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UK emerges as ILS destination

The push to transform London into a global hub for insurance linked securities has started with Neon making a pioneering move to establish such a structure in the UK.

Risk perception rises on a global scale

More than half of the respondents to the World Economic Forum's global risk perception believe that the year ahead will bring an increase in overall risk mainly due to environmental and geopolitical factors.

Sitting on the sidelines

Investors continue to eye any opportunity that may arise in the re/insurance industry, with the January 1 renewals highlighting the continued interest in the sector, Michael Millette told Reactions.

Wildfire losses continue to burn industry

Insurers are facing a slow burn in California as new wildfires that have erupted in the South of the state add to the losses already incurred in the North.

Hyperion revenues rise 20% in 2017

London's Hyperion Insurance Group saw its revenue grow by a fifth while EBITDA increased by a quarter in 2017.

Reinsurers take 2017 cat losses in stride

Adequate capitalisation, a robust alternative capital market and a retention of losses in the primary market have left global reinsurers breathing a sigh of relief in the face of a record-breaking catastrophe year, according to Aon Benfield.

Pioneer eyes growth in burgeoning Latin America

As many of the economies in Latin American recover from a far reaching lull, Pioneer Underwriters is looking to establish a foothold in the region.

Reactions December January digital issue online now!

The latest digital edition of Reactions leads with a focus on some of the senior female executives working within the global insurance and reinsurance industry, while we also find out what leading market figures think will be the major issues for the sector in 2018.

FEMA increases NFIP reinsurance purchase at 1/1

The National Flood Insurance Program (NFIP) has increased its private reinsurance coverage to $1.46bn, as program administrator Roy Wright aims to double the amount of Americans covered by the scheme by 2023.

Comments

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.

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.

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.

Garry Booth Comment: States in denial over climate risks

Worsening weather related disasters have raised climate change on the US agenda, writes Garry Booth

Editor’s comment: Icahn threat to oust AIG boss

Investor activism has caught up with insurance sector conservatism, writes David Benyon.

Editor's comment: China: crisis, disaster, ambition, expansion

Whatever does happen next in the sector, it’s a safe bet that the arc of China’s story will figure increasingly prominently on the global re/insurance stage.

Garry Booth comment: What’s hiding in Tianjin’s tail?

There’s a growing sense of unease around the wider loss implications of the explosions in the Chinese port of Tianjin.

Garry Booth Comment: G7 in Germany, the heat is on

Reinsurance and climate change are on the menu for the annual summit meeting of the G7 countries' leaders, taking place on June 7-8 at Germany's Schloss Elmau.

States under pressure over building codes

As the hurricane season approaches, some states are dragging their heels on implementing safe building codes, writes Garry Booth.

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.

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.

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.

Interview: Novae - Off the to-buy list

Novae can start considering acquisitions rather than being acquired since share value has soared above book value, Novae’s CEO tells Reactions.

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.

Swiss Re’s Smith: NFIP is “unsustainable”

Interview: The National Flood Insurance Program (NFIP) is unsustainable, says Swiss Re’s Americas CEO Eric Smith. He and others are now suggesting that the private sector needs to take up some of the burden to ensure flood protection remains in the US.

Canada M&A good for reinsurers: Swiss Re’s Ludlow

Interview: Swiss Re’s Canada CEO believes consolidation among Canadian insurers will boost reinsurance demand as well as kick-start cat bonds. Insurers are also looking for reinsurance as a result of onerous new solvency requirements for BC earthquake.

Latest Issue

December January 2017/2018

 

In this month's Reactions

  • Women in Insurance
  • Emerging Risks
  • China's Cyber Market
  • Mike Foley interview
  • Russell Johnston interview

CLICK HERE TO READ THE LATEST ISSUE

 

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