Posted On: 08/03/2014 3:33:15 PM
Post# of 273257
Swiss Re (SSREF) 85.7000 $SSREF
Reinsurance in the UK, Key Trends and Opportunities to 2018
M2 - Wed Jul 23, 8:18AM CDT
Research and Markets (http://www.researchandmarkets.com/research/lrv47g/reinsurance_in) has announced the addition of the "Reinsurance in the UK, Key Trends and Opportunities to 2018" report to their offering. The UK reinsurance segment grew at a review-period (2009-2013) compound annual growth rate (CAGR) of 0.7%. The treaty reinsurance category accounted for 55.0% of the total reinsurance written premium in 2013, followed by the facultative reinsurance category with the remaining 45.0%. Growth in the segment was mainly due to the changes in the regulator, government-sponsored infrastructure projects, and a rise in insurance frauds and claims, as more insurers are expected to take up reinsurance to cover claims. Growth was supported by the reinsurance ceded for large infrastructure projects and natural disaster protection. The segment's written premium value is subsequently projected to post a forecast-period (2013-2018) CAGR of 1.1%. Scope - It provides historical values for the UK's reinsurance segment for the report's 2009-2013 review period and forecast figures for the 2013-2018 forecast period. - It offers a detailed analysis of the key sub-segments in the UK's reinsurance segment, along with market forecasts until 2018. - It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in the UK and its growth prospects. Key Highlights - The UK's reinsurance segment grew at a review-period CAGR of 0.7%. - The country's insurance industry is the largest in Europe and the third-largest in the world, accounting 6.3% of the global gross written premium in 2012. - Growth in the reinsurance segment was mainly due to changes in the regulator, government-sponsored infrastructure projects, and a rise in insurance frauds and claims. - The UK reinsurance segment is one of the most developed and fastest-recovering segments in Europe. Companies Mentioned - Allianz Global Reinsurance - Hannover Re Group - Lloyd's - Munich Reinsurance Co. (Munich Re) - Partner Reinsurance Ltd - SCOR Global Life Reinsurance UK Ltd - Swiss Reinsurance Company UK Ltd (Swiss Re) For more information visit http://www.researchandmarkets.com/research/lr...surance_in
A.M. BestTV: Urban Tornadoes; First Quarter Profits; Change at FM Global
Business Wire - Fri Jul 18, 11:18AM CDT
In this episode of A.M.BestTV, Megan Linkin of Swiss Reinsurance Company Limited (Swiss Re) assesses the potential impact of a major tornado striking Chicago, IL. Additionally, a new report from A.M. Best summarizes first-quarter 2014 profits in light of severe winter weather, and in this same episode, Shivan Subramaniam, FM Global Group's president and CEO, prepares to step aside. Linkin, Swiss Re's National Hazards Expert, stated, "If an EF-5 tornado should hit Downtown Chicago, it would cost the insurance industry $10-$20 billion the equivalent of the area being hit by a major hurricane, and although the insurance industry would be able to absorb the cost, the loss potential is staggering." Linkin also encourages not only the industry, but state and local governments in tornado-prone areas, to prepare for the possibility of an EF-5 tornado striking their area.
A.M. BestTV: Global Regulators Update Capital Plan; Life Sales Sag
Business Wire - Fri Jul 11, 2:02PM CDT
In this episode of A.M.BestTV, the International Association of Insurance Supervisors (IAIS) draws criticism after seeking an August 2014 deadline for comment on their updated capital requirements plan. Kurt Karl, chief economist of Swiss Reinsurance Company Limited (Swiss Re), details the state of world insurance growth. InsurBanc's President and CEO, David Tralka, outlines the coming wave of Baby Boomer led agency sales.
Birlasoft and Swiss Re Win 18th Annual Outsourcing Excellence Awards
PR Newswire - Tue Jun 17, 4:24AM CDT
Winner of 'Best Communication' category for creating best-in-class customer engagement
Prudential Financial names Mark Finkelstein as SVP and head of Investor Relations
M2 - Wed Jun 04, 4:22AM CDT
Financial services company Prudential Financial Inc (NYSE
RU) named Mark Finkelstein as a senior vice president (SVP) today, who will also succeed as head of Investor Relations later this year, after the retirement of Eric Durant and a transition process.
Mark Finkelstein Joins Prudential Financial
Business Wire - Tue Jun 03, 3:07PM CDT
Prudential Financial, Inc. (NYSE RU) announced today that Mark Finkelstein will join the company as a senior vice president, and will assume the position of head of Investor Relations, later this year, following a transition process. He will succeed Eric Durant, who will retire at a later date.
Using a BearingPoint Solution, Swiss Re is already prepared for Solvency II reporting
PRWeb - Tue May 27, 6:04PM CDT
Swiss Re has implemented BearingPoint's ABACUS/Solvency II reporting solution. This software package enables full reporting according to the new European Solvency II directives. The EU-based subsidiaries of the Swiss reinsurer are already prepared for the new reporting regime, which comes into force on January 1, 2016; accordingly, Swiss Re is considered a forerunner in compliant regulatory reporting. ABACUS/Solvency II will be used in all business units of Swiss Re that are required to report in accordance with Solvency II regulation.
Reinsurance in Slovenia, Key Trends and Opportunities to 2017
M2 - Wed May 21, 5:48AM CDT
Research and Markets (http://www.researchandmarkets.com/research/bsqtv3/reinsurance_in) has announced the addition of the "Reinsurance in Slovenia, Key Trends and Opportunities to 2017" report to their offering. The written premium of the Slovenian reinsurance segment increased at a review-period CAGR of 2.7%. Facultative reinsurance was the leading type in Slovenia, supported by insurers' high risk awareness and risk-management techniques. Over the forecast period, with demand for reinsurance high, insurers are expected to cede premiums to both foreign and domestic reinsurers. In addition, as Solvency II directives are expected to be implemented in 2016, the increased capital adequacy requirements are further expected to support demand for reinsurance in Slovenia. Over the forecast period, the reinsurance segment is projected to post a forecast-period CAGR of 4.9%. This report provides a comprehensive analysis of the reinsurance segment in Slovenia: - It provides historical values for Slovenia's reinsurance segment for the report's 2008-2012 review period and projected figures for the 2012-2017 forecast period. - It offers a detailed analysis of the key sub-segments in Slovenia's reinsurance segment, along with market forecasts until 2017. - It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Slovenia and its growth prospects. Reasons To Buy - Make strategic business decisions using in depth historic and forecast market data related to the Slovenian reinsurance segment and each sector within it - Understand the demand-side dynamics, key market trends and growth opportunities within the Slovenian reinsurance segment - Identify the growth opportunities and market dynamics within key product categories - Gain insights into key regulations governing the Slovenian insurance industry and its impact on companies and the market's future Key Topics Covered: 1 Executive Summary 2 Introduction 3 Slovenian Insurance Industry Attractiveness 4 Reinsurance Growth Dynamics and Challenges 5 Key Industry Trends and Drivers 6 Competitive Landscape and Strategic Insights 7 Business Environment and Country Risk 8 Appendix Companies Mentioned: - Hannover Re - Sava Re - Swiss Re - Triglav Re For more information visit http://www.researchandmarkets.com/research/bs...surance_in
Jacques Aigrain Joins Warburg Pincus As Senior Advisor
PR Newswire Europe - Mon Mar 17, 3:01AM CDT
Warburg Pincus, a leading global private equity firm focused on growth investing, today announced the appointment of Jacques Aigrain as a Senior Advisor. Mr. Aigrain, who will be based in the firm's London office, will support the firm in the identification and evaluation of new investments, particularly in the European financial services sector, and provide strategic counsel across the firm's global portfolio.
A.M. BestTV: View from Washington; Winter Wave Proves Costly to Insurers
Business Wire - Fri Mar 14, 10:40AM CDT
In this episode of A.M. BestTV, a pair of Swiss Re executives discuss the 2014 winter storms, which began with the polar vortex disruption, that have caused steep insured losses. William Donnell, president of U.S. property/casualty at Swiss Re, discusses the types of losses the industry has seen past obvious property damage, including business interruption from travel disruptions. Greg Schiffer, chief property underwriter in North America at Swiss Re, said the losses have been exacerbated by broadened reinsurance terms and conditions. Historically, most winter storms were confined to events lasting 72 hours on excess of loss contracts. However, some agreements were changed at this year's January renewals to push the "hours clause" to an unlimited number of hours. Additionally, David Robinson, a professor in the Department of Geography at Rutgers University and who also serves as New Jersey's State Climatologist, discusses how the polar vortex disruption causes cold outbreaks in the United States. Click on http://www.ambest.com/v.asp?v=winter314 to view the program.
Market Research - Reinsurance in Denmark, Key Trends and Opportunities to 2017
M2 - Thu Mar 13, 4:54AM CDT
Research and Markets (http://www.researchandmarkets.com/research/m9d3ng/reinsurance_in) has announced the addition of the "Reinsurance in Denmark, Key Trends and Opportunities to 2017" report to their offering. The Danish reinsurance segment is small, and insurers operating in Denmark cede a low percentage of their premium to reinsurers. The percentage of reinsurance ceded varies between 0.5% and 5.7%, depending on the segment. The occurrence of natural disasters increased the insurer's dependence on reinsurers during the review period. The segment registered a compound annual growth rate (CAGR) of 16.9% during the review period (2008-2012). This report provides a comprehensive analysis of the reinsurance segment in Denmark: - It provides historical values for Denmark's reinsurance segment for the report's 2008-2012 review period and forecast figures for the 2012-2017 forecast period. - It offers a detailed analysis of the key sub-segments in Denmark's reinsurance segment, along with market forecasts until 2017. - It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Denmark and its growth prospects. Key Highlights: - During the review period, the premium ceded to reinsurance by Danish direct insurers increased in the personal accident and health insurance segment - The reinsurance segment's written premium increased at a CAGR of 16.9% during the review period - The reinsurance segment was led by facultative reinsurance during the review period, which accounted for 62.7% of the segment's written premium in 2012 - The Danish reinsurance segment contains both domestic and foreign reinsurers Key Topics Covered: Executive Summary Introduction Danish Insurance Industry Attractiveness Key Industry Trends and Drivers Competitive Landscape and Strategic Insights Business Environment and Country Risk Appendix Companies Mentioned - Aspen Re - Arch Re - Swiss Re Denmark Reinsurance A/S For more information visit http://www.researchandmarkets.com/research/m9...surance_in About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
A.M. BestTV: The Week Ahead; Longer Lifespans May Bring a Heavy Cost
Business Wire - Mon Mar 10, 9:38AM CDT
In this episode of A.M. BestTV, insurance industry executives discuss how longevity risk presents an opportunity to the insurance industry if it's able to handle all the risk. George Graziani, a senior vice president at Swiss Re, called the amount of longevity risk "epic" as the average life expectancy increases. Longevity risk is the financial risk that an individual or a group or individuals will outlive their savings, and the U.S. Department of Health and Human Services estimates that the percentage of Americans 65 and older will rise to 19% of the total U.S. population in 2030, from 13% in 2009. Graziani said the insurance industry is the logical home for the risk, because the life insurance industry can help offset the risk. Asha Attoh-Okine, managing senior financial analyst of insurance-linked securities at A.M. Best Co., said that to some extent, the capital markets would likely need to come into play, predominantly through longevity bonds. Click on http://www.ambest.com/v.asp?v=longevity314 to view the program.
Personal Accident and Health Insurance in Luxembourg, Key Trends and Opportunities to 2017
M2 - Wed Mar 05, 2:13AM CST
Research and Markets (http://www.researchandmarkets.com/research/b263pb/personal_accident) has announced the addition of the "Personal Accident and Health Insurance in Luxembourg, Key Trends and Opportunities to 2017" report to their offering. Luxembourg has one of the most comprehensive healthcare systems in the world. It offers virtually unrestricted access to its population. Luxembourg is also ranked amongst the leading ten countries in the world, in terms of per capita healthcare expenditure. Government-funded free basic healthcare is provided to every citizen. The total health spending, as a percentage of GDP (gross domestic product), was about 7.8% in 2012. The Caisse Nationale de Sant? (National Health Fund) collects funds for the 97.0% of the population that, as of 2012, was covered by public health insurance in 2012. However, private health insurance services act as a supplement to state health insurance. Private insurance is mainly for medical expenses outside Luxembourg, as well as dental and optical care, which are not covered by the state health insurance. Pressure on government finances and increasing awareness of health insurance due to rising life expectancy will continue to support the demand for personal accident and health insurance products over the forecast period (2012-2017). The report provides in-depth market analysis, information and insights into the Luxembourg personal accident and health insurance segment, including Key Highlights - The healthcare system in Luxembourg is one of the most developed in Europe. Compulsory government-funded free basic healthcare is provided to citizens. - Around 97.0% of the population was covered by the public health insurance in 2012. - Health insurance was the dominant category in the personal accident and health segment during the review period, accounting for 61.9% of the total written premium value in 2012 - The share of the commission earned by brokers increased steadily from 66.6% in 2008 to 67.5% in 2012. - In Luxembourg, the personal accident and health segment is highly concentrated, with the 10 leading companies representing 98.1% of the segment's gross written premium in 2012. Key Topics Covered: Executive Summary Introduction Personal Accident and Health Insurance Segment Outlook Analysis by Distribution Channels Reinsurance Growth Dynamics and Challenges Governance, Risk and Compliance Competitive Landscape and Strategic Insights Business Environment and Country Risk Appendix List of Tables List of Figures Companies Mentioned - AIG Europe Ltd - Arisa Assurances - Axa Assurances Luxembourg - DKV Luxembourg - Foyer Assurances - Foyer Sant? - Globality - La Luxembourgeoise - P&V Assurances - Swiss Re International For more information visit http://www.researchandmarkets.com/research/b2...l_accident About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Non-Life Insurance in Luxembourg, Key Trends and Opportunities to 2017 Report
M2 - Tue Mar 04, 5:44AM CST
Research and Markets (http://www.researchandmarkets.com/research/t2n763/nonlife) has announced the addition of the "Non-Life Insurance in Luxembourg, Key Trends and Opportunities to 2017" report to their offering. Luxembourg is amongst the world's most developed economies, and has the highest domestic per capita income. The global financial and eurozone debt crises affected the country's financial sector during the review period. In 2009, a decline of 4.1% at current prices was recorded in GDP, but the economy recovered to expand by 2.9% in 2010 and 1.7% in 2011. Marred by troubles in other eurozone economies, GDP growth moderated to 0.3% in 2012 and a stable housing and automobile industry supported growth in the non-life segment. The segment posted a compound annual growth rate (CAGR) of 2.3% during the review period. The segment is highly competitive, with 42 operational insurers - 31 domestic and 11 foreign - as of 2012. The Commissariat aux Assurances (CA) is the regulator of Luxembourg's insurance industry. The report provides in-depth market analysis, information and insights into the Luxembourg non-life insurance segment, including: - The Luxembourg non-life insurance segment's growth prospects by non-life insurance categories - Key trends and drivers for the non-life insurance segment - The various distribution channels in the Luxembourg non-life insurance segment - The detailed competitive landscape in the non-life insurance segment in Luxembourg - Detailed regulatory policies of the Luxembourg insurance industry - A description of the non-life reinsurance segment in Luxembourg - Porter's Five Forces analysis of the non-life insurance segment This report provides a comprehensive analysis of the non-life insurance segment in Luxembourg: - It provides historical values for Luxembourg's non-life insurance segment for the report's 2008-2012 review period and projected figures for the 2012-2017 forecast period. - It offers a detailed analysis of the key categiories in Luxembourg's non-life insurance segment, along with market forecasts until 2017. - It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions. - It analyses the various distribution channels for non-life insurance products in Luxembourg. - Using Porter's industry-standard Five Forces analysis, it details the competitive landscape in Luxembourg for the non-life insurance segment. - It provides a detailed analysis of the reinsurance segment in Luxembourg and its growth prospects. - It profiles the top non-life insurance companies in Luxembourg and outlines the key regulations affecting them. Companies Mentioned - Arisa Assurances - Axa Assurances Luxembourg - Baloise Assurances Luxembourg - Camca Assurance - Foyer Assurances - La Luxembourgeoise - Swiss Re International - Telefonica Insurance - The Ship-Owners Mutual Protection and Indemnity Association - The West of England Ship-Owners Mutual Insurance Association For more information visit http://www.researchandmarkets.com/research/t2n763/nonlife About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Best's Rating Notification - Continental General Insurance Company
Rating Division - AMBest - Fri Feb 21, 2:35PM CST
A.M. Best Company has made the following rating update:
A.M. Best Affirms Ratings of Swiss Reinsurance Company Ltd and Its European Affiliates
Business Wire - Fri Jan 31, 9:30AM CST
A.M. Best Europe - Rating Services Limited has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of "aa-" of Swiss Reinsurance Company Ltd (Switzerland), European Reinsurance Company of Zurich Ltd (Switzerland), Swiss Re Europe S.A. (Luxembourg), Swiss Re International SE (Luxembourg) and Swiss Re Corporate Solutions Ltd (Switzerland). At the same time, A.M. Best has affirmed the related debt ratings of Swiss Reinsurance Company Ltd and subsidiaries. (See link below for a detailed list of debt ratings). The outlook for all ratings is stable.
A.M. Best Affirms Ratings of Swiss Reinsurance Company Ltd and Swiss Re Corporate Solutions Ltd's U.S. Subsidiaries
Business Wire - Fri Jan 31, 9:30AM CST
A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of "aa-" of the U.S. property/casualty subsidiaries of Swiss Reinsurance Company Ltd (Swiss Re) and Swiss Re Corporate Solutions Ltd (Swiss Re Corp) (both domiciled in Switzerland). A.M. Best also has affirmed the FSR of A+ (Superior) and ICR of "aa-" of Swiss Re's U.S. life/health subsidiary, Swiss Re Life & Health America Inc. (SRLHA) (Armonk, NY). The outlook for all ratings is stable. (Please see link below for a detailed listing of the companies and ratings.)
A.M. BestTV: Insurance Executives Promote Green Investments, Climate-Proofing Cities at UN Summit
Business Wire - Mon Jan 20, 11:36AM CST
In this episode of A.M. BestTV, insurance executives at the 2014 Investor Summit on Climate Risk at the United Nations discuss opportunities they believe are worth seizing in the areas of making cities climate-proof, along with green investments. J. Eric Smith, president and CEO of Swiss Re Americas, discusses how making urban areas more resilient intersects with climate change. "As the climate changes and as more and more people move to cities, our population and our businesses are more exposed to weather-related catastrophes." Cecilia Reyes, chief investment officer at Zurich Financial Services Group, said the company's responsible investment strategy is about generating competitive financial returns and positive societal impact. "Responsible investing is all about Zurich doing well, and doing good, at the same time," Reyes said. Zurich's strategy includes green bonds, which finance environmentally friendly projects. Reyes said they are a strategic component of Zurich's allocations to fixed-income assets. Click on http://www.ambest.com/v.asp?v=climate114 to view the video program.
Reinsurance in Italy, Key Trends and Opportunities to 2017 Research Report
M2 - Wed Jan 08, 3:33AM CST
Research and Markets (http://www.researchandmarkets.com/research/sbqnr3/reinsurance_in) has announced the addition of the "Reinsurance in Italy, Key Trends and Opportunities to 2017" report to their offering. The Italian reinsurance segment declined at a compound annual growth rate (CAGR) of 3.0% during the review period (2008- 2012), from EUR1.4 billion (US$2.0 billion) in 2008 to EUR1.2 billion (US$1.6 billion) in 2012. This was mainly due to persistent weak economic conditions and the absence of any compulsory natural disaster-related insurance. The treaty reinsurance category accounted for 85.9% of the segment's total written premium, while the facultative reinsurance category accounted for 14.1%. The reinsurance segment is mostly dominated by foreign insurers. The report provides in depth market analysis, information and insights into the Italian reinsurance segment, including: - The Italian reinsurance segment's growth prospects by reinsurance categories - Key trends and drivers for the reinsurance segment - The Italian reinsurance segment's growth prospects by reinsurance ceded from direct insurance segments - The competitive landscape in the Italian reinsurance segment Key Highlights - The Italian reinsurance segment posted a CAGR of -3.0% during the review period. The primary application of reinsurance in Italy is to manage exposure to natural disasters - During the review period, two major earthquakes - L'Aquila in April 2009 and Emilia Romagna in May 2012 - claimed hundreds of lives and destroyed properties - In the absence of obligatory insurance for natural disasters, the Italian government covers the majority of losses, spending an annual average of EUR4.5 billion (US$5.8 billion). - In the absence of any domestic reinsurance company, the segment is dominated by multinational reinsurers such as Swiss Re, Munich Re and SCOR - The treaty reinsurance category accounted for 85.9% of the reinsurance premiums generated in 2012, while the facultative reinsurance category accounted for the remaining 14.1% Key Topics Covered: 1 Executive Summary 2 Introduction 3 Italian Insurance Industry Attractiveness 4 Key Industry Trends and Drivers 5 Competitive Landscape and Strategic Insights 6 Business Environment and Country Risk 7 Appendix List of Tables List of Figures Companies Mentioned - Hannover Re Services Italy Srl - Muenchener Rueck Italia SpA - SCOR Italia Riassicurazioni SpA - Swiss Re Italia SpA For more information visit http://www.researchandmarkets.com/research/sb...surance_in About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Reinsurance in the UK, Key Trends and Opportunities to 2018
M2 - Wed Jul 23, 8:18AM CDT
Research and Markets (http://www.researchandmarkets.com/research/lrv47g/reinsurance_in) has announced the addition of the "Reinsurance in the UK, Key Trends and Opportunities to 2018" report to their offering. The UK reinsurance segment grew at a review-period (2009-2013) compound annual growth rate (CAGR) of 0.7%. The treaty reinsurance category accounted for 55.0% of the total reinsurance written premium in 2013, followed by the facultative reinsurance category with the remaining 45.0%. Growth in the segment was mainly due to the changes in the regulator, government-sponsored infrastructure projects, and a rise in insurance frauds and claims, as more insurers are expected to take up reinsurance to cover claims. Growth was supported by the reinsurance ceded for large infrastructure projects and natural disaster protection. The segment's written premium value is subsequently projected to post a forecast-period (2013-2018) CAGR of 1.1%. Scope - It provides historical values for the UK's reinsurance segment for the report's 2009-2013 review period and forecast figures for the 2013-2018 forecast period. - It offers a detailed analysis of the key sub-segments in the UK's reinsurance segment, along with market forecasts until 2018. - It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in the UK and its growth prospects. Key Highlights - The UK's reinsurance segment grew at a review-period CAGR of 0.7%. - The country's insurance industry is the largest in Europe and the third-largest in the world, accounting 6.3% of the global gross written premium in 2012. - Growth in the reinsurance segment was mainly due to changes in the regulator, government-sponsored infrastructure projects, and a rise in insurance frauds and claims. - The UK reinsurance segment is one of the most developed and fastest-recovering segments in Europe. Companies Mentioned - Allianz Global Reinsurance - Hannover Re Group - Lloyd's - Munich Reinsurance Co. (Munich Re) - Partner Reinsurance Ltd - SCOR Global Life Reinsurance UK Ltd - Swiss Reinsurance Company UK Ltd (Swiss Re) For more information visit http://www.researchandmarkets.com/research/lr...surance_in
A.M. BestTV: Urban Tornadoes; First Quarter Profits; Change at FM Global
Business Wire - Fri Jul 18, 11:18AM CDT
In this episode of A.M.BestTV, Megan Linkin of Swiss Reinsurance Company Limited (Swiss Re) assesses the potential impact of a major tornado striking Chicago, IL. Additionally, a new report from A.M. Best summarizes first-quarter 2014 profits in light of severe winter weather, and in this same episode, Shivan Subramaniam, FM Global Group's president and CEO, prepares to step aside. Linkin, Swiss Re's National Hazards Expert, stated, "If an EF-5 tornado should hit Downtown Chicago, it would cost the insurance industry $10-$20 billion the equivalent of the area being hit by a major hurricane, and although the insurance industry would be able to absorb the cost, the loss potential is staggering." Linkin also encourages not only the industry, but state and local governments in tornado-prone areas, to prepare for the possibility of an EF-5 tornado striking their area.
A.M. BestTV: Global Regulators Update Capital Plan; Life Sales Sag
Business Wire - Fri Jul 11, 2:02PM CDT
In this episode of A.M.BestTV, the International Association of Insurance Supervisors (IAIS) draws criticism after seeking an August 2014 deadline for comment on their updated capital requirements plan. Kurt Karl, chief economist of Swiss Reinsurance Company Limited (Swiss Re), details the state of world insurance growth. InsurBanc's President and CEO, David Tralka, outlines the coming wave of Baby Boomer led agency sales.
Birlasoft and Swiss Re Win 18th Annual Outsourcing Excellence Awards
PR Newswire - Tue Jun 17, 4:24AM CDT
Winner of 'Best Communication' category for creating best-in-class customer engagement
Prudential Financial names Mark Finkelstein as SVP and head of Investor Relations
M2 - Wed Jun 04, 4:22AM CDT
Financial services company Prudential Financial Inc (NYSE
RU) named Mark Finkelstein as a senior vice president (SVP) today, who will also succeed as head of Investor Relations later this year, after the retirement of Eric Durant and a transition process. Mark Finkelstein Joins Prudential Financial
Business Wire - Tue Jun 03, 3:07PM CDT
Prudential Financial, Inc. (NYSE
RU) announced today that Mark Finkelstein will join the company as a senior vice president, and will assume the position of head of Investor Relations, later this year, following a transition process. He will succeed Eric Durant, who will retire at a later date. Using a BearingPoint Solution, Swiss Re is already prepared for Solvency II reporting
PRWeb - Tue May 27, 6:04PM CDT
Swiss Re has implemented BearingPoint's ABACUS/Solvency II reporting solution. This software package enables full reporting according to the new European Solvency II directives. The EU-based subsidiaries of the Swiss reinsurer are already prepared for the new reporting regime, which comes into force on January 1, 2016; accordingly, Swiss Re is considered a forerunner in compliant regulatory reporting. ABACUS/Solvency II will be used in all business units of Swiss Re that are required to report in accordance with Solvency II regulation.
Reinsurance in Slovenia, Key Trends and Opportunities to 2017
M2 - Wed May 21, 5:48AM CDT
Research and Markets (http://www.researchandmarkets.com/research/bsqtv3/reinsurance_in) has announced the addition of the "Reinsurance in Slovenia, Key Trends and Opportunities to 2017" report to their offering. The written premium of the Slovenian reinsurance segment increased at a review-period CAGR of 2.7%. Facultative reinsurance was the leading type in Slovenia, supported by insurers' high risk awareness and risk-management techniques. Over the forecast period, with demand for reinsurance high, insurers are expected to cede premiums to both foreign and domestic reinsurers. In addition, as Solvency II directives are expected to be implemented in 2016, the increased capital adequacy requirements are further expected to support demand for reinsurance in Slovenia. Over the forecast period, the reinsurance segment is projected to post a forecast-period CAGR of 4.9%. This report provides a comprehensive analysis of the reinsurance segment in Slovenia: - It provides historical values for Slovenia's reinsurance segment for the report's 2008-2012 review period and projected figures for the 2012-2017 forecast period. - It offers a detailed analysis of the key sub-segments in Slovenia's reinsurance segment, along with market forecasts until 2017. - It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Slovenia and its growth prospects. Reasons To Buy - Make strategic business decisions using in depth historic and forecast market data related to the Slovenian reinsurance segment and each sector within it - Understand the demand-side dynamics, key market trends and growth opportunities within the Slovenian reinsurance segment - Identify the growth opportunities and market dynamics within key product categories - Gain insights into key regulations governing the Slovenian insurance industry and its impact on companies and the market's future Key Topics Covered: 1 Executive Summary 2 Introduction 3 Slovenian Insurance Industry Attractiveness 4 Reinsurance Growth Dynamics and Challenges 5 Key Industry Trends and Drivers 6 Competitive Landscape and Strategic Insights 7 Business Environment and Country Risk 8 Appendix Companies Mentioned: - Hannover Re - Sava Re - Swiss Re - Triglav Re For more information visit http://www.researchandmarkets.com/research/bs...surance_in
Jacques Aigrain Joins Warburg Pincus As Senior Advisor
PR Newswire Europe - Mon Mar 17, 3:01AM CDT
Warburg Pincus, a leading global private equity firm focused on growth investing, today announced the appointment of Jacques Aigrain as a Senior Advisor. Mr. Aigrain, who will be based in the firm's London office, will support the firm in the identification and evaluation of new investments, particularly in the European financial services sector, and provide strategic counsel across the firm's global portfolio.
A.M. BestTV: View from Washington; Winter Wave Proves Costly to Insurers
Business Wire - Fri Mar 14, 10:40AM CDT
In this episode of A.M. BestTV, a pair of Swiss Re executives discuss the 2014 winter storms, which began with the polar vortex disruption, that have caused steep insured losses. William Donnell, president of U.S. property/casualty at Swiss Re, discusses the types of losses the industry has seen past obvious property damage, including business interruption from travel disruptions. Greg Schiffer, chief property underwriter in North America at Swiss Re, said the losses have been exacerbated by broadened reinsurance terms and conditions. Historically, most winter storms were confined to events lasting 72 hours on excess of loss contracts. However, some agreements were changed at this year's January renewals to push the "hours clause" to an unlimited number of hours. Additionally, David Robinson, a professor in the Department of Geography at Rutgers University and who also serves as New Jersey's State Climatologist, discusses how the polar vortex disruption causes cold outbreaks in the United States. Click on http://www.ambest.com/v.asp?v=winter314 to view the program.
Market Research - Reinsurance in Denmark, Key Trends and Opportunities to 2017
M2 - Thu Mar 13, 4:54AM CDT
Research and Markets (http://www.researchandmarkets.com/research/m9d3ng/reinsurance_in) has announced the addition of the "Reinsurance in Denmark, Key Trends and Opportunities to 2017" report to their offering. The Danish reinsurance segment is small, and insurers operating in Denmark cede a low percentage of their premium to reinsurers. The percentage of reinsurance ceded varies between 0.5% and 5.7%, depending on the segment. The occurrence of natural disasters increased the insurer's dependence on reinsurers during the review period. The segment registered a compound annual growth rate (CAGR) of 16.9% during the review period (2008-2012). This report provides a comprehensive analysis of the reinsurance segment in Denmark: - It provides historical values for Denmark's reinsurance segment for the report's 2008-2012 review period and forecast figures for the 2012-2017 forecast period. - It offers a detailed analysis of the key sub-segments in Denmark's reinsurance segment, along with market forecasts until 2017. - It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Denmark and its growth prospects. Key Highlights: - During the review period, the premium ceded to reinsurance by Danish direct insurers increased in the personal accident and health insurance segment - The reinsurance segment's written premium increased at a CAGR of 16.9% during the review period - The reinsurance segment was led by facultative reinsurance during the review period, which accounted for 62.7% of the segment's written premium in 2012 - The Danish reinsurance segment contains both domestic and foreign reinsurers Key Topics Covered: Executive Summary Introduction Danish Insurance Industry Attractiveness Key Industry Trends and Drivers Competitive Landscape and Strategic Insights Business Environment and Country Risk Appendix Companies Mentioned - Aspen Re - Arch Re - Swiss Re Denmark Reinsurance A/S For more information visit http://www.researchandmarkets.com/research/m9...surance_in About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
A.M. BestTV: The Week Ahead; Longer Lifespans May Bring a Heavy Cost
Business Wire - Mon Mar 10, 9:38AM CDT
In this episode of A.M. BestTV, insurance industry executives discuss how longevity risk presents an opportunity to the insurance industry if it's able to handle all the risk. George Graziani, a senior vice president at Swiss Re, called the amount of longevity risk "epic" as the average life expectancy increases. Longevity risk is the financial risk that an individual or a group or individuals will outlive their savings, and the U.S. Department of Health and Human Services estimates that the percentage of Americans 65 and older will rise to 19% of the total U.S. population in 2030, from 13% in 2009. Graziani said the insurance industry is the logical home for the risk, because the life insurance industry can help offset the risk. Asha Attoh-Okine, managing senior financial analyst of insurance-linked securities at A.M. Best Co., said that to some extent, the capital markets would likely need to come into play, predominantly through longevity bonds. Click on http://www.ambest.com/v.asp?v=longevity314 to view the program.
Personal Accident and Health Insurance in Luxembourg, Key Trends and Opportunities to 2017
M2 - Wed Mar 05, 2:13AM CST
Research and Markets (http://www.researchandmarkets.com/research/b263pb/personal_accident) has announced the addition of the "Personal Accident and Health Insurance in Luxembourg, Key Trends and Opportunities to 2017" report to their offering. Luxembourg has one of the most comprehensive healthcare systems in the world. It offers virtually unrestricted access to its population. Luxembourg is also ranked amongst the leading ten countries in the world, in terms of per capita healthcare expenditure. Government-funded free basic healthcare is provided to every citizen. The total health spending, as a percentage of GDP (gross domestic product), was about 7.8% in 2012. The Caisse Nationale de Sant? (National Health Fund) collects funds for the 97.0% of the population that, as of 2012, was covered by public health insurance in 2012. However, private health insurance services act as a supplement to state health insurance. Private insurance is mainly for medical expenses outside Luxembourg, as well as dental and optical care, which are not covered by the state health insurance. Pressure on government finances and increasing awareness of health insurance due to rising life expectancy will continue to support the demand for personal accident and health insurance products over the forecast period (2012-2017). The report provides in-depth market analysis, information and insights into the Luxembourg personal accident and health insurance segment, including Key Highlights - The healthcare system in Luxembourg is one of the most developed in Europe. Compulsory government-funded free basic healthcare is provided to citizens. - Around 97.0% of the population was covered by the public health insurance in 2012. - Health insurance was the dominant category in the personal accident and health segment during the review period, accounting for 61.9% of the total written premium value in 2012 - The share of the commission earned by brokers increased steadily from 66.6% in 2008 to 67.5% in 2012. - In Luxembourg, the personal accident and health segment is highly concentrated, with the 10 leading companies representing 98.1% of the segment's gross written premium in 2012. Key Topics Covered: Executive Summary Introduction Personal Accident and Health Insurance Segment Outlook Analysis by Distribution Channels Reinsurance Growth Dynamics and Challenges Governance, Risk and Compliance Competitive Landscape and Strategic Insights Business Environment and Country Risk Appendix List of Tables List of Figures Companies Mentioned - AIG Europe Ltd - Arisa Assurances - Axa Assurances Luxembourg - DKV Luxembourg - Foyer Assurances - Foyer Sant? - Globality - La Luxembourgeoise - P&V Assurances - Swiss Re International For more information visit http://www.researchandmarkets.com/research/b2...l_accident About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Non-Life Insurance in Luxembourg, Key Trends and Opportunities to 2017 Report
M2 - Tue Mar 04, 5:44AM CST
Research and Markets (http://www.researchandmarkets.com/research/t2n763/nonlife) has announced the addition of the "Non-Life Insurance in Luxembourg, Key Trends and Opportunities to 2017" report to their offering. Luxembourg is amongst the world's most developed economies, and has the highest domestic per capita income. The global financial and eurozone debt crises affected the country's financial sector during the review period. In 2009, a decline of 4.1% at current prices was recorded in GDP, but the economy recovered to expand by 2.9% in 2010 and 1.7% in 2011. Marred by troubles in other eurozone economies, GDP growth moderated to 0.3% in 2012 and a stable housing and automobile industry supported growth in the non-life segment. The segment posted a compound annual growth rate (CAGR) of 2.3% during the review period. The segment is highly competitive, with 42 operational insurers - 31 domestic and 11 foreign - as of 2012. The Commissariat aux Assurances (CA) is the regulator of Luxembourg's insurance industry. The report provides in-depth market analysis, information and insights into the Luxembourg non-life insurance segment, including: - The Luxembourg non-life insurance segment's growth prospects by non-life insurance categories - Key trends and drivers for the non-life insurance segment - The various distribution channels in the Luxembourg non-life insurance segment - The detailed competitive landscape in the non-life insurance segment in Luxembourg - Detailed regulatory policies of the Luxembourg insurance industry - A description of the non-life reinsurance segment in Luxembourg - Porter's Five Forces analysis of the non-life insurance segment This report provides a comprehensive analysis of the non-life insurance segment in Luxembourg: - It provides historical values for Luxembourg's non-life insurance segment for the report's 2008-2012 review period and projected figures for the 2012-2017 forecast period. - It offers a detailed analysis of the key categiories in Luxembourg's non-life insurance segment, along with market forecasts until 2017. - It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions. - It analyses the various distribution channels for non-life insurance products in Luxembourg. - Using Porter's industry-standard Five Forces analysis, it details the competitive landscape in Luxembourg for the non-life insurance segment. - It provides a detailed analysis of the reinsurance segment in Luxembourg and its growth prospects. - It profiles the top non-life insurance companies in Luxembourg and outlines the key regulations affecting them. Companies Mentioned - Arisa Assurances - Axa Assurances Luxembourg - Baloise Assurances Luxembourg - Camca Assurance - Foyer Assurances - La Luxembourgeoise - Swiss Re International - Telefonica Insurance - The Ship-Owners Mutual Protection and Indemnity Association - The West of England Ship-Owners Mutual Insurance Association For more information visit http://www.researchandmarkets.com/research/t2n763/nonlife About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Best's Rating Notification - Continental General Insurance Company
Rating Division - AMBest - Fri Feb 21, 2:35PM CST
A.M. Best Company has made the following rating update:
A.M. Best Affirms Ratings of Swiss Reinsurance Company Ltd and Its European Affiliates
Business Wire - Fri Jan 31, 9:30AM CST
A.M. Best Europe - Rating Services Limited has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of "aa-" of Swiss Reinsurance Company Ltd (Switzerland), European Reinsurance Company of Zurich Ltd (Switzerland), Swiss Re Europe S.A. (Luxembourg), Swiss Re International SE (Luxembourg) and Swiss Re Corporate Solutions Ltd (Switzerland). At the same time, A.M. Best has affirmed the related debt ratings of Swiss Reinsurance Company Ltd and subsidiaries. (See link below for a detailed list of debt ratings). The outlook for all ratings is stable.
A.M. Best Affirms Ratings of Swiss Reinsurance Company Ltd and Swiss Re Corporate Solutions Ltd's U.S. Subsidiaries
Business Wire - Fri Jan 31, 9:30AM CST
A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of "aa-" of the U.S. property/casualty subsidiaries of Swiss Reinsurance Company Ltd (Swiss Re) and Swiss Re Corporate Solutions Ltd (Swiss Re Corp) (both domiciled in Switzerland). A.M. Best also has affirmed the FSR of A+ (Superior) and ICR of "aa-" of Swiss Re's U.S. life/health subsidiary, Swiss Re Life & Health America Inc. (SRLHA) (Armonk, NY). The outlook for all ratings is stable. (Please see link below for a detailed listing of the companies and ratings.)
A.M. BestTV: Insurance Executives Promote Green Investments, Climate-Proofing Cities at UN Summit
Business Wire - Mon Jan 20, 11:36AM CST
In this episode of A.M. BestTV, insurance executives at the 2014 Investor Summit on Climate Risk at the United Nations discuss opportunities they believe are worth seizing in the areas of making cities climate-proof, along with green investments. J. Eric Smith, president and CEO of Swiss Re Americas, discusses how making urban areas more resilient intersects with climate change. "As the climate changes and as more and more people move to cities, our population and our businesses are more exposed to weather-related catastrophes." Cecilia Reyes, chief investment officer at Zurich Financial Services Group, said the company's responsible investment strategy is about generating competitive financial returns and positive societal impact. "Responsible investing is all about Zurich doing well, and doing good, at the same time," Reyes said. Zurich's strategy includes green bonds, which finance environmentally friendly projects. Reyes said they are a strategic component of Zurich's allocations to fixed-income assets. Click on http://www.ambest.com/v.asp?v=climate114 to view the video program.
Reinsurance in Italy, Key Trends and Opportunities to 2017 Research Report
M2 - Wed Jan 08, 3:33AM CST
Research and Markets (http://www.researchandmarkets.com/research/sbqnr3/reinsurance_in) has announced the addition of the "Reinsurance in Italy, Key Trends and Opportunities to 2017" report to their offering. The Italian reinsurance segment declined at a compound annual growth rate (CAGR) of 3.0% during the review period (2008- 2012), from EUR1.4 billion (US$2.0 billion) in 2008 to EUR1.2 billion (US$1.6 billion) in 2012. This was mainly due to persistent weak economic conditions and the absence of any compulsory natural disaster-related insurance. The treaty reinsurance category accounted for 85.9% of the segment's total written premium, while the facultative reinsurance category accounted for 14.1%. The reinsurance segment is mostly dominated by foreign insurers. The report provides in depth market analysis, information and insights into the Italian reinsurance segment, including: - The Italian reinsurance segment's growth prospects by reinsurance categories - Key trends and drivers for the reinsurance segment - The Italian reinsurance segment's growth prospects by reinsurance ceded from direct insurance segments - The competitive landscape in the Italian reinsurance segment Key Highlights - The Italian reinsurance segment posted a CAGR of -3.0% during the review period. The primary application of reinsurance in Italy is to manage exposure to natural disasters - During the review period, two major earthquakes - L'Aquila in April 2009 and Emilia Romagna in May 2012 - claimed hundreds of lives and destroyed properties - In the absence of obligatory insurance for natural disasters, the Italian government covers the majority of losses, spending an annual average of EUR4.5 billion (US$5.8 billion). - In the absence of any domestic reinsurance company, the segment is dominated by multinational reinsurers such as Swiss Re, Munich Re and SCOR - The treaty reinsurance category accounted for 85.9% of the reinsurance premiums generated in 2012, while the facultative reinsurance category accounted for the remaining 14.1% Key Topics Covered: 1 Executive Summary 2 Introduction 3 Italian Insurance Industry Attractiveness 4 Key Industry Trends and Drivers 5 Competitive Landscape and Strategic Insights 6 Business Environment and Country Risk 7 Appendix List of Tables List of Figures Companies Mentioned - Hannover Re Services Italy Srl - Muenchener Rueck Italia SpA - SCOR Italia Riassicurazioni SpA - Swiss Re Italia SpA For more information visit http://www.researchandmarkets.com/research/sb...surance_in About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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