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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
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