Underwriters, brokers and buyers will already be filling up their diaries ready for the reinsurance market’s annual Rendez-Vous in Monte Carlo in September. The frantic whirl of meetings, lunches and dinners traditionally sets the tone for the crucial end-of-year renewal season.
As insurers try to escape from the “slow grind downwards in terms of yield”, they have sought out a more diverse range of assets, including those with limited liquidity that would previously not have found their way into portfolios, Bob Swarup, co-founder of the Insurance Investment Exchange, told the audience at the recent Insurance Investment Exchange seminar in London.
Insurers’ long, weary quest to find yield shows no signs of abating, according to the audience survey results from the recent Insurance Investment Exchange seminar on 13th June 2017.
By Douglas Shillito This week, Swiss Re’s 2017 SONAR report examined the top emerging risks the re/insurance industry and society are facing. Marsh and Airmic launched a new paper examining the major obstacles that can impede the expeditious resolution of large or complex property damage insurance claims, and a Gallagher-sponsored survey of large UK companies […]
The insurance industry finds itself united with the rest of the country in apprehension and concern at the prospect of months of uncertainty following last week’s unexpectedly inconclusive General Election result.
The fallout from Brexit has plunged Europe’s financial regulators into a bitter battle to maintain their independence.
Mutuality in the insurance sector in the UK is seen as something of a minority pursuit after successive waves of demutualisation swept across the sector in the 1980s and 1990s.
At the turn of the year, many feared the worse when surveying the crowded landscape of geo-political hazards dotted across 2017.
David Worsfold Most insurers and their investment teams might feel that a period of regulatory calm is in order after the implementation of Solvency II at the beginning of last year. Unfortunately, regulators have different ideas. European insurers are already limbering up for the battles with the European Insurance and Occupational Pensions Authority over its […]
David Worsfold The dark clouds of the shock reduction in the discount rate which is used by the courts in England and Wales to calculate personal injury damages awards – the Ogden rate – are set to deepen further. The cut in the rate in February from the 2.5% it was set at in 2001 […]
European insurers were not happy in the middle of last year when the European Insurance and Occupational Pensions Authority (EIOPA) launched its first major stress tests of the continent’s life insurers for two years and the first since the formal start of the Solvency II regime.
After over a decade of preparation, meticulous debate and not a few false starts, Solvency II was finally enacted 15 months ago, ready to be transformed into a broader rolling agenda around financial stability.