competition is the predominant issue affecting the US reinsurance market as alternative capital continues to take more business away from traditional reinsurers, says Steven Levy, the recently appointed president of Munich Re America’s reinsurance division believes.

Read More >>

Latest News by Sector

North America

  • Aspen boosts re/insurance GWP in Q3

    30 October 2014

    Aspen Insurance Holdings ended the third quarter by increasing gross premiums written across both its insurance and reinsurance operations.

  • Insurer ratings to be unaffected by Tria expiration

    30 October 2014

    The ratings of insurers that failed a AM Best stress test on terrorism insurance last year would now be unaffected if Tria were to expire, the ratings agency told Reactions at this year’s PCI.

Casualty/liability

  • Argo boosts profit despite increased competition

    30 October 2014

    Bermuda-based Argo Group increased its net profit during the third quarter even though only one of its quartet of business segment generated a marked increase in gross written premium.

  • Aspen boosts re/insurance GWP in Q3

    30 October 2014

    Aspen Insurance Holdings ended the third quarter by increasing gross premiums written across both its insurance and reinsurance operations.

Bermuda

  • Argo boosts profit despite increased competition

    30 October 2014

    Bermuda-based Argo Group increased its net profit during the third quarter even though only one of its quartet of business segment generated a marked increase in gross written premium.

  • Aspen boosts re/insurance GWP in Q3

    30 October 2014

    Aspen Insurance Holdings ended the third quarter by increasing gross premiums written across both its insurance and reinsurance operations.

Property-catastrophe

  • Aspen boosts re/insurance GWP in Q3

    30 October 2014

    Aspen Insurance Holdings ended the third quarter by increasing gross premiums written across both its insurance and reinsurance operations.

  • Axis boosts profit despite Q3 GPW drop

    30 October 2014

    Bermuda's Axis Capital managed to increase its net profit during the third quarter even though its overall gross premiums written fell during the period.

Europe

  • Zurich appoints UK commercial manager

    31 October 2014

    Richard Coleman has been with the company for 17 years and has led the commercial broker business on an interim basis since Dave Smith took over as CEO of the leading insurer’s UKGI operation in the summer.

  • Zurich closes sale of Russian retail business

    31 October 2014

    The insurer said in a statement that the transaction generates a loss through net income on disposal which will be recorded in Zurich's fourth quarter results.

Financial management

  • No pressure on premiums says IAG chief

    31 October 2014

    Mike Wilkins said low inflation and stabilisation in the reinsurance market had taken the pressure off for premium rises for the time being.

  • Zurich closes sale of Russian retail business

    31 October 2014

    The insurer said in a statement that the transaction generates a loss through net income on disposal which will be recorded in Zurich's fourth quarter results.

Lloyd's and London Market

  • Argo boosts profit despite increased competition

    30 October 2014

    Bermuda-based Argo Group increased its net profit during the third quarter even though only one of its quartet of business segment generated a marked increase in gross written premium.

  • FM Global hits new City rental record

    30 October 2014

    The US-based firm has set new records after agreeing to rent 7,700sq ft of space in the 'Cheesegrater' on Leadenhall St for £85 per sq ft.

Legal and regulation

29 Oct 2014

In today's PCI Reporter Day Four
New cat modeller influx
Private placement opportunities remain
Panel notes legal disputes re cat bonds
Market must work with US govt on cyber 

View issue

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