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Brexit: Insurers push for minimal regulatory change

After the UK's Prime Minister formally triggered Article 50 to initiate the withdrawal from the European Union, insurers said negotiations must aim to reduce the change and uncertainty faced by markets.

WR Berkley takes $30m Ogden hit

The US carrier has recorded a $30m reserve charge against last year’s loss reserves owing to the decrease to the Ogden rate.

DeMaio to rejoin AIG

AIG has appointed a new chief auditor position following Martha Gallo's promotion, with Donnalee DeMaio set to rejoin the business.

Markel expands trade credit to Canada

The firm has decided to try its hand in the Canadian trade credit market after enjoying some success within the sector in New York.

XL Catlin boosts structured risks team

The firm has boosted its new structured risk solutions team with a new appointment.

Sompo completes Endurance acquisition

The Japanese insurance giant has completed its purchase of Endurance through a Bermudian subsidiary.

IUA: MoJ must unpeg Ogden from government bond rates

The International Underwriting Association (IUA) has warned lump sum compensation payment rates should not be linked to government bonds.

Chaucer hires Murphy to write casualty

Joe Murphy has joined Chaucer from HDI Global to write large wholesale US casualty facultative business.

OIL to return $250m to members

Oil Insurance Ltd is handing back $250m to its members after the energy industry mutual posted net profit of $210.4m in 2016.

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

March 2017

reactions-sep  

In this month's Reactions

  • Tony Markel
  • Rising Stars
  • CIO focus
  • Greenberg settlement

Click here to view this issue

 

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