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Innovative index re/insurance scheme launches at Davos
27th January 2017
A micro-insurance and index-insurance scheme has been launched at the World Economic Forum in Davos by Imperial academics who claim it will save the food supply chain billions of dollars per year and create large-scale demand for risk transfer to re/insurance. The scheme, WINnERS project, consists of an infrastructure that gives the most ... Read the full article
Re/insurance saves up to four times its equivalent in emergency response: UN
24th January 2017
Re/insurance has proven to save as much as four times its equivalent in traditional disaster response, according to a report by the UN Under-Secretary-General for Humanitarian affairs and Chair of Insurance Development Forum, Stephen O’Brien, and the Executive Deputy Chairman XL Group and Chair of Insurance Development Forum, Stephen Catlin. Data from a ... Read the full article
Reinsurance News – Monday 23rd January 2017
23rd January 2017
Here’s your daily Reinsurance News for Monday 23rd January 2017: Swiss Re gets India reinsurance branch license Reinsurance giant Swiss Re has announced that it will open its new branch in India effective February 1st, 2017, after receiving final approval from the regulator. The reinsurer has also announced that Kalpana Sampat ... Read the full article
Swiss Re names Daftari as Country Manager, Germany in Corporate Solutions
16th January 2017
Reinsurance giant Swiss Re has named Bijan Daftari as Country Manager for Germany in its direct commercial and corporate insurance unit Swiss Re Corporate Solutions. In the role of Country Manager in Swiss Re Corporate Solutions, Daftari will be expected to take responsibility for strategy, development and performance of the firm's ... Read the full article
Business Interruption remains top on list of threats; Allianz
11th January 2017
Business Interruption (BI), exacerbated by the growing threat from supplier failure, cyber incidents and terrorist events, remains the top perceived global insurance risk, according to a survey by Allianz Global Corporate & Specialty (AGCS). After a year of shocks and political perils, companies greatly fear the rising protectionism and anti-globalisation trend, ... Read the full article
Reinsurance News – Wednesday 11th January 2017
11th January 2017
Here’s your daily Reinsurance News for Wednesday 11th January 2017: Intense market competition pushes reinsurers towards M&A: A.M. Best International ratings agency A.M. Best has said that continued intense competition in the reinsurance industry is pushing companies closer to M&A activity. Hurricane Matthew claims up 10% to ... Read the full article
Reinsurance News – Friday 6th January 2017
6th January 2017
Here’s your daily Reinsurance News for Friday 6th January 2017: Reinsurance price declines moderated at 1/1 2017 renewals: Guy Carpenter Reinsurance price declines moderated at the key January 1st 2017 renewals, when compared with the previous three years, across most business lines, according to reinsurance broker Guy Carpenter. Read the full article
Reinsurance News – Thursday 5th January 2017
5th January 2017
Here’s your daily Reinsurance News for Thursday 5th January 2017: Nat cat losses in 2016 at four year high: Munich Re According to reinsurance giant Munich Re, insured natural catastrophe losses during 2016 totalled $50 billion, the highest of the last four years. Indian brokers call for rethink ... Read the full article
Swiss Re Corporate Solutions appoints new head of MENA
4th January 2017
Swiss Re Corporate Solutions, the corporate insurance arm of the global reinsurance firm, has appointed Falk Schmaler as its new Head of Middle East and North Africa (MENA). In his Dubai-based role, Mr. Schmaler will head-up the company’s business strategy and market presence in the MENA region. Tony Buckle, Swiss Re Corporate ... Read the full article
Reinsurance News – Tuesday 27th December 2016
27th December 2016
Here’s your daily Reinsurance News for Tuesday 27th December 2016: If tested re/insurance fundamentals could deteriorate: A.M. Best The potential for risk accumulation has never been greater for insurers and reinsurers, and with market pressures expected to persist, A.M. Best warns that industry fundamentals could start to weaken. IRDAI ... Read the full article
Reinsurance News – Wednesday 21st December 2016
21st December 2016
Here’s your daily Reinsurance News for Wednesday 21st December 2016: FEMA’s 2017 NFIP flood reinsurance purchase underway The U.S. Federal Emergency Management Agency (FEMA) has started its procurement process for a 2017 flood reinsurance program for the NFIP. Reinsurer Brexit planning to accelerate in 2017 Insurance and reinsurance companies across ... Read the full article
Reinsurance News – Monday 19th December 2016
19th December 2016
Here’s your daily Reinsurance News for Monday 19th December 2016: Fairfax Financial buying Allied World for $4.9bn Canadian P&C insurer and reinsurer Fairfax Financial Holdings is to acquire Allied World Assurance Company Holdings for $4.9 billion in cash, after the two entered into a merger agreement. Global reinsurers to ... Read the full article
Reinsurance News – Thursday 15th December 2016
15th December 2016
Here’s your daily Reinsurance News for Thursday 15th December 2016: Reinsurance rates to fall at 1/1, tailored solutions an opportunity: RBC European reinsurers are expected to witness further rate declines at the key January 1st 2017 renewal season, but may find opportunities for better returns in tailored solutions, says RBC ... Read the full article
Guy Carpenter appoints Nash to lead new International division
13th December 2016
Reinsurance broking group Guy Carpenter has announced the appointment of long-time employee James Nash to the role of President, in a newly created International division, subject to regulatory approval. Nash, who has been with Guy Carpenter since 1985 and currently leads its Asia Pacific operations, will head up a unit covering ... Read the full article
Reinsurance News – Thursday 1st December 2016
1st December 2016
Here’s your daily Reinsurance News for Thursday 1st December 2016: NZ quake to cost re/insurers up to NZ$5bn, business interruption key New Zealand's Reserve Bank has said that the recent magnitude 7.8 earthquake that struck the Kaikoura area of New Zealand could result in an insurance and reinsurance bill of as ... Read the full article
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