Articles by Charles E. Boyle

Lloyd’s Focuses on Brokers, MGA’s, Capital in New Details for ‘Vision 2025’ Plan

Lloyd’s has published a more detailed strategy for 2014-2016, setting out how it will work towards achieving its goals, embodied in its “Vision 2025” Plan, which details “how the Corporation will support managing agents, brokers and capital providers in an …

3rd IPCC Report: Greenhouse Gas Emissions Accelerate Despite Reduction Efforts

The latest in a series of reports from the Intergovernmental Panel on Climate Change (IPCC) unfortunately confirms that “global emissions of greenhouse gases have risen to unprecedented levels despite a growing number of policies to reduce climate change. Emissions grew …

Impact Forecasting to Launch Combined Chile Quake/Tsunami Cat Model

Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, announced the launch of a Chile earthquake model that also incorporates tsunami risks, the first such model to do so. The  launch is timely in view of the catastrophic …

Catlin Establishes General Aviation Consortium at Lloyd’s Asia

The Catlin Group Limited (CGL) announced from its Singapore, office the formation of the General Aviation Consortium at Lloyd’s Asia to write General Aviation insurance and reinsurance risks based in the Asia-Pacific and Middle East regions, as of April 1, …

Torus CEO Dermot O’Donohoe on the Insurer’s Future Prospects

When Torus Insurance was founded by first Reserve, headed by Clive Tobin in 2008, the worst effects of the financial crisis were just beginning to bite, but they bit pretty hard. The company, although well run, and successful in some …

April Renewals Confirm Reinsurance Rates Continue to Fall: Willis Re Chairman

“Reinsurance rates began to fall last year,” said Willis Re’s Chairman James Vickers in a telephone interview. The January renewals “saw more reductions, and this has continued in April.” Vickers outlined three principle reasons: 1) 2013 was a benign year …

Catlin’s Comments on IPCC Report Stress Need to Minimize Risks

The Bermuda-based Catlin Group Limited has issued a statement following the release of the latest report by the Intergovernmental Panel on Climate Change (IPCC), a scientific intergovernmental body under the auspices of the United Nations. The organization’s Fifth Report on …

Complex Situation Occludes Details on Loss of Malaysian Airlines Flight MH370

Very few details have been released by the re/insurance industry related to the missing Malaysian Airlines flight MH370, which has caused some minor confusion as to the re/insurers providing coverage for claims. The confusion is primarily the result of the …

Sunderland Marine Members Vote for Merger with North of England P&I Club

UK-based P&I Club Sunderland Marine (SMMI) announced that its members “voted strongly in favor” of the proposed merger with North of England P&I Club at an Extraordinary General Meeting held on January 28, 2014. The bulletin noted that North of …

Reinsurance at Crossroads As New Factors Sweep Away Old Habits

Part I – The Market in the Developed Economies A significant number of reinsurance treaties were renewed this month, heavily concentrated in property catastrophe coverage. It’s become apparent, however, that this market, for a number of reasons, has seen changes …