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Maria strikes Dominica, heads for BVI
The Category 5 hurricane smashed into the French Caribbean island and is heading for the British Virgin Islands.
QBE CEO Neal to be replaced by Regan
Australian insurance giant QBE will have a new chief executive from the beginning of next year with John Neal stepping down to be replaced by Patrick Regan.
CCRIF Irma payments near $30m
The Caribbean Catastrophe Risk Insurance Facility has made a $13.6m payment to the Turks & Caicos Islands following on from Hurricane Irma, taking its total exposure from the catastrophic storm to almost $30m.
ICT estimates $19bn insured Harvey loss
The Insurance Council of Texas has estimated insured losses from Hurricane Harvey in Texas to be $19bn, with the majority of losses stemming from claims made to the National Flood Insurance Program.
US Commercial insurance rates flat - WTW
US commercial insurance pricing shifted by less than 1% during 2017's second quarter with carriers now gearing up for claims from Hurricanes Harvey and Irma.
Reactions September digital issue online now!
The latest digital edition of Reactions leads with various views on what will be discussed during the reinsurance industry's central gathering of the year - the Monte Carlo Rendez-Vous de Septembre.
Ascent offers nil cyber deductible option to SMEs
The option is aimed at small to medium sized enterprises which have historically been underinsured for the peril compared with their larger counterparts.
Hiscox publishes $150m Harvey loss estimate
The insurer said it anticipated insured losses to fall within modelled bounds.
Davies Group acquires Ambant
The insurance services group has taken over the MGA hosting platform.
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
September 2017
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