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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 ...
Commercial Auto: Profitability Issues Remain, But There’s Light at the End of Tunnel
Despite insurers' best efforts to increase rates to compensate for losses, commercial auto continues to be an unprofitable line. In less than a decade, despite continued increases in premiums, two ...
Marine Insurance’s Risk Rating Revolution: Why Insurers Cannot Afford To Be Left Behind
According to container logistics company Maersk "everything that can be digitized will be digitized,"and there is no doubt that the world of shipping is currently undergoing a digital revolution. ...