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Cats and weather hit Travelers in Q2

Natural catastrophes and other weather-related losses hit Travelers during the second quarter of 2017, although the carrier did post a record level of net premiums written during the period.

Chubb appoints Radzinski's successor

Michelle McLaughlin will succeed Edward Radzinski who will retire at the end of this month after 39 years with the firm.

UK Gov publishes final ILS London legislation

The proposed regulations address previous criticisms that approval of ILS vehicle sub-cells would take too long.

IAG simplifies Australian operations

Insurance Australia Group has streamlined its operations in Australia as part of its plan to reduce costs by up to 10% by the end of the 20149 financial year.

Allstate sees nearly $1bn in losses in Q2

One hailstorm in Colorado was the most damaging event for the insurer during the second quarter of 2017.

Reactions July/August digital issue online now!

The latest digital edition of Reactions leads with the new flags being planted by London market insurance firms founding new EU subsidiaries because of Brexit.

Insurtech funding spikes in Q2 2017

Insurtech funding has jumped by over 200% in just one quarter as firms look to tackle their loss adjusting expenses with new technology.

Insurtech investment nears $1bn - Willis Towers Watson

As insurance technology initiatives reach $985m of funding, the latest report from Willis Towers Watson suggests claims management is increasingly in the technologists’ sights.

World Bank to help run London catastrophe centre

The international organisation will help manage the risk centre, which is backed by the UK and German governments.

Magazine

Microinsurance: making a positive mark

Education and public-private partnerships hold the key to a greater industry presence in developing regions.

M&A insurers make hay while the sun shines

M&A transaction insurance looks good right now, but the market might be in for a correction soon.

Garry Booth comment: PRA speaks out on silent cyber

Contributing editor Garry Booth on the Prudential Regulation Authority's strong expectations for cyber risk underwriters.

Reinsurers feel the heat after 1/7 renewals

The Florida windstorm renewals offered little hope for a reinsurance market that has already become accustomed to chronic rate decreases.

Energy insurers eye GoM with optimism

Few losses and intense competition may have pushed rates for Gulf of Mexico named windstorm coverage to the floor, but changes at Oil Insurance may bring in new business.

Benchimol: Axis-Novae deal “a win-win”

Both Axis Capital and Novae Group will benefit considerably from the proposed acquisition deal, the Bermudian firm’s president and chief executive Albert Benchimol told Reactions.

Navigating US flood insurance reform

US lawmakers have until September to settle on reforms to the National Flood Insurance Program that would be beneficial to the public as well as the insurance market.

PCI warms to Financial Choice Act

The Property Casualty Insurers Association of America’s (PCI) Nat Wienecke believes the Financial Choice Act, as well as actions taken by the Trump administration, will be a boon for the US re/insurance industry.

RISKbitz July / August 2017

Your favourite re/insurance satire, by RISKbitz.

Rocket science, insured - CEO interview

Laurent Lemaire, founder, chairman and CEO of space insurer Elseco, caught up with Reactions’ editor David Benyon at the World Space Risk Forum event in London this June.

Post-Brexit moves: what we know so far

Reactions rounds up all the re/insurer post-Brexit EU office locations announced to date.

Interview: Vincent Vandendael on Brexit

Lloyd’s of London is the biggest re/insurance name to choose Brussels as the site for its new post-Brexit European Union insurance operation.

Book Review: Risk & Reward by Stephen Catlin

The book reads like a playbook on how to get ahead in insurance – and stay there. Book review by Garry Booth.

Brazil faces D&O and construction disruption

Political turmoil in Brazil has forced regulatory change in the D&O liability market and a downturn in demand for construction policies.

Are facilities the future of re/insurance broking?

Senior figures in the insurance industry think the commoditisation of insurance has gone too far while others think it’s simply a sign of the times. Either way, the broker/insurer relationship is under severe strain.

Editor's comment: don’t fear the disruptors, copy them

With all that excess capital sloshing about, why not buy or back some nascent technology firms, Reactions' editor David Benyon asks.

Garry Booth comment: slo-mo cats, systemic cyber risk sta...

Contributing editor Garry Booth ponders systemic cyber risk.

Managing editor's comment: on the road

Reactions' managing editor Christopher Munro is back from Rims and from Reactions' own LatAm event and awards in Miami.

Latest Issue

July/August 2017

reactions-latest-issue  

In this month's Reactions

  • Brexit movers
  • Axis-Novae
  • Stephen Catlin's memoirs
  • London Market Awards

Click here to view this issue

 

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