Lloyd’s of London reported the largest first half loss in its 323 year history yesterday, Sept. 21 – £697 million, or over $1 billion. However, Lloyd’s Chief Financial Officer, Luke Savage, was relatively calm when he spoke with the IJ …
Cooper Gay Swett & Crawford (CGSC) is the largest independent (i.e. privately owned by its employees and private equity funds) global wholesale and reinsurance broker. Over 1,400 professionals work in some 60 offices on four continents. “In this globalized world …
“Models are never done – they’re evolutionary,” said EQECAT’s president Bill Keogh in an interview at the Reinsurance Rendezvous in Monte Carlo. EQECAT’s latest updates were released on July 15. They covered its North Atlantic hurricane model, its Canada earthquake …
“We need information that can only be gained directly from our clients,” said Hans-Joachim Guenther, Chief Underwriting officer of Endurance Specialty Holdings for Europe and the Asia-Pacific region. In an interview at the Reinsurance Rendezvous he gave some of the …
Generally speaking the reinsurance industry is in good shape, certainly better than it was in 2008 and 2009, when even mighty Swiss Re needed a bailout from Berkshire Hathaway. A combination of improved models and a greater understanding as to …
Standard & Poor’s Ratings Services has removed both Transatlantic Holdings and Allied World Assurance Co. Holdings AG from its CreditWatch Positive, where they were placed on June 13, following the announcement of their merger agreement. S&P’s long-term counterparty credit rating …
You could hold it in New York, or London, or practically anywhere, but it wouldn’t be the same. The annual Reinsurance Rendezvous in Monte Carlo, which translates as Charles’ Hill, in Monaco is a unique event. It brings together not …
As the Reinsurance Rendezvous in Monaco enters its second day, it has become apparent that most of the world’s global reinsurers are more than adequately capitalized. In conferences held on September 11 both A.M. Best and Standard & Poor’s described …
“Most of the events cancelled were due to the police being need elsewhere,” said Simon Lyons, contingency underwriter at London-based Sportscover Europe Ltd. He explained that football (soccer) matches, unlike most concerts and other special events, normally require a contingent …
Standard & Poor’s hit back at criticism over the credit rating agencies’ role in the euro zone debt crisis on Thursday, with its German operations head saying rating agencies would lose credibility if they “kept silent”. “We risk our credibility …
