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JLT Specialty USA readies M&A warchest

JLT Specialty USA has a dedicated team in place and the funds available to boost its impressive growth with further mergers and acquisitions.

PCI backs international standard setting bill

The Economic Growth, Regulatory Relief and Consumer Protection Act is controversial in its rollback of certain Dodd-Frank regulations, but PCI sees it as a win for the US re/insurance industry and its system of state-based regulation.

Venture capital aiming for the top

Some of the largest investments in the insurtech space are not actually coming from re/insurers.

Ex-Ascot underwriter joins Neon in newly created role

Neon has created a new group underwriting director position which will be filled by Theo Butt who joins from Ascot.

Lloyd’s Brussels subsidiary gets regulatory approval

As the insurance industry continues the race to set up subsidiaries in continental Europe to circumvent any possible Brexit restrictions, Lloyd’s has received licence approval from the National Bank of Belgium for Lloyd’s Brussels to operate in the city.

RMS aims for preemptive hurricane model

After walking away satisfied with its estimates for last year’s hurricanes, RMS is seeking to up the ante by seeking to estimate losses before a hurricane even hits.

RFIB owner rebrands to Risk Transfer Group

The broker is set to launch a new strategic plan which aims to double its revenues by 2021.

Ring of fire storms burn insurers with $2.5bn hit

Karen Clark & Co has estimated an insured loss of $2.5bn from the so-called ring of fire storms that hit the US in May.

Guy Carpenter takes Aon’s Carver

Richard Carver has left Aon Benfield for a second time and moved to Guy Carpenter as head of the company's UK non-marine operations.

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

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.

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.

Latest Issue

May 2018

 

In this month's Reactions

  • CIO Perspectives
  • Peter Röder interview
  • Dominic Addesso interview
  • Political risk report
  • Ivan Gonzalez interview
  • Digitisation in London
  • Michael Watson interview
  • Demian Smith interview

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