Global multi-line property casualty insurance and reinsurance firm ACE Limited wants to be at the forefront, taking a leadership role, as the use of capital evolves in the changing reinsurance marketplace, Chairman and CEO
First-half 2015 insurance and reinsurance company registrations in Guernsey show that the domicile continues to have success in attracting collateralised reinsurance, ILS and longevity risk transfer related protected and incorporated cell business. The new licenses were given to six limited companies, two Protected Cell Companies (PCCs), 30 PCC cells, one Incorporated Cell Company (ICC), two ICC cells and four life policy cells. Powered by Google Translate.
As the 2015/16 El Niño event intensifies there is an expectation that global economic losses from drought will surpass the previous forecasts of $8 billion, suggesting a growing toll for crop insurance, reinsurance and any ILS
RBC notes; “Reinsurers already have substantial operations in emerging markets (the definition varies by company), and actually write more of their non-life business in emerging markets than their primary European peers.” Despite already RBC expanded on the emerging market opportunities; “Although many commentators focus on the under-insurance of catastrophe losses Worldwide, we believe that this understates the potential global opportunity.” Adding
However, while it positively bolsters the sector's capital base in some lines and regions, underserved regions of the globe would greatly benefit from its deployment into innovative, effective and new product lines. It's also the reason that partnerships between established ILS players and traditional insurance and reinsurance companies are expected to increase, as ILS can leverage the depth of underwriting and analytical knowledge Powered by Google Translate.
The host of market pressures in the global insurance and reinsurance market, exacerbated by market consolidation, ample capacity and impending Solvency II requirements, presents a challenging and uncertain future for
Global insurance industry catastrophe losses for the first-half of 2015 are some 56% less than the 10-year average ($27 billion) at $12 billion, and insured losses from the U.S. contributed 67%, or roughly $8 billion of the total,
The global risk landscape is changing at a rapid pace, driven by a gradual but apparent shift in economic power from the Western world to parts of Africa, Latin America and most notably parts of Asia. In response to this, international organisations including the United Nations, the Geneva Association, the World Bank and a host of global insurers, reinsurers, ILS players and risk management firms have stepped up their efforts in developing structures and risk capital
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