Reactions Home

Latest News

Oasis puts out Middle East quake model

Lloyd’s has sponsored an earthquake model focused on the Middle East, produced by CATRisk Solutions for the catastrophe risk modelling platform Oasis.

R&Q agrees new US LPT deal

Randall & Quilter's push to build its US business has seen the firm agree a loss portfolio transfer with an unnamed Fortune 500 Insurance Group.

Lightning strike claims rising

Following a period of decline, lightning claims in the US have been steadily increasing since 2013.

PIA opposes NFIP reimbursement cut

The organisation believes that any cuts to how insurers are reimbursed by the NFIP could cause an exodus from the government program.

May hailstorms hammer Allstate

May hailstorms have again hit US insurance giant Allstate hard, with the carrier suffering $403m of losses from the peril during the month.

Hamilton expands Bernhard and Davis Johnson's roles

Hamilton Insurance Group has given new responsibilities to Keith Bernhard and Wendy Davis Johnson.

JLT CM completes latest Oak Leaf Re deal

Jardine Lloyd Thompson Capital Markets has again increased the size of the annual Oak Leaf Re private placement catastrophe bond.

JLT CM places $65.1m private cat bond

Jardine Lloyd Thompson Capital Markets has completed its first Market Re private catastrophe bond of 2017.

AIRMIC: Local licences to drive Lloyd’s EM growth

Lloyd's of London must boost its local market operations to survive, the market's chief commercial officer has told Reactions.

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

June 2017

reactions-latest-issue  

In this month's Reactions

  • Brazil's D&O market
  • Broker facilities
  • BMA's Jeremy Cox
  • LatAm Awards

Click here to view this issue

 

Follow Us on Twitter @reactionsnet

Catastrophe Centre