Of Special Interest

6th September 2015

Newslink Trends: Weekly Global Insurance Analysis
Trend

This week, the insurance markets were slowly getting back into the swing after the July/August vacation period. With the Monte Carlo Rendezvous next weekend in mind, Lloyd's published its City Risk Index analysing GDP exposure of 301 major cities globally through 18 man-made and catastrophe threats over a 10 year period. A report from the Lloyd's Market Association(LMA) warned that some Lloyd's casualty reinsurers might be in danger of repeating past mistakes, whilst Standard & Poor's also indicated that some reinsurers could face a drop in underwriting profitability through an increase in natural catastrophe exposure. The Association of British Insurers(ABI) reported on payments made in the first three months of new pension freedoms.
EIOPA released a progress report on Solvency II equivalence for Bermuda, and Insurance Europe, in publishing industry figures for 2014, highlighted the potential impact of Solvency II on insurance long-term investments.
QuanTemplate, an insurance analytics specialist, announced significant equity funding and the appointment of two new senior directors. UK telematics company, The Floow, is to partner with Agero, a US leading supplier of vehicle and driver safety, security, and information services, and Modus chose Kewill's MessageBroker communication solution.
Mapre and Bankinter moved for Barclays life and pension book in Portugal, and Ageas is to sell its Hong Kong Life business. PartnerRe was named by Forbes magazine as America's Most Trustworthy Financial Company, and Qatar Re is to redomicile to Bermuda, but maintain a branch in Qatar. XL Catlin restructured its E&S casualty business in the US on geographical lines. Charles Taylor, Fosun, Helvetia, and Trust Re all announced stronger interim results. Argo appointed a cro, Markel added to its underwriting team in Dubai, SCOR announced a coo, and Nexus Underwriting indicated growth intentions with senior management appointments. Sue Langley was appointed non-executive chairman of Arthur J. Gallagher Holdings(UK), and Geoff Riddell was named as a non-executive director of Pool Re.
Articles on the above topics are included in those added to the Insurance Newslink and Financial Newslink global database service on Wednesday and today at www.onlystrategic.com