Luxembourg is set to welcome another new re/insurance operation ahead of the UK's withdrawal from the European Union with Sompo International the latest to unveil plans of opening an operation there.
Primary carriers will be on the hook for the majority of as much as $10bn in loses related to the devastating California fires.
Skuld's Claes Lindh will leave his full time position with the marine insurer at the beginning of next year although he will continue to provide advice to the business.
Former Agilisys and Xchanging executive Steven Beard has joined RFIB Group and Limehouse Agencies as its new chief financial officer.
Bill Guffey previously led the Alternative Risk Transfer business' blockchain initiative alongside Ernst & Young.
The firm's appointment of Glenn Dorr as head of business development in North America is further evidence of its push into the US market following a series of devastating hurricanes in the region.
Small to medium enterprises are satisfied with cyber insurance offerings but actual take up of the protection amongst this group remains low, a situation which Argo Group is confounded by.
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.
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.
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.
The implications of the UK’s vote to leave the EU on the North American re/insurance industry remains opaque.
Protectionism is about the worst enemy that re/insurance faces, aside from Armageddon at the hands of war or natural catastrophe.
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.
China’s assets managed by insurers have doubled within four years, reaching around $2.1trn.
Under successive leaders, Canada has been one of the worst performers on the global stage in terms of climate protection.
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.
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.
Disruption was the name of the game at this year’s Risk and Insurance Management Society’s annual gathering, writes Christopher Munro, Reactions' Americas editor.
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.
One of the first brokers to build a book of cyber business, Chris Cotterell explains that the cyber market has come full circle.
Unstructured and underused data may be a gold mine for re/insurers according to CSC and Xchanging.
Xceedance CEO Arun Valakrishnan highlights the wealth of Indian tech talent that re/insurance businesses are failing to employ.
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 chief executive John Cavanagh remains optimistic at his company’s future growth prospects even though market conditions are tough.
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.
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.
Hiscox Re has scaled back at recent renewals, reducing its concentration on property catastrophe.