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Sompo completes Endurance acquisition

The Japanese insurance giant has completed its purchase of Endurance through a Bermudian subsidiary.

Novae agrees quota deal with Fidelis

The deal will see Novae cede 50% of its North American property catastrophe reinsurance book to Fidelis.

OIL to return $250m to members

Oil Insurance Ltd is handing back $250m to its members after the energy industry mutual posted net profit of $210.4m in 2016.

ANALYSIS: Nat cat insured losses rise in 2016

Swiss Re’s latest Sigma report finds Japanese earthquakes produced the largest losses of the year, although numerous countries struggled with underinsurance.

ANALYSIS: Oil rails remain underinsured

As trains carrying volatile substances cross the New York landscape, the state makes another plea to the Federal government which may end up falling on deaf ears.

LeStrange steps down as Orchid chairman

Steven Carlsen takes over from LeStrange as Brad Emmons is handed the role of chief executive.

Acappella promotes reinsurance duo

Acappella Syndicate 2014 has promoted Jim Quinn and Matthew Bellamy to new positions.

New York sees potential NFIP hit

NFIP premiums in the state could rise significantly if new flood maps are put into place and subsidies lowered.

Non-modelled urban risks a major issue, says Lloyd’s

Shifting risks to cities means that businesses can increasingly lose money even if they are not directly impacted by a catastrophe.

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

March 2017

reactions-sep  

In this month's Reactions

  • Tony Markel
  • Rising Stars
  • CIO focus
  • Greenberg settlement

Click here to view this issue

 

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