International & Reinsurance News

Casserley to Leave Willis Towers Watson

Dominic Casserley, president and deputy CEO of Willis Towers Watson, will leave the company when his employment agreement ends on Dec. 31, 2016, the global advisory and broking company confirmed on Tuesday. Casserley took his present position in January 2016 …

Hannover Re Expects Higher Renewal Premiums in Germany; Stresses Technical Pricing at Baden Baden

E+S Rück, Hannover Re Group’s German subsidiary, expects to see premium growth in the German market for the upcoming treaty renewals on January 1, 2017. Along with motor insurance, growth will likely be driven in particular by homeowners’ comprehensive insurance, …

Review of 14 Studies Identifies Risk Factors for Kids’ Bicycle Injuries

Kids of lower socioeconomic status, those riding in rural areas, and those riding mostly on the sidewalk have higher risk of injury than others, according to a new review. Not surprisingly, injuries related to motor vehicle collisions are more severe …

Ping An Insurance Executive Says Stock Considerably Undervalued

Ping An Insurance (Group) Co., the world’s second-largest insurer by market value, is undervalued by as much as 45 percent, a senior executive at the company said. The $94 billion company, whose businesses span insurance, banking and asset management, is …

Reinsurers at Baden Baden Forum Expect P/C Insurers to Resist 2017 Price Hikes

Hurricane Matthew will have a limited impact on the years-long decline in rates for reinsurance, according to industry representatives, who predict primary insurers will push back against price increases at the start of 2017. “I expect a strong likelihood for …

P/C Tech Firm, Xceedance, Opens London Office; Davies Heads EMEA Region

Xceedance, a global provider of property/casualty insurance technology, analytics and consulting services, has established an office in London to serve the European, Middle East and Africa (EMEA) market, the company announced. Xceedance is a managed services company that partners with …

Willis Re and SpatialKey Partner to Launch European Windstorm App

Willis Re, the reinsurance division of Willis Towers Watson, has collaborated with SpatialKey Inc. to launch a new European Windstorm app. “This powerful new event response application integrates data from multiple data sources, including EuroTempest, insurance industry experts in forecasting …

Brazil Charges 21 with Homicide for Failing to Avert Samarco Mine Disaster

Brazilian prosecutors charged 21 people with qualified homicide on Thursday for their roles in the collapse of a tailings dam at the Samarco Mineração SA iron ore mine last November that killed 19 people. The charges follow what is now …

Neon Bermuda Taps Chubb’s Hunt to Become SVP, Property Insurance

Neon announced it has appointed Dwayne Hunt to the role of senior vice president – Property Insurance, in Neon’s Bermuda office. Neon said it opened a Bermuda office earlier this year to provide greater access to both the local and …

Big Data Gathered by Twitter Monitoring Could Cut Premiums – and Erode Privacy

When people take to Twitter to comment on the great evening they enjoyed with good food and wonderful friends, reducing their monthly insurance bill is probably the last thing on their mind. But such tweets could help insurers to price …

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