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Reinsurance News – Thursday 9th March 2017

9th March 2017

Here’s your daily Reinsurance News for Thursday 9th March 2017: Regulatory equivalence, new trade deal are key Brexit concerns: LMG The London Market Group (LMG) has called for the UK government to ensure regulatory equivalence is maintained following Brexit, asking for a new trade deal to be secured with the EU. Read the full article

MENA re/insurers expect insurance premiums to outgrow GDP

8th March 2017

A MENA Insurance Pulse 2017 survey conducted with senior re/insurance executives operating throughout the Middle East and North Africa, reveals an optimistic outlook within industry circles with 76% of participants expecting insurance premiums to outgrow the regions GDP. This forecast comes despite increasing geopolitical instability and continued economic slowdown. The survey is ... Read the full article

Technology and getting closer to the risk key for Munich Re: Doris Höpke

8th March 2017

Doris Höpke, Munich Re’s Management Board member responsible for Special and Financial Risks, discussed notable trends in the reinsurance space, as well as strategies for negotiating the fast-changing market, in a recent interview with Höpke discussed the rise of insurtech, reinsurers increasingly moving closer to direct and primary sources of risk, ... Read the full article

PartnerRe hires Cabrera from Aon Benfield to head up Latin America

3rd March 2017

Reinsurance firm PartnerRe has hired Humberto Cabrera, coming from broker Aon Benfield,  to the role of Head of Latin America, where he will lead the reinsurers business operations in that region. Cabrera will replace PartnerRe's Interim Head of Latin America, Salvatore Orlando, who will continue in his role as Head of ... Read the full article

Morocco and Ghana to cooperate on re/insurance

22nd February 2017

The African countries of Morocco and Ghana are set to establish closer ties on insurance and reinsurance, as the paid signed a raft of agreements designed to make cooperation easier between governments and the private sector. Insurance and reinsurance feature as part of the agreements signed, of which there were 25 ... Read the full article

Swiss Re backed livestock insurance scheme to payout $2 million

21st February 2017

Swiss Re has announced the Kenyan Livestock Insurance Programme (KLIP) will be making a payout of about $2 million to 12,000 Kenyan farmers at the end of February, with index-based payments pegged to satellite measurements of data set to roll out with the average payout at $170 per household. The innovative insurance programme collects ... Read the full article

Reinsurance News – Monday 20th February 2017

20th February 2017

Here’s your daily Reinsurance News for Monday 20th February 2017: Rise in large industrial claims driving reserve surprises, suggests J.P. Morgan Analysts at J.P. Morgan have warned that a rise in large industrial claims, particularly in the U.S., could be the driver of reserve charge surprises, as seen with insurer ... Read the full article

Reinsurance News – Friday 17th February 2017

17th February 2017

Here’s your daily Reinsurance News for Friday 17th February 2017: AIG hopes to renew Swiss Re casualty quota share on better terms for 2018: Hancock CEO of insurance giant AIG, Peter Hancock, recently said that he his hopeful the firm will be able to renew its casualty quota share reinsurance arrangement ... Read the full article

Reinsurance News – Thursday 16th February 2017

16th February 2017

Here’s your daily Reinsurance News for Thursday 16th February 2017: Qatar Re promotes two to chief underwriting officer positions Reinsurer Qatar Re has announced two promotions, including Luke Roden to CUO, Short Tail Classes, and Michael van der Straaten to CUO, Long Tail & Speciality Classes. MS Amlin ... Read the full article

IAIS names Jonathan Dixon as new Secretary General

14th February 2017

The International Association of Insurance Supervisors (IAIS) has named Jonathan Dixon as the successor to long-time Secretary General Yoshihiro Kawai. Dixon will commence his new role in November this year, following the IAIS Annual Conference. Victoria Saporta, Chair of the IAIS Executive Committee, commented on the appointment; "Jonathan Dixon brings a unique ... Read the full article

Reinsurance News – Tuesday 14th February 2017

14th February 2017

Here’s your daily Reinsurance News for Tuesday 14th February 2017: Reinsurance price declines to continue into 2018, benefiting insurers Prices in the global reinsurance sector are expected to continue declining into 2018, suggesting primary insurers stand to benefit from cheaper risk capital. Watford Re’s total return from investments, ... Read the full article

Terror coverage demand set to increase in 2017: Pool Re

9th February 2017

Re/insurers could see increased demand for terror coverage across Europe in 2017, as the emerging geopolitical landscape shows the year will bring heightened and shifting terror threats. The largest provider of terrorism reinsurance cover in the UK, Pool Re, has issued a report listing the key terrorist themes for ... Read the full article

Differences in regional reinsurance ceding patterns highlighted in new data

3rd February 2017

How insurance companies cede their risk and what region the reinsurance firm it is ceded to is domiciled in has been highlighted in some new data from the International Association of Insurance Supervisors (IAIS). Globally diversifying risk is key to the success of the insurance and reinsurance markets, but patterns for ... Read the full article

Aon hires U.S. intelligence expert in Cyber role

1st February 2017

Reinsurance broker Aon Benfield has hired U.S. intelligence expert Craig Guiliano, as Technology Consultant in its Cyber division, as it looks to improve its understanding of cyber risks across the world. Guiliano joins the firm with more than 13 years of experience in conducting human and business intelligence, the assessment of cyber ... Read the full article

Reinsurance Broker Ed appoints new Underwriting CEO

1st February 2017

Reinsurance broker, Ed, has named Gary Corke, as the newly appointed Chief Executive Officer (CEO) of Underwriting. Corke, who is joining Ed from SHA Specialist Underwriters, will start his new role in February, and report to Group CEO Steve Hearn. As CEO of Ed’s Underwriting, Corke will head up the firm’s global ... Read the full article