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PERILS' Thomas loss shows little movement

Losses from extratropical cyclone Thomas, or Doris as it was known in the UK, have hardly moved from PERILS' second claims prediction which was issued in May last year.

Swiss Re faces $4.7bn of cat claims in 2017

Catastrophe losses hit Swiss Re to the tune of $4.7bn in 2017, with its Corporate Solutions arm facing $1.1bn of claims in the US - its largest market.

Scor Global P&C profits dip but strategic plan pushes on

Scor continued to see successes associated with its Vision in Action strategic plan in 2017 despite property and casualty profits dropping from the natural catastrophe events.

Allianz P&C revenues rise but operating profit dips

Allianz's property and casualty business saw gross premiums written rise in 2017 but operating profits dropped slightly.

IFRS implementation will require SII-style effort

Re/insurers have been warned that implementation of the new IFRS rules will take a similar level of effort to that which preceded the introduction of Solvency II.

Zurich's life segment offsets heavy P&C losses

The firm's P&C segment experienced a notable dip in profit in Europe, the Middle East and Africa, but an uptick in revenues from its life business helped keep those losses at a manageable level.

Scor sets its store in mid-term renewals

A focus on profitability rather than growth was the overall theme for Scor at the recent January 1 renewal, although the French reinsurer did see its premiums rise.

Japanese telecoms firm SoftBank eyes Swiss Re stake

Swiss Re is in talks with SoftBank about the telecommunications firm taking a minority stake in the company.

Talanx beats revised 2017 result

German re/insurance group expects to post net profit of some €670m for 2017, an increase of €20m on the revised estimate it posted back in November in the aftermath of the HIM storms.

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.

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: Reinsurers' sleight of hand - FREE

The cheating phase of reserve releases is well underway, but reinsurers' underlying RoEs are reaching new lows, David Benyon, editor of Reactions, writes.

Reactions April digital issue online now!

This month's magazine issue celebrates 35 years of Reactions, plus features on terrorism, Iran sanctions, reinsurance broking and the run-off market.

M&A covers: After the happy ending

Plenty of excitement surrounds news of a merger or acquisition, but often only part of the story ever makes it into the press.

Garry Booth comment: no COP out for insurers - FREE

As the euphoria around the “success” of the COP21 climate talks subsides, and reality bites, the insurance industry can start to take stock of what it all means for them.

Editor's comment: a new golden era for run-off? - FREE

2016 is fast becoming a year of rich pickings for run-off specialists, writes David Benyon, editor of Reactions.

Garry Booth comment: Tech will be the death of motor insurers

Automation trends could mean death for old-fashioned motor insurers, writes contributing editor Garry Booth.

Interviews

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.

Profiles: Top women in re/insurance

Profiles: Contrary to the diverse consumer base insurance serves, most industry C-suites are dominated by white, older men. Reactions speaks to some of the industry’s most renowned women as well as what can be done to get more women in the industry.

Kevin O'Donnell's tough act to follow at RenRe

Interview: The top threat to catastrophe reinsurer RenaissanceRe’s new CEO Kevin O'Donnell maintaining his predecessor’s enviable returns is a flood of alternative reinsurance capacity settling for single-digit returns. He is bullish about RenRe's future.

Albert Benchimol: Axis Capital ready to thrive

Interview: Albert Benchimol has had a busy year since taking over as CEO of Bermudian insurer and reinsurer Axis Capital, dealing with the ousting of its chairman and Superstorm Sandy losses. He is now confident that a strong period of growth is ahead for his firm.

Eiopa defends interim Solvency II measures

We ask Carlos Montalvo Rebuelta, the European Insurance and Occupational Pensions Authority's executive director, for more details on interim guidelines for Solvency II and his response to criticism from insurers and reinsurers over the directive's delay.

Profile: ANV’s three-pronged attack

Matthew Fairfield, CEO of Amsterdam-based start-up insurer ANV, believes the fall-out from the financial crisis has created the perfect opportunity for a new insurance and reinsurance player to enter the market and thrive.

Talanx's industrial insurance evolution

Company profile: German insurance group Talanx, majority owner of Hannover Re, has floated at last. But the group will not use the deal as a springboard for aggressive growth, says the CEO of its industrial insurance unit.

Interview: John Nelson, chairman of Lloyd's - The internationalist

John Nelson has had a busy first year as chairman of Lloyd’s, with the market’s Vision 2025 plan his biggest contribution so far. He believes the make-up of firms and people at Lloyd’s is not diverse enough.

Profile: Validus’ Ed Noonan bounces back

Ed Noonan, CEO of Bermudian reinsurer Validus, has responded to missing out on Transatlantic Re by launching a $500m joint venture with hedge fund manager John Paulson and agreeing to buy Flagstone Re for $623m. He says it is time to adapt or die.

Latest Issue

February 2018

 

In this month's Reactions

  • Dinos Iordanou
  • Stan Galanski
  • Christoph Hoch
  • Alternative capital report
  • Domiciles report
  • NFIP renewal
  • January 1 renewals
  • P&I renewal

CLICK HERE TO READ THE LATEST ISSUE

 

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