News
Risk managers seek answers on internal models
Aviva risk director José Morago to chair IRM forum
JP Morgan to manage Resolution Life’s funds
Will help manage investment strategy and $12bn fixed income portfolio
Reinsurers show solid underwriting gains
But outlook for reinsurance sector is negative, says Fitch report
Morningstar and UBS Delta to offer Solvency II capital calculations
Market risk SCR figures will provide insights on asset allocation
R&Q exploring "exit products" for ILS investors
Legacy acquisition strategies shifting
Hodges to leave LGIM
Martin Reeves assumes responsibility for the Dynamic Bond Trust
Willis adds two to capital markets unit
PRA issues statement on deferred tax assets under SII
RSA restructuring continues
PRA issues data collection timetable
David Brown joins KPMG from Direct Line
RMS(one) adds five model partners
Internal models falling out of favour
View fire in broader risk management perspective
New cat modelling systems portend changes to underwriting
Chile earthquake and tsunami model launched
Allianz plans more equity and infrastructure investments
Derivatives used for hedging by two out of three life insurers
Analysis
Annuity changes put corporate bonds under pressure
Revisions to the UK’s legislation around annuities is causing insurers to rethink investment strategies. Hardeep Dhillon examines the impact on sterling capital markets and demand for assets
Infrastructure assets retain appeal for insurers
Even if recent pension reforms result in falling demand for annuities in the UK, an increasingly competitive insurance market is likely to sustain the demand for high-yielding assets like infrastructure projects, say Michael Wilkins and Oliver Herbert
Insurers “going backwards” on pillar 3 readiness
The Ernst & Young (EY) Solvency II preparedness survey is one of the most comprehensive yardsticks of how ready insurers are for the new regime. This year's poll shows firms making progress in most areas - except pillar 3. Christopher Cundy reports.
The UK pensions bombshell: opportunities among the wreckage?
The UK annuities market is undergoing a dramatic change as the rules on retirement products are rewritten. In this article, Christopher Cundy looks at five major implications for products and strategy
Gen Re's Tad Montross: why we need Solvency III
Solvency II has focused too much on modelling and should be revisited, says Gen Re CEO Tad Montross. He tells Sarfraz Thind about "model mania", risk culture and how to run a reinsurer in a chronically soft market
Emerging risks survey reveals "post-crisis" thinking
This year's poll of North American risk managers shows a shift in concern away from the economic crisis and towards issues such as regulatory change and cyber risk. Christopher Cundy speaks to its author, Max Rudolph
Reinterpreting the role of the CRO
Despite the growing presence of chief risk officers (CROs) in the senior management teams of European insurers the industry is a long way from a common view of the role, and universally deriving value from it, say Mike Wilkinson and Patricia Mackenzie.