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Cincinnati Financial posts profit despite cat losses

Gains from investments have helped stave off high losses from catastrophes earlier in the year.

AWAC sees 80% dip in underwriting profit

The firm faced a rough first quarter of 2017, just months away from its acquisition by Fairfax Financial.

Scor faces $126m Ogden impact

The firm is the latest to announce the impacts of the UK's Ogden rate change on its business for the first quarter of 2017.

Reinsurance profit dives at Axis in Q1

Changes to the Ogden rate and an uptick in natural catastrophes hit the re/insurer’s underwriting income.

ANALYSIS: Political risk tops investment risks – GSAM study

Insurers show signs of investment optimism but their biggest concern is political risk, according to Goldman Sachs Asset Management’s insurance study.

Aspen Q1 profits slow

Net income slowed and premiums increased, while the re/insurer responded to reinsurance catastrophe losses and the UK's Ogden rate change.

Markel blames Ogden for Q1 underwriting loss

An underwriting loss at Markel for the year’s first quarter has been blamed on the change in the UK’s Ogden rate.

Willis Towers Watson hires GB broking head

Clyde Bernstein has been promoted to lead Willis Towers Watson’s mainland UK broking within its corporate risk and broking division.

Validus Q1 underwriting profit falls 40%

Bermudian re/insurer Validus showed lower profits in the first quarter, despite a lack of catastrophe losses.

Comments

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.

Americas editor comment: Latam growth elusive - FREE

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.

Garry Booth comment: Benmosche bio on AIG - FREE

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.

Americas editor comment: Disruptive influences - FREE

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.

Interviews

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.

Micro insurance consortium: Aspen’s Mario Vitale interview

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.

Mike Krefta on Hiscox Re's changing strategy

Hiscox Re has scaled back at recent renewals, reducing its concentration on property catastrophe.

Regime change: Pool Re's Julian Enoizi

Pool Re CEO Julian Enoizi spoke to Reactions about the new deal struck with the Treasury and the changes he is now driving through to modernise the UK'?s terrorism risk reinsurance pool.

Latest Issue

April 2017

reactions-sep  

In this month's Reactions

  • Broker Forum 2017
  • Cyber market evolution
  • Ogden rate
  • Japan renewals

Click here to view this issue

 

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