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Latest Europe News

Aviva estimates £200m in COVID-19 BI claims

Estimates overall claims bill at £160m including some favourable product line impact.

S&P adjusts reinsurance outlook to negative

Assumes a sector combined ratio of over 105% if COVID-19 losses pass $30bn.

Aviva appoints new Chairman

Succeeds Sir Adrian Montague, who is retiring from the board after five years as Chair.

Re/insurers issue call to arms to reopen Monte Carlo RVS

Trio of leading industry figures urge attendees to carry out planned meetings online.

Munich Re COVID-19 losses at €800m for Q1

Quarterly profit significantly reduced due to the coronavirus claims.

SCOR sponsors new cat bond

Provides $200m of protection against North America storm and earthquake risk.

MS Amlin appoints reinsurance COO

Grégoire Mauchamp re-joins company after time away in advisory roles.

FCA seeks court declaration to resolve BI cases`

UK regulator wants uncertainty on coverage answered as quickly as possible.

Reinsurers eye rate hikes at upcoming renewals

Increasing demand for reinsurance, decreasing capital will drive significant price hardening.

Comments

Editor's comment: GDPR: which insurer will be whacked first?

Financial institutions are in a tizzy regarding the EU's General Data Protection Regulation due to its steep fines and extensive requirements- who will be the first insurers to feel the sting?

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.

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: Reinsurers' sleight of hand - FREE

The cheating phase of reserve releases is well underway, but reinsurers' underlying RoEs are reaching new lows, David Benyon, editor of Reactions, writes.

Reactions April digital issue online now!

This month's magazine issue celebrates 35 years of Reactions, plus features on terrorism, Iran sanctions, reinsurance broking and the run-off market.

M&A covers: After the happy ending

Plenty of excitement surrounds news of a merger or acquisition, but often only part of the story ever makes it into the press.

Garry Booth comment: no COP out for insurers - FREE

As the euphoria around the “success” of the COP21 climate talks subsides, and reality bites, the insurance industry can start to take stock of what it all means for them.

Editor's comment: a new golden era for run-off? - FREE

2016 is fast becoming a year of rich pickings for run-off specialists, writes David Benyon, editor of Reactions.

Interviews

Adapting to investment shock

Allianz UK CIO Ying Ye discusses where several long-term opportunities may lie.

Protecting assets in a crisis

SCOR Global Investments’ CEO says safeguarding should be prioritised in the immediate term.

Keeping up with the complex risk landscape as a CRO

Today’s chief risk officers operate in a more dynamic environment than ever, says Frieder Knüpling, Group CRO at SCOR and chair of the CRO Forum.

Q&A: Asset adaptation - the way forward

Insurers are adapting their investment portfolios to enhance returns, optimise capital and improve overall resilience, according to Moiz Khan, Investment Strategist at Aviva Investors.

Regime change: Pool Re's Julian Enoizi

Pool Re CEO Julian Enoizi spoke to Reactions about the new deal struck with the Treasury and the changes he is now driving through to modernise the UK'?s terrorism risk reinsurance pool.

Profiles: Top women in re/insurance

Profiles: Contrary to the diverse consumer base insurance serves, most industry C-suites are dominated by white, older men. Reactions speaks to some of the industry’s most renowned women as well as what can be done to get more women in the industry.

Kevin O'Donnell's tough act to follow at RenRe

Interview: The top threat to catastrophe reinsurer RenaissanceRe’s new CEO Kevin O'Donnell maintaining his predecessor’s enviable returns is a flood of alternative reinsurance capacity settling for single-digit returns. He is bullish about RenRe's future.

Albert Benchimol: Axis Capital ready to thrive

Interview: Albert Benchimol has had a busy year since taking over as CEO of Bermudian insurer and reinsurer Axis Capital, dealing with the ousting of its chairman and Superstorm Sandy losses. He is now confident that a strong period of growth is ahead for his firm.

Eiopa defends interim Solvency II measures

We ask Carlos Montalvo Rebuelta, the European Insurance and Occupational Pensions Authority's executive director, for more details on interim guidelines for Solvency II and his response to criticism from insurers and reinsurers over the directive's delay.

Latest Issue

May 2020

 

In this month's Reactions

  • Special report on the impact of COVID-19
  • Insurance CIO perspectives
  • Construction market review
  • LatAm in focus

CLICK HERE TO READ THE LATEST ISSUE

 

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