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Increased Q4 cat losses hit Endurance

Bermudian re/insurer Endurance saw its operating profit more than half in 2016's fourth quarter after being hit by almost $60m of catastrophe claims during the period.

Third Point Re hit with Q4 2016 loss

Bermudian re/insurer Third Point Re was hit by both an underwriting and investment loss in the fourth quarter of 2016.

Third Point Re CEO Berger to step down

Third Point Re founder John Berger is stepping down as CEO at the beginning of March when he will be replaced by president and chief operating officer Robert Bredahl.

Perils puts €212m loss estimate on cyclone Egon

The re/insurance data firm has produced its initial insured loss estimate for extra-tropical cyclone Egon which struck France and Germany in January.

Investments push Greenlight Re into the black

Greenlight Re's investment income pushed the Cayman Islands-based business into the black come the end of 2016 despite the firm posting an underwriting loss for the year.

TransRe results boosted by prior year development

Alleghany subsidiary TransRe saw its 2016 underwriting profit fall owing to a rise in catastrophe claims, although favourable prior year reserve development helped to partly offset the impact.

US growth helps Scor P&C grow GPW

French reinsurer Scor saw its global property and casualty business increase its gross premiums written during the fourth quarter of 2016, in part because of expansion in the US.

Carnegie-Brown new Lloyd's chairman

Moneysupermarket.com Group chairman Bruce Carnegie-Brown will become Lloyd's of London's new chairman in June.

Ironshore raises terror capacity to $400m

Ironshore has become the latest firm to beef up its terror offerings, following several high-profile attacks over the past few years.

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

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.

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.

Latest Issue

February 2017

reactions-sep  

In this month's Reactions

  • Race to reinsure India
  • The Polar Code
  • ILS market evolution
  • January renewals

Click here to view this issue

 

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