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Reactions from the global insurance market

News analysis, features and opinion

  • The future for ILS: Retro indemnity catastrophe bonds

    14 November 2014

    Reactions, in partnership with risk modelling firm RMS, hosted a roundtable in New York to discuss the potential ways insurance linked securities could develop in the future and in particular, the possible growth of retro indemnity catastrophe bonds.

  • In The Spotlight - Franz-Josef Hahn, Peak Re

    14 November 2014

    It is nearly two years since Peak Re first launched in Hong Kong with a mission to modernise the reinsurance industry in Asia Pacific. Nicky Burridge interviews chief executive Franz-Josef Hahn.

  • High Frequency Trading - The threat to insurers

    14 November 2014

    Following publication of Michael Lewis' Flashboys - an exposé of high-frequency trading (“HFT”) in the US equity market – an all-too-familiar story of financial scandal is playing out on Wall Street.

  • Reasinter looks to build on coverholder status

    14 November 2014

    Mexican broker Reasinter hopes to expand its operations having recently been handed a coverholder licence by Lloyd’s.

  • Asset Managers back less liquidity for higher returns

    14 November 2014

    Reactions in association with PineBridge Investments and BlackRock hosted a presentation and panel discussion in the Old Library at Lloyd's, where investment managers at insurers heard experts from the macro-economic, asset management, equity analyst and hedge-fund strategy sectors, discussing the challenges and opportunities facing investment managers today.

  • ANALYSIS: The 10 big Cat dangers

    14 November 2014

    At a recent AM Best seminar on "the 10 major threats". Carlos Wong Fupuy, Senior Director, Analytics, and Catherine Thomas, director, analytics, listed the five top "knock-out punches" and the five top "slow and painful deaths"

  • EU changes tack on insurer investments

    14 November 2014

    COMMENT: The recent announcements from the EU on changes to capital requirements for certain asset backed-securities were more important for what they signified than for their intrinsic significance

  • Swiss Re CEO Michel Liès urges "covering the gaps"

    14 November 2014

    Reinsurers should worry less about excess capital and more about covering the gaps, according to Swiss Re CEO Michel Liès. Peter Birks reports.

  • Insurers push for family friendly workplace

    12 November 2014

    Many insurers around the world take measures to support their employees’ family lives but we may be surprised at how this is done in regions and cultures different to our own as expectations of how families operate vary.

  • Convergence Quarterly

    12 November 2014

    During the 12 months to June 30, 13 new sponsors obtained risk protection, a record number. By the half-way point of 2014 there were $22.4bn worth of bonds on risk, up $4.6bn on the position 12 months previously.

  • Florida election puts cat fund in the spotlight

    12 November 2014

    As Floridians prepare to vote on their choice for governor in November, the contrasting plans over the future of the state’s hurricane insurance plan are keeping insurers’ attention hooked on the polls.

  • UK Met Office enters cat risk modelling space

    12 November 2014

    The UK’s independent weather and climate service, the Met Office, has launched a suite of European windstorm products and services aimed at ILS investors as well as insurance and reinsurance firms.

  • BHSI goes global

    07 November 2014

    Although officially launched on June 13 last year, Berkshire Hathaway Specialty Insurance (BHSI) actually began life on April 29, 2013 offering commercial property and casualty insurance cover to US-based clients.

  • Legislating on diversity

    07 November 2014

    The Dodd Frank diversity mandate means federally regulated financial institutions, including some of the country’s largest insurance groups, are expected to promote ethnic and gender diversity within their organisations. Americas reporter Sam Kerr looks at its potential impact.

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Latest News by Sector

North America

Casualty/liability

  • New Indian insurer licensed

    26 November 2014

    India's Kotak Mahindra Bank (KMB) is set to become the first such financial institution to obtain a licence from the Reserve Bank of India (RBI) to establish a wholly-owned non-life insurance company.

  • Archdiocese and insurers in sex abuse liabilities battle

    26 November 2014

    The St Paul and Minneapolis archdiocese is suing about 20 insurers for not covering liabilities for clergy sex abuse claims.

Bermuda

  • New Indian insurer licensed

    26 November 2014

    India's Kotak Mahindra Bank (KMB) is set to become the first such financial institution to obtain a licence from the Reserve Bank of India (RBI) to establish a wholly-owned non-life insurance company.

  • RenRe ratings under review after Platinum announcement

    25 November 2014

    Ratings Agency AM Best has announced that it has placed its rating of Renaissance Re (RenRe) under review following its announcement that it is to purchase Platinum Underwriters.

Property-catastrophe

  • New Indian insurer licensed

    26 November 2014

    India's Kotak Mahindra Bank (KMB) is set to become the first such financial institution to obtain a licence from the Reserve Bank of India (RBI) to establish a wholly-owned non-life insurance company.

  • Helios raises syndicates estimate

    26 November 2014

    Helios Underwriting has raised its profit estimate for its syndicate participation in 2012 and 2013.

Europe

Financial management

  • Asia Insurance seeks to offer Takaful

    26 November 2014

    Pakistani Asia Insurance Company may join the many that have started offering takaful insurance since new legislation has allowed traditional and takaful products to be offered side by side.

  • RenRe ratings under review after Platinum announcement

    25 November 2014

    Ratings Agency AM Best has announced that it has placed its rating of Renaissance Re (RenRe) under review following its announcement that it is to purchase Platinum Underwriters.

Lloyd's and London Market

Legal and regulation

  • New Indian insurer licensed

    26 November 2014

    India's Kotak Mahindra Bank (KMB) is set to become the first such financial institution to obtain a licence from the Reserve Bank of India (RBI) to establish a wholly-owned non-life insurance company.

  • UK Treasury still wants Pool Re: AM Best

    26 November 2014

    The UK Treasury is still in favour of offering terrorism backstop cover, but wants to do so on better terms, says AM Best

26 Nov 2014

In this week's Reactions the Review
Friends Life in Aviva deal
India FDI committee requests delay
May clarifies terrorist cover rules
Generali ahead of plan

View issue

For more catastrophe reports, data and news, click through to the RMS/Reactions Catastrophe Centre.