FEATURED INDUSTRY NEWS Markets Recent Stories Reinsurance Markets REINSURANCE/ILS WRIN.tv Newswire Guy Carpenter & RAA Execs on CAT Losses, Elections, & (Re)Insurance Markets In this edition of CEO Angles, AAIS CEO Ed Kelly welcomes Guy Carpenter Chairman David Priebe and Reinsurance Association of America (RAA) President Frank Nutter for a discussion on the current state of the insurance and reinsurance markets in the wake of a tumultuous 2020. In a year that has seen many crises, from the COVID-19 pandemic to civil unrest … Read More
FEATURED INDUSTRY NEWS Legislation/Regulation P&C Recent Stories WRIN.tv Newswire “Still Opportunities to Get Things Done Despite Dysfunctional US Government” – APCIA CEO David Sampson, president and CEO of the American Property Casualty Insurance Association (APCIA), discusses the current state of the “dysfunctional, hyper partisan” U.S. government, and that there is little on the horizon that suggests polarization will end any time soon. Still, Mr. Sampson points to several successes over the past year, including the reauthorization of TRIA (Terrorism Risk Insurance Act). … Read More
FEATURED ILS & Capital Markets Markets Recent Stories Reinsurance Markets REINSURANCE/ILS WRIN.tv Newswire US Reinsurance Market “Healthy” While Facing New Threats & Opportunities The U.S. reinsurance market is very healthy. That according to Frank Nutter, President of the Reinsurance Association of America (RAA). Mr. Nutter says capital positions have been “strong and growing” thanks, in part to alternative capital vehicles. Market conditions are “very competitive” due to the amount of supply outpacing demand. Catastrophe losses continue to be a challenge, a threat, for … Read More
Markets Recent Stories Reinsurance Markets REINSURANCE/ILS WRIN.tv Newswire “Healthy” Bermuda market opportunistic as it fights “protectionism” – ABIR CEO John Huff, President and CEO of the Association of Bermuda Insurers and Reinsurers (ABIR) discusses the health of the Bermuda market, as well as the challenges and opportunities he sees going forward. According to Mr. Huff, the Bermuda market is “very healthy.” The market is thriving even after the significant natural catastrophes of 2017 and 2018 “nat cats” including Hurricane … Read More
Data/Tech/Modeling INDUSTRY NEWS Legislation/Regulation Recent Stories WRIN.tv Newswire “Get involved” to understand regulators, technology and millennials. Regulation and technology are the biggest challenges facing insurers today. That, according to Fred Karlinsky, Co-Chair of the Insurance Regulatory and Transactions Practice Group at Greenberg Traurig. On the regulatory front, Mr. Karlinsky notes a large amount of regulation affecting carriers at the federal and State level, as well as internationally at the IIAS (International Association of Insurance Supervisors). He … Read More
Data/Tech/Modeling EMERGING TRENDS FEATURED INDUSTRY NEWS Legislation/Regulation WRIN.tv Newswire NAMIC seeks to mitigate populist political risk to insurers – NAMIC CEO. NAMIC President & CEO Chuck Chamness comments on the major disruptors affecting the insurance industry, during the 2018 Joint Industry Forum. While he notes technology is a considerable disruptor, he suggests public policy and the political environment within Washington and the State capitals may be the biggest factor affecting insurers. He sees the populist movement creating difficulty for an industry … Read More
FEATURED ILS & Capital Markets Markets Reinsurance Markets REINSURANCE/ILS WRIN.tv Newswire RAA’s Nutter discusses “blended model” and “new normal” in reinsurance sector. Reinsurance Association of America (RAA) president Frank Nutter comments on the evolution of the “blended model” in reinsurance with alternative capital contributing to the way reinsurance provides capacity to insurance companies, not just in the catastrophe area. He sees reinsurance companies diversifying into the insurance business, viewing capital markets as “largely competitive…and complementary.” Mr. Nutter admits that reinsurers have struggled … Read More
FEATURED INDUSTRY NEWS Markets Recent Stories WRIN.tv Newswire Insurance industry joins with UN, World Bank to tackle global risks. In this edition of WRIN.tv’s Wide World of Risk, Mike Morrissey, President and CEO of the International Insurance Society, provides insight from his discussions with insurance company CEOs the world over. He sites four recurring themes dominating the minds of CEOs, including cyber risk, environmental risks, humanitarian disasters and insurtech. Mr. Morrissey says the “disaster aid mechanism that the world … Read More
EMERGING TRENDS Legislation/Regulation Need to watch Government, “one of your biggest partners” – Greenberg Traurig’s Fred Karlinsky The major legislative issues facing property casualty insurance companies today is that many legislators do not understand the business of insurance. According to Fred Karlinsky, Co-Chair, Insurance Regulatory & Transactions Practice at Greenberg Traurig, since the 2008 financial crisis, the industry is seeing significantly more corporate governance requirements on insurers. He believes there will be continued scrutiny of activities and … Read More
INDUSTRY NEWS Legislation/Regulation Deteriorating loss trends, regulatory over-reach and the Presidential election top the agenda at PCI. Overall, the insurance markets are very strong, with record capital and record policyholder surplus, but there are several troubling trends in the market. Combined ratios and loss trends are deteriorating, and policyholder surplus is growing at a rate slower than the GDP. Robert Gordon, SVP – PCI Policy Development and Research, sees a “tale of two cities” with commercial lines … Read More