Reinsurance at Crossroads As New Factors Sweep Away Old Habits January 23, 2014 By Charles E. Boyle Part I – The Market in the Developed Economies A significant number of reinsurance treaties were renewed this month, heavily...
Zurich Considering Deal to Resolve Panama Canal Dispute January 22, 2014 By Lomi Kriel and Sonya Dowsett The Panama Canal Authority (PCA), a Spanish-led consortium, and Zurich Insurance have come up with a possible financing deal to...
Allianz Re CEO Ahmed Sees No Rebound in 2014 Reinsurance Rates January 22, 2014 By Oliver Suess Property and casualty reinsurance rates, which fell in seven of the last 10 years, probably won’t rebound in 2014, the...
Willis Launches Global Human Capital & Benefits Practice January 22, 2014 Willis Group Holdings announced that it is creating a new global Human Capital & Benefits (HCB) Practice to be led...
S&P Reinsurance Report Warns of ‘Negative Rating Actions’ January 22, 2014 Standard & Poor’s latest report – “Past The Tipping Point: Competition And Soft Pricing Could Lead To Rating Pressure For...
Global Situation is Creating a New ‘Lost Generation’: David Cole-Swiss Re January 21, 2014 By Charles E. Boyle “Many Young people today face an uphill battle,” said David Cole, Swiss Re’s Group Chief Risk Officer and a member...
Arctic Ocean to Get ‘Polar Code’ Shipping Rules; Will Lower Insurance Costs January 21, 2014 By Balazs Koranyi New shipping rules are soon to be agreed for the Arctic. Summer sea ice has shrunk by about two-thirds over...
Endava Appoints Fegan to Lead its Insurance Division January 21, 2014 International IT services company Endava has appointed experienced London market practitioner Kelly Fegan to lead the company’s insurance team with...
Magnitude 6.2 Quake Strikes New Zealand’s North Island: AIR Analysis January 21, 2014 Catastrophe modeling firm AIR Worldwide, reported: “At 9:52 p.m. Eastern Time, on January 19 (3:52 p.m., local time, January 20),...
Somali Pirates Driven Off in First Attack of 2014 January 21, 2014 A bulletin from Dryad Maritime Intelligence confirms the first piracy attack of 2014, which it described as “audacious and determined,”...