The July-August issue of Reactions

The July-August issue of Reactions

The July-August 2011 issue of Reactions is now online.

The cover story looks at small brokers’ strategies to compete with the big three of Aon, Marsh and Willis. We spoke to the CEOs of Arthur J Gallagher, BMS, RK Harrison, Lockton International and RFIB to find out how they planned to keep up.

The issue also feature two roundtable discussions. The first is a debate on how the insurance industry should be tackling the issue of longevity. The second looks at how insurers’ increasing regulatory burden is affecting firms; approach to IT.

Elsewhere, we analyse the fight that has broken out over Transatlantic Holdings, review the Lloyd’s and London market, talk to industry legend Pat Ryan about how he plans to grow his firm Ryan Specialty Group and round-up the action from the Airmic meeting of UK risk managers.
 

COVER STORY
Survival of the fittest for small and medium brokers
The big three insurance brokers loom large, but opportunities still exist for smaller brokers. Reactions asks the CEOs of Arthur J Gallagher, BMS, RK Harrison, Lockton International and RFIB their strategies for success.


FEATURES
Longevity Roundtable: An age-old problem

Reactions in association with Scor held a roundtable in Paris to discuss the growing issue of longevity and what the industry should be doing now in response.

News Report: Noonan's Transatlantic fight
The future of Transatlantic Re is uncertain, with both Validus and Allied World maintaining that their offers for the US reinsurer are superior. The arguments are growing increasingly bitter and equity analysts are unclear about how Transatlantic’s future will be resolved.

Exclusive Interview: Pat Ryan rides again
The founder and retired CEO of Aon Corp, Pat Ryan, is an industry legend. Having grown Aon into a global broker, he started Ryan Specialty Group. Then last month RSG entered into an agreement to acquire 100% of the share capital of specialist Lloyd's insurer Jubilee Group.

Airmic Report: This market is not for turning
Many good reasons for a market hardening exist, but no hard evidence that it will happen without the help of one more big catastrophe. This was the message from Airmic, the largest meeting of UK risk managers, featuring Martin Sullivan of Willis and Tom Bolt of Lloyd's.

Roundtable: Regulation sparks IT re-think
Reactions in association with BNY Mellon Asset Servicing held a roundtable in New York to discuss how the various regulatory initiatives globally are affecting insurance firm’s technology demands.

Lloyd's weathering the storm
The Lloyd’s and London market seems to be holding up well, despite unprecedented catastrophe activity so early in 2011. But some believe the market is losing its identity.


COMMENT
Noonan sparks this summer’s transfer saga
Validus Holdings’ chief executive Ed Noonan seems determined to turn the reinsurance industry’s summers into a similar merry-go-round as seen in the soccer world every close-season, says Reactions’ managing editor Michael Loney.

WTF - the F-word has raised its head again!  
Insurers in the UK have got themselves into another fine mess around fees. This time it is an absurd situation where they are accepting fees to provide policyholder details to lawyers - who then pursue them for billions of pounds of insurance payouts, says Reactions contributing editor Garry Booth.



REGULARS
Legal Analysis: Tension between the layers
How should an excess layer insurer respond when asked to pay a proposed claims settlement, on the basis that the primary layer has reserved in full for a different claim on which there is as yet no loss and no indemnity payment?


View From The Top: AIR Worldwide's Ming Lee

Ming Lee, president & CEO of AIR Worldwide, gives his take on model change and the buzz surrounding recent hurricane model changes.


RISKBITZ
RISKbitz hacking scandal – an apology  
Cheer yourself up with the latest from RISKbitz.

Latest Issue

November 2017

 

In this month's Reactions

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

CLICK HERE TO READ THE LATEST ISSUE

 

Follow Us on Twitter @reactionsnet

Catastrophe Centre

Catastrophe Centre