Swiss Re, at its annual Investors’ Day Conference, unveiled its strategic framework to “position the company strongly vis-à-vis current and future opportunities and challenges facing the re/insurance industry.” The world’s second largest reinsurer said it would stress “systematic and fast …
Zurich-based Twelve Capital is only five years old, but it, along with similar companies, has already fundamentally altered the reinsurance industry. It’s taken a remarkably short period of time for “alternative capital” to morph into “insurance linked securities (ILS),” and …
The reinsurance industry has seen more strategic restructuring within many Florida reinsurance programs in the first half of 2015, with commensurate gains for shareholders and policyholders, according to the latest Insurance Linked Securities (ILS) report from Willis Capital Markets & …
It’s around two months until the annual Reinsurance Rendezvous in Monte Carlo, where the reinsurers, brokers, carriers, lawyers, accountants and cat modelers discuss the state of their industry. That industry, until recently a rock solid bastion of the “we do …
The re/insurance industry has answered the call presented by the UN’s Disaster Risk Reduction initiative, as industry representatives gathered with others to attend the 3rd UN World Conference on Disaster Risk Reduction in Sendai, Japan. The insurers called on governments, …
Lloyd’s Chairman John Nelson is pleased with the current state of the Lloyd’s market. Shortly after Nelson was interviewed at the Reinsurance Rendezvous in Monte Carlo, Lloyd’s announced a $1.67 billion [$2.72 billion] profit for the first half of 2014. …
In the “investment banker 101 playbook” for cyclical industries the reinsurance industry has arrived at the page marked “weak pricing due to too much competition; sell M&A services to our clients,” wrote Stuart Shipperlee, Analytical Partner at London-based Litmus Analysis*. …
As detailed in Part I, the reinsurance industry faces the task of partially reinventing itself to expand in those sectors where it can achieve growth. Property catastrophe coverage isn’t off the table, but it’s now an overcrowded field. Ever more …
A bulletin from Willis Group Holdings notes the international broker’s role in providing its expertise for a new UK Government Office of Science Foresight report entitled “Reducing the Risks of Future Disasters: Priorities for Decision Makers.” “Disaster risk reduction needs …
In the past 12 years, only eight reinsurers have been declared insolvent despite paying claims of more than $150 billion from events including the World Trade Center attacks, hurricanes Rita, Wilma and Katrina, the Great Tohoku earthquake, and the Thailand …
