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Cloud computing offers legacy solutions

Cumbersome legacy systems are hindering insurers' attempts to branch out into new markets, but according to one IBM executive cloud computing could be the perfect solution to the issue.

Wildfire losses to max out at $10.5bn - AIR

AIR Worldwide has revised its loss estimate for the deadly wildfires that tore through some of the most expensive neighbourhoods in Northern California during September and October.

Barbican adds ex-Ariel team for US specialty push

Three former Ariel Re executives have joined Barbican as the London-based carrier goes on a push into the US specialty market.

Analysis: US cyber market slow to take off

The cyber insurance market has long been touted as a key growth market and one that will balloon in the coming years, and while that major expansion has failed to materialise, the chance for it to develop under the right conditions remains.

Insurtech cooperation trumps disruption

It is becoming increasingly clear that cooperation between insurtech firms and incumbent insurers is more beneficial to both parties.

Allstate hit hard by wildfires

Record breaking wildfires have added to the heavy losses the firm suffered from the hurricanes that hit during the third quarter of this year.

Sompo launches new upstream drilling product

Sompo Canopius' new product will fill a coverage gap for the notoriously risky exploratory drilling sector.

FEMA moves to form new NFIP rating plan

The agency has tapped actuarial firm Milliman to help modernise the way it rates policies under the National Flood Insurance Program.

Renewables behind LSM push into project finance

The company's new project finance offering is largely driven by a surge in renewable energy projects across the globe.

Magazine

Industry keeping tabs on climate change

Managing Editor's Comment: The industry is keeping a close eye on the impact of climate change as hurricanes and wildfires hit bottom lines.

Tax plan creates sharp divide

The US property and casualty market is hoping for relief from a tax overhaul that economists have warned will do more harm than good in the long run.

Ready to sign on the dotted line?

Director and officer responsibility for cybersecurity

Settling dust reveals opportunity

Despite record capital levels, ratings action has already been taken against Lloyd’s of London and XL Catlin in response to devastating North American disasters, indicating how hard-hitting the recent catastrophes have been.

Wildfire woes add to re/insurers’ concerns

Losses from the wildfires that have been raging in California will only present further pain to carriers.

NFIP: not quite dead in the water

Following an emergency disaster relief bill, the National Flood Insurance Program is able to pay claims from the third quarter storms, but there is still no answer as to the best way to reform the scheme.

Argo primed for opportunities

Argo has spent the past 15 months building out its business and is now ready to take advantage of any pricing improvements.

Loss frequency as important as severity

Recent disasters have proven that the impact of multiple sizable events should be taken into account, rather than worrying about about one "mega-catastrophe".

Insurtech firms born to be acquired

The debate rages on over whether or not insurtech firms can maintain their independence are simply destined to end up within a larger firm.

Circumstances right for price rises

The recent storms have brought about the perfect conditions for rate increases following the elimination of an entire year of reinsurance market premium according to Jean-Paul Conoscente, president and chief executive of Scor US Corporation.

A man for all seasons

Swiss Re’s Frank O’Neill has moved back to London as head of UK and Ireland at a stormy and uncertain time for the market.

GIC Re IPO gets off the ground

Despite some shares selling at a discount, General Insurance Corporation of India could benefit from the country’s crop insurance scheme.

AIG shakes off SIFI status

The insurance giant has managed to lose its status as a Systemically Important Financial Institution, a move which has been welcomed by new chief executive Brian Duperreault.

Airline insurers readying for rate take-off

Rates in the airline insurance market have been in the doldrums for well over a decade, but there is some hope that situation may now change during the busy fourth quarter renewal.

Global re/insurers sign on to landmark Iran deal

Some of the largest European reinsurers have reportedly signed on to offer catastrophe coverage in Iran for the first time in seven years.

FIO under fire

The Federal Insurance Office stands to see its negotiating powers limited by Congress, as some call for the removal of the office in its entirety.

Munich Re's Levy ready for rises

A combination of key factors means pricing in the reinsurance industry is now ready to rise, Munich Re America's Steven Levy believes.

ILS London bill placed before UK parliament

Legislation to allow insurance linked securities transactions to take place in London has been presented to lawmakers for approval.

Latest Issue

November 2017

 

In this month's Reactions

  • Hurricane update
  • North America Awards
  • PCI Roundup
  • Baden Baden update

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