-
CRE Insurance
Liability insurers not meeting customer needs says leading German buyer
Liability insurers are not prepared to meet the future needs of customers, must offer more consultancy services and end the strict separation between policies covering either first-party or third-party risks,…
-
CRE Insurance
Essential service firms required to prove cyber security up to scratch as further EU rules agreed
Companies supplying essential or digital services in the EU will have to prove their cyber security is robust and likely take action to improve their ability to withstand cyber attacks…
-
Aviation
Loss making aviation market sees rates fall 25% in December
Aviation insurers suffered another loss-making year in 2015, as insurance rates continued to spiral downwards while exposures and attritional losses increased.
-
CRE Insurance
ILS market focuses on broader range of risks as capital hits new high
Non-life insurance-linked securities (ILS) capital hit a new high of $70bn in 2015 and is being used to cover a growing range of risk. There is also increased interest in…
-
CRE Insurance
AIR and RMS launch cyber standards and collaborate with market to develop transfer options
AIR Worldwide and Risk Management Solutions (RMS) have this week both launched cyber data standards in a bid to help insurance companies better understand cyber risk, manage their exposures and…
-
CRE Insurance
RSA sets up in Lloyd’s building to grow wholesale business
RSA is moving into the Lloyd's building in a bid to grow its London market wholesale business.
-
Aviation
Corporate round-up
Coface replaces CEO, JLT Re announces new fac division, Guy Carp appoints Susanne Miller as MD in Benelux and Charles Taylor adds to Middle East aviation team.
-
Europe
Time to engage with IAIS over global programmes
As Eciroa and Ferma step up the pressure on the International Association of Insurance Supervisors (IAIS) over the treatment of global programmes by supervisors, two leading global insurers explain what…
-
Europe
IAIS warns supervisors to watch insurer reserves
The insurance sector is functioning and stable, according to the International Association of Insurance Supervisors, but deficient reserving could soon be an issue.
-
Europe
Clyde & Co’s 2016 insurance predictions (part 2)
Clyde & Co's insurance experts around the globe have once again put together their predictions for 2016. Here IPN focuses on their predictions for a number of markets including China,…
-
Europe
Business interruption in focus: Allianz Claims Review 2105
Business interruption is frequently much more damaging than the cost of the actual physical loss behind it, according to a report from Allianz.
-
Good cheer in January reinsurance renewal season
Reinsurance premium rates stayed low at the important January 1 renewal date easing pressure on primary prices.
-
Europe
Tax and regulatory news
Question marks remain over G-SII concepts, IAIS gives guidance on captive oversight, Gabriel Bernardino signs new five year contract with EIOPA, Chinese supervisor worried about risky insurer investment strategy and…
-
Europe
News in brief
Global risks? It depends who you ask, Business interruption is still biggest business risk–Allianz, Low interest rates are greatest challenge for global insurers, HDI-Gerling Industrie Versicherung rebrands as HDI Global,…
-
Europe
Captive news
Bermuda registers 64 new re/insurers in 2015, South Carolina reports surge in captive registrations, Oklahoma adds 26 licences in 2015, Vermont benefits from 'redomesticatio' boost and Cayman feels heat from…
-
Europe
Reasons to be cheerful
As we move into the New Year, risk managers will be wondering what 2016 will bring in terms of the insurance markets and their insurance programmes. In general the signs…
-
Europe
Captives grow in Latin America’s green fields
Some Latin American markets, such as Colombia, are well aware of the captive concept, while others are still at the early stages of development. But though Latin America is still…
-
Europe
Bahrain market report
Bahrain's insurance market is one of the smallest in the Middle East but it is considered by many to be the most developed in the region.
-
CRE Insurance
ACE becomes Chubb and creates world’s biggest publicly traded insurer
ACE announced yesterday that it has completed its acquisition of Chubb to create the world's largest publicly traded property and casualty insurance company.
-
CRE Insurance
Zurich to poach Greco from Generali: reports
Zurich is set to name Mario Greco, head of Italian insurer Generali, as its new CEO, reports Bloomberg and Reuters following media speculation and information gleaned by Swiss newspaper SonntagsZeitung.