August 2016/5

Insured losses from the earthquake that struck central Italy last week (24 August) are expected to be limited, with low insurance penetration and government funding restricting (re)insurers' exposure

While much of Ajit Jain's assessment of the change needed at Gen Re was focused on revamping underwriting approaches to target growth, he also addressed how a restructure could create a more entrepreneurial environment

A picture is beginning to form of how Gen Re will attempt to transform under Ajit Jain and Kara Raiguel's leadership to regain ground lost in a challenging reinsurance marketplace

Lloyd's (re)insurer Ascot is heading for a $900mn+ deal with the Canada Pension Plan Investment Board (CPPIB) that will mark yet another point in the journey of long-term, lower-return money into the industry

European reinsurers have lodged formal complaints with the Insurance Regulatory and Development Authority of India (Irdai) over new guidelines that they claim have hindered their ability to compete in the country

Sompo Canopius has become the latest Lloyd's carrier to sign up to write all of the pillars of multi-class facility Willis Global 360 (G360), The Insurance Insider can reveal

Tokio Marine HCC (TMHCC) has hired a duo of surety underwriting executives from Chubb and added to its established presence in the space with the launch of a new Boston area office, The Insurance Insider can reveal

"No man is an island, entire of itself; every man is a piece of the continent, a part of the main."

Ajit Jain is set to drive growth at Gen Re as he looks to transform its underleveraged underwriting model and arrest a relative decline in market share against the European reinsurance giants