Reinsurers at Baden Baden Forum Expect P/C Insurers to Resist 2017 Price Hikes October 24, 2016 By Oliver Suess Hurricane Matthew will have a limited impact on the years-long decline in rates for reinsurance, according to industry representatives, who...
EU Needs Pan-European Pension Product to Cut Complexity, Costs: Regulator October 19, 2016 By Oliver Suess The European Union needs a common pension product because existing long-term savings offerings are too complex and costly, the region’s...
AIR Estimates Hurricane Matthew Insured Losses at $8.8 Billion October 13, 2016 By Oliver Suess Hurricane Matthew, which devastated parts of the Caribbean before battering the U.S. East Coast, may cost insurers as much as...
To Cut Costs, Reinsurers Should Lower Brokers’ Fees, Says Lloyd’s Chairman September 15, 2016 By Oliver Suess and Jan-Henrik Foerster Reinsurers, forced to cut prices for four years in a row, should target brokers’ fees as the industry seeks to...
Big Reinsurers Pin Profit Hopes on Tailoring Coverages to Specific Risks September 14, 2016 By Oliver Suess and Jan-Henrik Foerster In a world of increasing automation and standardization, Europe’s big reinsurers are betting that a more personal touch can reverse...
Axis CEO Says Acquisition Still in Play Despite Striking Out on PartnerRe September 12, 2016 By Oliver Suess and Jan-Henrik Foerster Axis Capital Holdings Ltd., the reinsurer seeking to grow its business after losing a bidding war for PartnerRe, is looking...
Soft Prices May Bring Reinsurer Losses when Typical Cat Levels Return: Execs August 23, 2016 By Oliver Suess and Jan-Henrik Förster It won’t take another Hurricane Katrina for reinsurers to face losses from covering the cost of storms and earthquakes. Competitors...
Allianz, AXA Bid for Rights to Sell Products via StanChart Outlets in Asia: Sources August 18, 2016 By Joyce Koh, Komaki Ito and Oliver Suess Allianz SE, Europe’s biggest insurer, and France’s AXA SA were among first-round bidders for the rights to distribute general insurance...
Munich Re Q2 Profits Beat Expectations, Aid Claims and Restructuring Costs August 9, 2016 By Oliver Suess Munich Re, the world’s second-biggest reinsurer, reported second-quarter profit that beat analysts’ expectations as gains from currencies and investments cushioned...
Allianz Q2 Profit Drops 46% on Nat Cat Claims, Expected Sale of South Korea Unit August 5, 2016 By Oliver Suess Allianz SE said second-quarter profit almost halved, missing estimates, as Europe’s biggest insurer faced higher claims from natural disasters and...