Magazine Table of Contents
More than 2,000 delegates gathered in Monte Carlo for the annual start of the renewal season for 2013 with many reinsurers, reinsurance brokers and rating agencies highlighting the problems and challenges in the reinsurance market today.
The overall financial position of global reinsurers coming out of 2011 has remained resilient and continues to strengthen, despite last year’s significant CAT losses and the current fiscal uncertainty, said both rating agencies, A.M. Best and Fitch.
XL Group has extended its global programme offering with the launch of XL WorldPass Environmental. The product has been developed to provide coverage to a very broad range of industrial and commercial operators.
International insurance economics think tank, The Geneva Association, was recently awarded the Worldwide Reinsurance Awards’ “Global Re/Insurance Initiative of the Year 2012”.
Flood losses are increasing at an alarming rate while the insurability of floods provides unique challenges for the industry, according to Swiss Re’s latest report, “Flood – an underestimated risk: Inspect, inform, insure”.