Risk Appetite Statements Driving Shift in Reinsurance Buying Decisions: Willis Re March 22, 2016 By L.S. Howard The rising adoption of formal risk appetite statements is having a dramatic effect on reinsurance buying decisions, with purchasing power...
Zurich Insurance’s Ex-CEO Senn Received Remuneration of $6.3M in 2015 March 4, 2016 By L.S. Howard Zurich Insurance paid Martin Senn, its former CEO, 6.1 million Swiss francs ($6.3 million) during 2015, down from 7.2 million...
Capital Adequacy Is Key Strength of Reinsurers in Difficult Market: S&P February 22, 2016 By L.S. Howard Strength of capital and good enterprise risk management are two of the main reasons the global reinsurance industry will be...
‘Brexit’ Will Create Real ‘Risks & Uncertainties’ for Lloyd’s & London Market February 11, 2016 By L.S. Howard A UK exit from the European Union will create a “rarely experienced” level of uncertainty for Lloyd’s, the London market...
UK’s PI Insurance Sector Expected to Grow by Almost 6% Annually: Report August 27, 2015 By L.S. Howard The professional indemnity and directors & officers insurance sector has grown constantly since 2012 and is expected to continue the...
UK’s Towergate Contributes to £20M ($30.9M) Gallagher Lawsuit Settlement August 26, 2015 By L.S. Howard The lawsuit filed by Arthur J. Gallagher against the former CEO of its international brokerage operation, David Ross, who defected...
A.M. Best Places 2 Chinese Insurers’ Ratings Under Review After Tianjin Blast August 20, 2015 By L.S. Howard As a result of losses resulting from the recent explosions at Tianjin port, A.M. Best has placed under review with...
S&P: ILS Investors Could Get Burned as Covered Perils Expand, Terms Widen August 19, 2015 By L.S. Howard The catastrophe bond market will continue to grow by 10 to 20 percent per year, driven in part by the...
Public-Private Catastrophe Scheme in UK Would Help Mitigate Cyber-9/11: Study July 31, 2015 By L.S. Howard A public-private, cyber-catastrophe reinsurance arrangement would improve the UK’s resilience against the growing threat of cyber risks in this interconnected...
ILS Products Are Changing Reinsurance Industry Norms: ‘Acts of God’ Author July 1, 2015 By L.S. Howard Second of two articles In the first article in this series, Paula Jarzabkowski, professor of Strategic Management at Cass Business...