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Rising US interest rates slash Beazley's investment income

The firm pinned a decline in net investment income of roughly 90% for the first half of the year on rising interest rates in the US, although chief executive Andrew Horton is adamant that these hikes will offer increased returns by year's end.

Cats take higher than expected toll on Travelers

Catastrophe losses were $50m more than expected for the quarter leading to a decline in net and core income.

Allstate estimates Q2 pre-tax cat losses at $906m

Allstate's estimated pre-tax catastrophe claims reached $906m in the second quarter, with the insurer's 2018 proving to less impactful at the mid-way point of the year when compared with 2017.

Liberty expands with two arrivals from AIG

Liberty expands team with two senior underwriting roles filled by ex-AIG underwriting managers.

Brexit drives Markel to open in Germany

Markel Corporation has been granted a license by BaFin, the German federal financial supervisory authority, to establish an insurance company in Germany.

AIG completes Validus acquisition

The first major deal for AIG since Brian Dupperault's appointment as chief executive will give the firm access to a number of new business lines.

Insurers create solutions for sharing economy

The insurance industry must create solutions for a sharing economy and needs to modernise its traditional ways, says a joint study from Lloyd’s and Deloitte.

Curtin to head Miller’s energy construction team

Ian Curtin, formerly of Marsh, has joined Miller to lead its energy construction team.

Allianz completes Ensure acquisition

Allianz has completed its acquisition of Nigeria's Ensure Insurance with the German carrier giving a sign of its commitment in Africa and trust in its growing prosperity.

Comments

Editor's comment: What could have been...

Reactions editor Christopher Munro considers what might have been with England at the World Cup and Bermuda's role in the re/insurance industry.

Senior reporter comment: After Brexit - FREE

It’s no exaggeration to say that in London on the morning of Friday June 24, there was an outbreak of grief, heartbreak and tears, following the news that Brexit had triumphed in the referendum and the UK was set to leave the EU.

Americas editor comment: Brexit's North American impact - FREE

The implications of the UK’s vote to leave the EU on the North American re/insurance industry remains opaque.

Editor's comment: Protectionism and Brexit - FREE

Protectionism is about the worst enemy that re/insurance faces, aside from Armageddon at the hands of war or natural catastrophe.

Garry Booth comment: Future shock warning - FREE

Some of what Alvin Toffler, author of influential book Future Shock, said about society could be applied to the insurance industry’s state of mind.

Editor's comment: China’s coming of age - FREE

China’s assets managed by insurers have doubled within four years, reaching around $2.1trn.

Garry Booth comment: Fort McMurray wake-up - FREE

Under successive leaders, Canada has been one of the worst performers on the global stage in terms of climate protection.

Americas editor comment: Latam growth elusive - FREE

Once the leading lights of the Latin American re/insurance industry departed the Ritz Carlton resort in Miami following our recent event, a couple of key issues stuck in the mind.

Garry Booth comment: Benmosche bio on AIG - FREE

If Carl Icahn is looking for holiday reading he might consider ordering the recently released autobiography of the late Bob Benmosche, writes Garry Booth, Reactions' contributing editor.

Interviews

Mount Agnung losses expected to be low so far

A major eruption of Mount Agnung in Indonesia could cause more than $70bn in economic losses, but insured losses are expected to be low.

MMC Q3 results hit market expectations

Earnings per share ticked up to $0.79 for the quarter while underlying revenue at Guy Carp increased by 4% on the prior year period.

Interview: Chris Cotterell of Safeonline

One of the first brokers to build a book of cyber business, Chris Cotterell explains that the cyber market has come full circle.

Insurers are wasting unstructured data - CSC, Xchanging

Unstructured and underused data may be a gold mine for re/insurers according to CSC and Xchanging.

Xceedance targets a new outsourcing model

Xceedance CEO Arun Valakrishnan highlights the wealth of Indian tech talent that re/insurance businesses are failing to employ.

Africa in focus

Africa Re’s group managing director and CEO, Corneille Karekezi, gives his perspective on the outlook for the continent’s reinsurance markets.

Willis Re’s John Cavanagh: Time to buy more reinsurance

Willis Re’s chief executive John Cavanagh remains optimistic at his company’s future growth prospects even though market conditions are tough.

Nick Cook interview: The new face of BMS

BMS has undergone a comprehensive revamp – strategically and financially – since June last year. One year on, Reactions talks with BMS Group CEO Nick Cook to find out more about the ambitious five year strategy the broker is implementing.

Micro insurance consortium: Aspen’s Mario Vitale interview

Developing products that actually meet the needs of those in emerging economies, as well as creating reliable and user-friendly ways of both paying premium and collecting claims, will all determine whether the multi-company multi insurance venture incubator is a success, says Aspen’s Mario Vitale.

Latest Issue

May 2018

 

In this month's Reactions

  • CIO Perspectives
  • Peter Röder interview
  • Dominic Addesso interview
  • Political risk report
  • Ivan Gonzalez interview
  • Digitisation in London
  • Michael Watson interview
  • Demian Smith interview

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