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Energy, North America, Onshore, Risk Management, Technology

Reinsurer in solar performance first

Munich Re has announced it has delivered a first for the underwriter with the agreement of a new coverage for the concentrated solar power (CSP) sector.

Broking, Europe, Life, Losses, Risk Management, Technology, Terrorism

Broker launches UK terror model

Aon Benfield has updated its UK terrorism catastrophe model in the face of a rising threat to the country.

Asia Pacific, Catastrophe, Earthquake, Flood, Losses, Risk Management, Technology, Windstorm

New China crop model launched at SIRC

The industry's first Multiple Peril Crop Insurance Model for China was released today at the 11th Singapore International Reinsurance Conference...

Asia Pacific, Catastrophe, Losses, Risk Management, Technology, Windstorm

Growing populations face impacts of climate change

A new mapping study has revealed some of the world’s fastest growing populations are increasingly at risk from the impacts of climate related natural hazards and sea level rise...

Cyber Risk, Europe, Financial Institutions, Risk Management, Technology, Terrorism

Cyber threat is growing risk managers fear

Underwriting group Kiln has launched the first policy to protect mobile phone users against losses arising from ID theft and unauthorised payments...

Broking, Lloyd's, Process Reform

Xchanging takes full control of broker initiative

Xchanging has announced is now assumed full control of Xchanging Broking Services Limited, the Enterprise Partnership it formed with Aon Limited in 2006. 

Broking, Claims, Europe

Guy Carp launch Icelandic model

GC Analytics®  Guy Carpenter’s model development team has introduced a new, fully probabilistic earthquake model for Iceland. 

Catastrophe, Europe, Retrocession

Website aims for Retro first

The Monte Carlo Rendez-vous has seen the launch of what has been claimed to be the first independent collaborative website for the retrocession market.

Energy, London

New technology and new exposures

The hunt for energy reserves in ever more remote and hostile environments is putting pressure on the market alongside the lingering issues of further international regulations and challenging liability exposures.

London, Regulation, Regulation

London told it must deliver in 2011

The Chairman of the London Market Group (LMG) has said the year ahead has to be “one of delivery” as the market seeks to fend of the challenge of rival risk centres.

Broking, Lloyd's, Market Reform, MGA, North America

AAMGA in Lloyd's process change

The powerful Association of Managing General Agents (AAMGA) said it believes that there will be a new system in place by the end of the year which will speed up and streamline the information its members provide to Lloyd’s.

Broking, Lloyd's, London

Successful visit for intern winners to Lime Street

Two members of the Houston broking community have returned to Texas after a fortnight getting a truly hands on experience of how the Lloyd’s insurance market operates.

Liability, Lloyd's, London, Terrorism

Insurers warned on synthetic DNA science risk

Lloyd’s has warned that the industry need to be invited to play a significant role in the global debate over the use of synthetic biology.

Aviation, London, Risk Management

Galactic adventure will fall to aviation market

As Sir Richard Branson brought commercial space travel one significant step closer this week insurers are still debating the insurance implications.

Broking, London, Market Reform, Risk Management

London spells out modernisation strategy for 2010

The chairman of the London Market Group (LMG) Barnabas Hurst-Bannister, has announced the group’s strategy for the year ahead telling the market’s senior figures failure to continue the modernisation already underway would leave London lagging behind its international rivals.

IUMI, London, Marine

IUMI to open its doors to “partner” members.

The International Union of Marine Insurance (IUMI) is to widen its membership following a decision to establish a new class that will be known as IPP (IUMI Professional Partners) but it does not include brokers and intermediaries.

Broking, London, Market Reform, Renewals

Big three broker pledge exchange support

When he addressed the Insurance Institute of London in September Lloyd’s CEO Richard Ward said brokers would drive process reform in the market adding he was hunting down the final one of the “big three” to come on board for the market’s Exchange.

Catastrophe, North America, Rates, Risk Management

Underwriters warned not to let the cat out of the bag by model reliance

The insurance industry will never look to brig catastrophe modelling in house as the huge investment needed to build cat models would make it uneconomic and provide a significant barrier to new entrants.

Broking, Lloyd's, London

Ward calls for market to endorse exchange

Lloyd’s Chief Executive Richard Ward has called on the market to drive the development of the Lloyd’s Exchange as it seeks to push the use of technology in the world’s oldest insurance market

Financial Institutions, London

New launch for Russell group

Russell Group is delighted to announce the launch of a new market intelligence service which aims to provide news, analysis and thought leadership in equal measure.

Brokers, Claims, Cyber Risk, Liability, London, Losses

Acts of Man replace Acts of God as major business risk warns insurer

From CEOs to famous footballers the actions and words of a business celebrity is having a profound effect on its success.

Facultative, Financial Institutions, London

ALPS FI in London launch

Russell Group launched the latest of its ALPS Portfolio management systems which will serve the financial institutions market.

Bermuda, Broking, Market Reform, Regulation

XL Re and Aon Benfield in ACORD over transaction scheme

XL Re, the global reinsurance operations of XL Group and Aon Benfield today announced that XL Re XL’s Bermuda-domiciled reinsurance subsidiary has teamed up with Aon Benfield to become the first local reinsurer to successfully implement automated accounts and cash transactions using ACORD messaging standards.

London, Market Reform, Regulation, Results

Market calm despite Xchanging’s woes

The London market has remained fairly stoic amid the media storm which has hit the company which is entrusted with its back office processing and is a core stakeholder in its drive for market reform.

Financial Institutions, London, Results

London told it must deliver in 2011

The Chairman of the London Market Group (LMG) has said the year ahead has to be “one of delivery” as the market seeks to fend of the challenge of rival risk centres.

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