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Steering Clear of the Cedent Insolvency ‘Fatberg’
I started working in the London reinsurance market in 1978. Forty years' later, after a journey through various roles to running my own business today, I've seen many insurers and reinsurers come and ...
Former Guy Carpenter Chairman Newhouse Discusses His Career Changing Events
Everybody has career-changing events and life-changing events—and sometimes, as with the case of Britt Newhouse, events from those two worlds collide. Newhouse, the former chairman of reinsurance ...
Insurers Increasingly Seek Legacy Transfers to Shed Long-Tail Liabilities
Several recent reserve cover deals—including the single-largest reinsurance transaction on record—demonstrate a growing interest on the part of insurers to shed their long-tail liabilities. A ...
Extraordinary Re’s Extraordinary Idea
Imagine there's a way for institutional investors to trade insurance risks much like they trade stocks. Well, imagine no more. A new and unique reinsurer, Extraordinary Re, has hit upon the novel ...
Reinsurance a Train Wreck; Brokers and Carriers Need to Bring Value Together, Berkley Says
W. Robert Berkley, Jr., the CEO of W.R. Berkley Corp., is not one to mince words about perceived missteps in the property/casualty insurance industry. A recent assessment of the P/C reinsurance ...
Catastrophe Bonds A to Z
A reader of this publication, the president of an insurance agency, recently wrote to say he kept hearing about catastrophe bonds but had little knowledge of what they were. He was curious if these ...
Agent and Insurance Carriers: The Changing Nature of Their Relationship in a Customer-Centric World
Auto insurance shoppers are placing a greater importance on having more services provided to them today versus five years ago, underscoring the fact that shoppers are increasingly demanding more ...
Insurers’ Big Data Plans Could Fail If They Don’t Get Basics Right: Mair of Atticus DQPro
Artificial intelligence? Machine learning? Thinking big is great, but before insurers begin to pursue such advanced big data projects, they must not lose sight of the fundamentals. They must first ...