Category: Analysis

Rates fall more slowly

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Data from brokers shows that property reinsurance rates have continued to fall in 2016 but more slowly than in previous years. At the key January renewal season reinsurance, retrocession and industry loss warranties experienced...

Steady as she goes

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Last month, billionaire investor, Carl Icahn, noted that "unfortunately... the meltdown in high yield is just beginning". While junk bond yields have soared, reinsurance rates have continued to decline. These two opposing forces could...

The alternative twelve days of Christmas

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A seasonal round-up of the big stories of 2015. Happy holidays. On the twelfth day of Christmas, my true love sent to me... Twelve tropical depressions As predicted by Tim Hall and others, Atlantic storm...

Under pressure – MultiCat Mexico C

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When the National Hurricane Center publishes its 2015 end of season report, the contents will be more than academic for ILS investors. The $100m MultiCat Mexico C could face a total default based on the published central pressure measurements...

Insurers beat forecasts on strong fundamentals

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The glut of reinsurance capital has disrupted parts of the industry, but the insurance industry as a whole continues to post strong results. Nick Martin takes a look at third quarter earnings. Nick Martin is the Co-Manager of the...

Live from Bermuda – Convergence 2015

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In 2017, Bermuda will host the 35th America's cup. The build up to the oldest trophy in international sport is well underway and attracting a new kind of visitor to the island. Jimmy Spithill is a remarkable athlete - he skippered his...

Pricing update – third quarter 2015

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Few reinsurance deals are negotiated in the third quarter, so pricing data is sparse. However, the data from the cat bond and ILW markets indicates little change over the last 12 months. June and July saw some resistance to further...

Car safety – a new paradigm?

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Auto premiums account for close to half of global non-life insurance - but cars are about to get much, much safer. Electric cars will be safer than gasoline ones and driverless cars are likely to be safer still. At a time of excess capital...

Monte Carlo 2015 – live blog

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This week, Monte Carlo isn’t filled with film stars or Formula One drivers but with reinsurance executives from around the world who have congregated for their annual rendez-vous. If you didn’t manage to catch a private jet (or easyJet)...

Monte Carlo analysis

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It’s a business whose prospects have turned for the worse and there is not much we can do about it - Warren Buffett (May 2015) In the run up to the annual reinsurance conference in Monte Carlo, many of the industry's most...

Focus stays on M&A activity during Q2 investor calls

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The flurry of M&A activity in the insurance/reinsurance markets has created a windfall for savvy equity investors as acquirers pay control premiums for their targets. Nick Martin discusses some recent deals and the prospect for more...

2015 hurricane update with NASA’s Dr Tim Hall

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As the likelihood of Atlantic hurricanes builds to a peak on September 10, forecasts for the remainder of the year become increasingly skilful. InsuranceLinked's resident meteorologist has used the latest observations to calculate that 2015...

Cyber insurance

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Cyber cover is one of the few parts of the insurance market where demand often exceeds supply. As the insurance industry searches for ways to grow, cyber could represent a significant opportunity for both traditional and alternative insurers...

The S curve – the effect of wealth on insurance markets

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The global insurance industry is not fulfilling its potential - many companies and individuals are underinsured for key risks. In less developed countries, losses from natural catastrophes can be almost totally uninsured. Last month,...

Pricing update – second quarter 2015

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The latest pricing data shows that falls in reinsurance rates are slowing. For some structures, returns have improved materially since the beginning of the year but this has not yet been reflected in fund returns. The premiums paid...

Mergers and acquisitions – the tangled web

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It has been a busy few months for M&A in the reinsurance sector. Here are some of the deals that have been making headlines during the last twelve months. Double lines indicate press reports of significant, attempted transactions,...

The times, they are a changin’

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In the final part of a series of articles on the differences between models and reality, Robert Medeiros examines how changes in the US insurance market could have a big impact on claims when the next hurricane happens.  Catastrophe...

What does Google have planned for the insurance industry?

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In 2012, Google launched a price comparison site in the UK and last month it launched a similar service in California - with more states to follow. This week Ellen Carney spoke to InsuranceLinked about what this might mean for the industry. Ellen...