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French cedents reinsurance purchasing growth outpacing GPW: A.M. Best

27th March 2017

The reinsurance buying habits of the 20 largest cedents in France shows that purchasing has increased at a faster rate than gross premiums written (GPW), according to analysis from rating agency A.M. Best. According to A.M. Best the largest French cedents have "displayed stability in their purchasing of reinsurance," driven largely ... Read the full article

Cyclone Debbie likely to hit international reinsurers

27th March 2017

International re/insurers are preparing for the impact of cyclone Debbie, which is expected to hit Australia's North Queensland coast as a Category 4 storm on Tuesday morning local time, with reinsurance cover likely to cover some of the loss. Currently a Category 4 storm, cyclone Debbie is expected to make landfall between Cape Upstart ... Read the full article

One phase of London’s PPL launch brought forwards another delayed

27th March 2017

One of the phases of integration for the London market's PPL electronic trading platform has been brought forward, while another has been delayed as the existing timeframe was deemed too ambitious. Phase 1 of integration, which includes the alignment of Placing Platform Limited (PPL) technology with a market data capture initiative ... Read the full article

Reinsurance – still a largely relationship-driven business: Conning

27th March 2017

Traditional reinsurers’ market share has been shrinking over the last ten years with business being increasingly lost to captives - despite insurers ceding larger premium portions - investment firm Conning concluded in its recent study on U.S. cedants and reinsurers. The industry expert interview-based study, "Buyer Trends in Property-Casualty Reinsurance: A ... Read the full article

Time for reinsurance prices to stop falling and start rising: J.P. Morgan

27th March 2017

Munich Re's recently announced conservative and reduced profit guidance for 2017 suggests it's time for reinsurance prices to cease falling and start increasing, a trend that could be supported by the slowed entry of alternative capital and more moderated reserve releases across the industry, says J.P. Morgan. A recent note on ... Read the full article

Reinsurance News – Monday 27th March 2017

27th March 2017

Here’s your daily Reinsurance News for Monday 27th March 2017: Study suggests £4 billion Brexit impact to London reinsurance market According to Simeon Djankov, London School of Economics (LSE), Financial Markets Group Director, Brexit could result in an estimated £4 billion annual reinsurance revenue loss. Are heads still in the sand ... Read the full article

India considers allowing 100% foreign investment in insurance broking

24th March 2017

The Indian government is considering lifting the lid on foreign direct investment (FDI) in insurance broking to give its insurance sector a capitalisation boost, the new Indian Express reported. According to an official, the government’s looking at a proposal to give insurance brokers the same treatment as India's other financial services ... Read the full article

Cost of entry rising for new reinsurers: S&P

24th March 2017

For new reinsurance market entrants the cost of admission to the market is rising, as consolidation results in fewer, larger players, making the barrier to entry higher, according to Standard & Poor's. The rating agency explains that ceding companies continue to look for reinsurers who they can be confident will be ... Read the full article

Study suggests £4 billion Brexit impact to London reinsurance market

24th March 2017

As Britain prepares to release the final Article 50 trigger to kick-off EU exit negotiations and the City of London braces for the anticipated knock-on blow, London School of Economics (LSE), Financial Markets Group director, Simeon Djankov, has set ensuing annual reinsurance revenue loss estimates at £4 billion. London's finance sector ... Read the full article

Lloyd’s to announce location of EU subsidiary by end of month: Reports

24th March 2017

The specialist Lloyd's of London insurance and reinsurance marketplace is to reveal the location of its post-Brexit EU subsidiary on the same day Prime Minister Theresa May triggers Article 50, which marks the start of the official UK Brexit process, according to Sky News. The Lloyd's council is due to meet ... Read the full article

VIG Re set for expansion into Western European markets

24th March 2017

One of the leading reinsurers in the CEE region, VIG Re, has announced expansion plans with  gradual growth of its Germany business and a trajectory into new Western European markets. The firm named France, Belgium, Luxembourg and Switzerland as its next key target markets, but said its entry into these markets ... Read the full article

Reinsurance can help tackle U.S. infrastructure protection gap: Swiss Re

24th March 2017

Swiss Re outlined how both re/insurers and the U.S. economy have been feeling the weight of higher claims and business costs as poor infrastructure bogs economic growth and lessens quality of life. Low infrastructure investment translates into high economic costs as businesses, who are left to pick up the bill, gradually ... Read the full article

Guy Carpenter partners with agricultural data provider

24th March 2017

Reinsurance broker Guy Carpenter will purchase Electronic Field Records (EFRs) from farmers using Farmobile’s Data Store to develop new predictive risk models and enhance its forecasting capabilities for agriculture reinsurance. In an industry where profitability depends on accurate risk predictions, the ability to innovate for cutting edge data collection and assessment ... Read the full article

Endurance appoints cyber insurance product leader

24th March 2017

Bermuda-based insurance and reinsurance group Endurance Specialty Holdings Ltd. has named Brad Gow as its cyber insurance product leader. Gow has been with Endurance since March 2011, as a Senior Vice President with product responsibilities for the firm's Endurance Pro professional liability and cyber risk insurance businesses. As Global Cyber Product Leader for Endurance ... Read the full article

Reinsurance News – Friday 24th March 2017

24th March 2017

Here’s your daily Reinsurance News for Friday 24th March 2017: Swiss Re’s pioneering volcano model highlights multi-billion dollar exposure Swiss Re has launched a pioneering volcano model that reveals that some of the world's largest cities have up to a $30 billion exposure to the risk. Digitalisation & innovation ... Read the full article

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