Hints and tips:
...Brokers and underwriters gathered this week in Lloyd’s of London’s historic underwriting room to celebrate the Queen’s platinum jubilee, twice ringing the Lutine bell — a symbol of the insurance market’s...
...The underwriter was dismissed....
...Tokio Marine investors have chafed at a lack of detail regarding reinsurance arrangements and what exactly the BCC policies covered....
...The insurer also said its potential exposure to the supply-chain finance group was limited because a significant proportion of its Greensill-related risk was covered by reinsurance....
...The underwriter was dismissed. Tokio Marine has declined to comment on its exposure to Greensill....
...“I’d love to get the company back to being the underwriter that basically sets the standards in our industry.”...
...After floods devastated Thailand in 2011, for instance, he moved into the market as other underwriters retreated....
...Berkshire is a powerhouse in reinsurance and consumer policies – including through the car underwriter Geico – but until recently it has avoided the type of big ticket property and casualty cover that AIG...
...Immediately after the Brexit vote, there was an assumption that most insurers would decamp to Dublin where there is already a thriving reinsurance industry....
...Profits in reinsurance come from underwriting and from investments. Problem one: the reinsurance newcomers are not particularly good underwriters....
...XL has agreed to buy smaller UK-listed rival Catlin for £2.8bn and RenaissanceRe struck a deal in November to purchase Bermuda-based rival Platinum Underwriters for $2bn....
...Other recent deals include XL’s purchase of UK-listed Catlin for £2.8bn, Endurance’s acquisition of Montpelier Re for $1.8bn, and RenaissanceRe’s deal to buy Platinum Underwriters for $2bn....
...Examples include XL’s purchase of UK-listed Catlin for £2.8bn, Endurance’s acquisition of Montpelier Re for $1.8bn and RenaissanceRe’s deal to buy Platinum Underwriters for $2bn....
...Recent tie-ups include XL and Catlin Group; RenaissanceRe and Platinum Underwriters; and Partner Re and Axis Capital. There are worse places to conduct due diligence than Bermuda....
...It follows XL’s agreement this month to buy smaller UK-listed rival Catlin for £2.8bn and RenaissanceRe’s deal in November to purchase Bermuda-based rival Platinum Underwriters for $2bn....
...Intense competition has pushed premiums in important areas of reinsurance to their lowest levels in years, encouraging underwriters to consolidate....
...Intense competition has depressed premiums in important lines of business, such as catastrophe reinsurance, encouraging underwriters to consolidate....
...Last month RenaissanceRe agreed to acquire fellow Bermuda-based reinsurer Platinum Underwriters for about $1.9bn....
...Berkshire’s reinsurance operation, among the world’s largest, has a reputation for opportunism and taking on risks that other underwriters eschew....
...“Many reinsurance underwriters are also going into 2015 with reduced budgets, which helps them resist overly aggressive pricing and terms and conditions,” Willis Re added....
...She would join Lloyd’s at a crucial juncture for the specialist insurance and reinsurance market, whose underwriters are facing a competitive threat from alternatives to traditional coverage, such as catastrophe...
...While a flood of money pours into reinsurance as investors such as pension funds snap up catastrophe bonds, the way in which the primary insurance industry is funded is also changing....
...This month Sandy Weill, creator of the vast Citigroup empire that became the biggest US bank casualty in the crisis, popped up as chairman of the new Bermudan reinsurance group Hamilton....
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