Reinsurance Brokers, Underwriters, Property, Casualty, Life

News

Abir elects Hamilton Insurance CEO Pina Albo as deputy chair

Convex Group has also joined the Bermuda re/insurance association

Run-off specialist Darag purchases closed reinsurer of African risk

Deal marks Darag's first entry to UK market

Reinsurance remains challenge for Australia to adopt IFRS 17

Non-life insurers concerned by additional data requirements

B3i blockchain group appoints Carolin as permanent CEO

John Carolin had been serving as interim CEO since March

UK insurers shocked by change to Ogden rate

Personal injury discount rate raised to just -0.25%

Canada's reinsurance proposals could triple capital requirements

GFIA warns of "enormous unintended consequences" from regulatory reforms

Swiss Re pulls plug on ReAssure IPO

The Swiss reinsurer said weak investor demand had led to the IPO suspension

Pool Re secures £40m non-damage business interruption retro cover

Programme should help strategy to normalise insurance markets, says UK's terrorism risk pool

New Zealand regulator admits failure over CBL supervision

CBL's reserving and management issues should have been addressed more urgently, RBNZ says

ILS markets 'under stress' warns Willis Re

Natural catastrophes in 2017 and 2018 are reshaping the reinsurance market

Analysis

NAIC forum: technology, data science and Brexit

The NAIC's international meeting this month proved a lively affair. Beyond the regulatory dissection, participants had a lot to say on issues ranging from technology to Brexit. Sarfraz Thind reports

Lloyd’s culture risks sabotaging its transformation plan

Lloyd’s “bold new strategy” to transform the 330-year-old insurance market by targeting efficiency and technology innovation could fall flat because of a lack of talent, the timeline for execution and the challenge of appeasing different stakeholders. Ronan McCaughey explains

Decoding IFRS 17 from an investment perspective

Efforts by the International Accounting Standards Board (IASB) to clarify the definition of investment components within an insurance contract have been welcomed by some stakeholders. However, others argue a new proposal from the board could spark confusion. Cintia Cheong explains

Getting IFRS 17 ready for lift off

Despite the recent efforts by the IASB in proposing several changes to ease the implementation of IFRS 17, the new accounting standard for insurance contracts, some in the industry believe more needs to be done. Cintia Cheong rounds up the latest developments on IFRS 17 and the outstanding issues until its launch

A shake-up of Australian earthquake modelling

David Walker finds that much has changed in the risk models used to assess the country's seismic hazard - and in the mentality of the modellers themselves

IFRS 17 Conference: what have we learned?

The upcoming accounting standard for insurance contracts poses several challenges to the industry ranging from skills shortages to stakeholder engagement. On 27 February, experts convened at InsuranceERM's IFRS 17 Conference in London to discuss their approach to successful implementation. Cintia Cheong summarises the findings