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Montalvo: 2016 more credible for Solvency II
2016 is now a far more realistic and desirable new start date for the new Solvency II regime, said Carlos Montalvo, the executive director of European insurance supervisor the European Insurance and Occupational Pensions Authority (Eiopa).
22 October 2012
Reinsurers must embrace volatility: Swiss Re CEO
Michel Liès, the Luxembourgian who has led a resurgent Swiss Re since becoming group CEO in January 2012, has said reinsurers must accept volatility not only as a reality but as being at the very heart of the reinsurance offering.
22 October 2012
Ace bets on Mexico with $865mn swoop
Ace Ltd has made its second significant Mexican acquisition in little over a month by agreeing to purchase Mexican personal lines insurer ABA Seguros from Ally Financial for approximately $865mn in cash, the company announced.
22 October 2012
Reith withdraws from Antares sale process
Former Ascot CEO Martin Reith has withdrawn from the corporate process around Antares, leaving Dane Douetil and ANV as the last men standing, The Insurance Insider can reveal.
22 October 2012
Industry ‘too dependent’ on third-party models
The reinsurance industry's over-reliance on third-party vendor models to price catastrophe risk could create similar problems as those suffered by the asset-backed securities market during the financial crisis, warned Validus Re CEO Kean Driscoll.
22 October 2012
Xchanging relaunches with Xuber banner
London and international technology and services provider Xchanging has re-launched its insurance software business under the Xuber brand.
22 October 2012
News digest
Aegis targets London short-tail marine market; Travelers $167mn boost; Follow the Hofmeister; RLI beats; Willis replaces; Zurich dips; Swiss Re new board members; Platinum sparkles; ING sell-off continues; AGCS hire; RFIB complies; Torus move; Price move; Brown & Brown retreats; Quinn avoids; BB&T flat; Systemically important; Meadowbrook profits warning; EMC crop losses offset by lower cats; Rethinking equities
22 October 2012
Reinsurers 'too dependent' on third-party models
The reinsurance industry's over-reliance on third-party vendor models to price catastrophe risk could create similar problems as those suffered by the asset-backed securities market during the financial crisis, warned Validus Re CEO Kean Driscoll
22 October 2012
Baden-Baden Insider: Day One
For anyone who has studied the ebbs and flows of the global (re)insurance market for the past 20 years, the news that Generali is to centralise outwards reinsurance spending at its Trieste headquarters should come as no surprise
22 October 2012
There’s nothing artificial about volatility
Is it true that we as an industry are always looking for someone or something to blame, some way of rationalising whatever misfortune that befalls us, rather than taking full responsibility for our own actions?
22 October 2012
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