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RMS rolls out new ‘open source’ style platform

RMS has launched its latest offering, RMS (one), a comprehensive risk management platform that will enable niche modellers to piggy-back on the capabilities of RMS. 3 October 2013

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Allied World acquires renewal rights on Markel’s aviation business

Markel has agreed to provide the renewals rights of its London and European aviation book to Allied World Europe. 3 October 2013

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Limited emerging market losses reveal shortcomings

Limited losses in emerging markets in recent years are an indication that the industry is not doing enough to seize upon re/insurance opportunities globally. 3 October 2013

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Social media pushing the frontiers of political risk

The increasing role social media is playing in revolutions and civil unrest globally will force the industry to rethink its assumptions around political risk and apply a more forward-thinking approach to understanding such risks. 30 September 2013

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ABIR: Towers Watson acquisition is likely positive

Brad Kading told Bermuda:Re that continued broker consolidation could be viewed as a positive for Bermuda reinsurance players. 25 September 2013

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Global food security tops Aon Benfield summit agenda

Aon Benfield highlighted the need for greater food security in response to trade policies, price volatility and the implications of catastrophe events at their 13th Biennial Hazards Conference in Australia. 25 September 2013

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Management shake-up sees new Aon Benfield CEO

Eric Andersen, who joined the firm in 1994, led Aon’s largest geographic business with teams in the US, Canada and Latin America prior to his appointment. 25 September 2013

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ABIR: Sandy providing impetus for flood programme reform

Supporters of the Biggert-Waters Flood Insurance Reform Act 2012 received added impetus following Sandy, with skirmishes in Congress over rate-adequate pricing, increased risk transfer into the private sector and the sustainability of the existing programme being shaped by the storm. 25 September 2013

ILS

Wordings of ILS deals increasingly novel

Insurance-linked securities are helping to drive legal innovation in the re/insurance sector and creating a vibrant environment for law firms active in the space. 19 September 2013

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Regional players will struggle to go global

Regional reinsurers will face an increasingly tough time coping with catastrophe losses and global competition in areas such as Asia and Latin America. That is the view of David Watson, president and CEO of XL Re Europe. 19 September 2013

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