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Latest Insurance News
NFIP expected to take half of Barry hit
RMS: Flood programme may be on hook for Barry
Industry ire rises as Ogden impact sinks in
ABI director general blasts Ogden rate change
AIG appoints global head of real estate
Goldman Sachs vet joins the fold.
Allied World CEO joins Fairfax
Scott Carmilani steps into unspecifed leadership role.
Hamilton Insurance Group appoints CTO
Venkat Krishnamoorthy takes up the role on 5 August.
KCC estimates $300m for Hurricane Barry
State Farm is the most exposed insurer.
US workers' comp: positive profits, declining rates
Caution urged for those in the WC market in the long term.
Study: Gender inequality amongst London’s FTSE 350
UK insurers hit 20% representation on executive committees.
Credit ratings withdrawn for Lloyd's Syndicate 2010
AM Best's move comes at the syndicate's request.
Comments
Editor's comment: What does the future have in store?
Reaction's editor Andrew Putwain reflects on his experiences in the market thus far.
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?
Editor's comment: What could have been...
Reactions editor Christopher Munro considers what might have been with England at the World Cup and Bermuda's role in the re/insurance industry.
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.
Americas editor comment: Brexit's North American impact - FREE
The implications of the UK’s vote to leave the EU on the North American re/insurance industry remains opaque.
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: China’s coming of age - FREE
China’s assets managed by insurers have doubled within four years, reaching around $2.1trn.
Garry Booth comment: Fort McMurray wake-up - FREE
Under successive leaders, Canada has been one of the worst performers on the global stage in terms of climate protection.
Interviews
Adaptation: The key to Assurant's future
CEO Alan Colberg outlines the changes brought to its management structure, its risk selection and its embrace of new technologies.
Mount Agnung losses expected to be low so far
A major eruption of Mount Agnung in Indonesia could cause more than $70bn in economic losses, but insured losses are expected to be low.
MMC Q3 results hit market expectations
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.
Interview: Chris Cotterell of Safeonline
One of the first brokers to build a book of cyber business, Chris Cotterell explains that the cyber market has come full circle.
Insurers are wasting unstructured data - CSC, Xchanging
Unstructured and underused data may be a gold mine for re/insurers according to CSC and Xchanging.
Xceedance targets a new outsourcing model
Xceedance CEO Arun Valakrishnan highlights the wealth of Indian tech talent that re/insurance businesses are failing to employ.
Africa in focus
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 John Cavanagh: Time to buy more reinsurance
Willis Re’s chief executive John Cavanagh remains optimistic at his company’s future growth prospects even though market conditions are tough.
Nick Cook interview: The new face of BMS
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.
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Summer 2019
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