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Reactions from the global insurance market

News analysis, features and opinion

  • Going, going, gone

    23 January 2015

    The Hotel de Paris, focal point of the Rendez-Vous de Septembre in Monte Carlo, is auctioning off much of its interior.

  • Editorial - overcapitalised or not?

    13 January 2015

    Is the reinsurance sector overcapitalised, or is it instead a case of the world being underinsured?

  • And finally ....

    14 January 2015

    Verisk Insurance Solutions has announced that its fire hydrant database has reached a high watermark of 7.5 million hydrants.

  • XL-Catlin tie up – the raters’ verdict

    12 January 2015

    The outlook for XL Group and Catlin's re/insurance merger has been assessed by rating agencies Moody’s and AM Best, David Benyon reports.

  • XL and Catlin agree deal

    12 January 2015

    XL and Catlin have agreed terms for a takeover that should close in the first half of 2015

  • Acappella looks to next steps in holdings company move

    08 January 2015

    The Willis and Ironshore-backed Lloyd’s underwriter is to launch as an insurance holdings company – aiming to attract third party capital. Reactions spoke to its CEO, former Willis Faber boss, Jason Howard, about his plans and the next steps in the approvals process.

  • What DIDN'T happen in 2014

    06 January 2015

    Garry Booth takes a look at the things which might have happened in the insurance sector in 2014, but which didn't

  • No respite for rates at reinsurance renewals – Willis Re report

    05 January 2015

    The reinsurance broker has published its 1/1 report, arguing that the “renewal season has not offered reinsurers any respite”, leading to some popular business models running out of steam.

  • Bank of England, PRA aware of banks and insurance difference, argues Bailey

    22 December 2014

    One of the most senior regulators of the UK’s financial services industry has insisted the bodies he represents do understand the differences between banks and insurers.

  • SEC hones in on industry “misconduct”

    22 December 2014

    There was plenty of press surrounding insurer Chubb and its “representatives” in certain countries following a US Securities and Exchange Commission (SEC) inquiry into why it had people representing its clients’ interests in blacklisted countries such as Syria and Sudan.

  • Should reinsurers cash in on low rates?

    22 December 2014

    As retrocession prices follow the reinsurance sector’s downward spiral the market is split over whether it is better to cash in on low rates or to buy less retrocession to increase profits.

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Latest News by Sector

North America

Casualty/liability

  • Allied World Europe enters marine liability

    22 January 2015

    Allied World Europe is to enter the marine liability market, which will be an addition to the company’s current marine cargo offering. Pene Reuben, Assistant Vice President, Marine Liability, has been appointed to develop and manage the product line

  • Sharp increase in US floods forecast

    20 January 2015

    The majority of US coastal areas will be threatened by a month's worth or more of flooding every year by 2050, claims the NOAA in a new study.

Bermuda

Property-catastrophe

Europe

  • Rise of drones could have insurance implications

    23 January 2015

    The proliferation of the use of drones presents a number of legal issues that could have ramifications for the insurance industry says a report released by Swiss Re.

  • Scor retrocedes via Atlas IX

    23 January 2015

    French reinsurer Scor is to retrocede some named storm and quake exposure in the US via the cat bond market

Financial management

Lloyd's and London Market

  • Rise of drones could have insurance implications

    23 January 2015

    The proliferation of the use of drones presents a number of legal issues that could have ramifications for the insurance industry says a report released by Swiss Re.

  • Ping An buys Tower Place

    23 January 2015

    Chinese insurer Ping An has bought Tower Place, the London home of Marsh & McLennan Cos, according to seller Deutsche Asset & Wealth Management.

Legal and regulation

  • Indian govt prepares for new session

    22 January 2015

    India's ruling party is preparing for the new parliamentary session with the aim of passing into law an ordinance on insurance executed after the closing of the last session.

  • BoE won't ramp insurer capital requirements

    22 January 2015

    The Bank of England's Prudential Regulation Authority will not use the introduction of Solvency II capital requirements to ramp up its own capital rules, according to the BoE's executive director for insurance supervision.

21 Jan 2015

In this week's Reactions the Review
India introduces new distribution rules
Cat losses hit five-year low
MetLife files suit over Sifi status
Barbier lowers max possible BP fine


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