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Latest Casualty/Liability News
Ransomware claims rising in 2019: Chubb
Manufacturing and professional services firms most at risk.
Reactions' October digital issue online now!
Featuring our exclusive roundtable from Monte Carlo.
UK motor, home insurers to take profit hit
Fitch expects FCA action to impact profitability.
James River cancels Uber ride
Policies being cancelled due to profitability concerns.
MS Amlin exits nine business lines
Refocus is part of 2023 transformation plan.
Ascent, Cove join together in rebrand
Ahead of rebrand as Optio, group hires Ark founder Ian Beaton as NED
Brit Re buoyed by A.M. Best rating
Lloyd’s insurer looks to grow reinsurance arm in US casualty excess of loss next year.
AXA division acquires Munich Re Malaysia legacy portfolio
Deal is 20th for AXA run-off acquirer.
Lloyd’s reveals impact of profitability drive at H1
Profits up at Lloyd’s, but underwriting performance deteriorates.
Interviews
Marsh, GC and JLT's LatAm Fac business united
The consolidated business will be called Carpenter Marsh Fac Re.
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.
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.
Canopius looks to Singapore for growth
Interview: Inga Beale says Singapore is going to a big area of strategic growth for Lloyd’s insurer and reinsurer Canopius, as less business makes its way to the London market.
Colombia interview: Suramericana's CEO
Suramericana, Colombia's largest insurance company, wants to pursue plans of international expansion at the same time that competition in its domestic market becomes fiercer, according to Gonzalo Pérez Rojas, the company's CEO.
Interview: Lori Fouché, CEO of Fireman’s Fund
Fireman’s Fund is celebrating its 150th anniversary this year. But its recent history has been turbulent, with the US insurer having to rebuild trust with its German parent Allianz. Lori Fouché is confident the firm is now set for a period of strong profitability.
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.
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.
Latest Issue
October 2019
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In this month's Reactions
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Comments
Editor's comment: What does the future have in store?
Reaction's editor Andrew Putwain reflects on his experiences in the market thus far.
Editor's comment: GDPR: which insurer will be whacked first?
Financial institutions are in a tizzy regarding the EU's General Data Protection Regulation due to its steep fines and extensive requirements- who will be the first insurers to feel the sting?
Editor's comment: What could have been...
Reactions editor Christopher Munro considers what might have been with England at the World Cup and Bermuda's role in the re/insurance industry.
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.
Americas editor comment: US market heads to RIMS
All sorts of business classes will be widely discussed at the upcoming Risk and Insurance Management Society’s (RIMS) annual conference, but it is likely cyber liability will once again dominate many of the talks.
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: Tech will be the death of motor insurers
Automation trends could mean death for old-fashioned motor insurers, writes contributing editor Garry Booth.
Comment: Insurers' reserves cushion eroding
Tower Group's downgrade in October has sparked speculation about whether other firms will follow suit and bolster their reserves also. What is clear is insurers and reinsurers have increasingly less room for error, says Reactions' managing editor Michael Loney.
The future’s fiercest reinsurance rivals
Comment: A recent PwC report reveals the successful attributes of the reinsurer of the future. One of its most useful insights is for reinsurance firms to recognise future rivals will be in Asia and other developing markets, says Reactions' managing editor Michael Loney.