Of Special Interest


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3rd November 2019

Newslink Global Insurance Trends-Editor's Weekly Overview

This week third quarter and nine months results dominated the headlines. Financials were mainly positive and included Chubb, Markel, The Hanover; Great Life Lifeco, and MetLife; Arch Capital, Argo, AXIS Capital(ceo Benchimol said third quarter was "disappointing"), Everest Re, RenRe, Swiss Re; and broking giants Marsh & McLennan and Willis Towers Watson.
ILS non-life capacity issued and outstanding at the end of the third quarter was at a near-record high of $27.3bn according to Willis Re Securities ILS Market Update. RMS estimated insured losses from Typhoon Hagibis at between $7bn and $11bn. The Association of British Insurers(ABI) reported that the average price paid for motor insurance in the third quarter of the year remained flat, and the CII Society of Claims Professionals published a Good Practice Guide for subsidence claims. Insurance Europe responded to the EIOPA paper on methodological principles of insurance stress testing, and also on the regulator's proposals for the Solvency II 2020 review package on supervisory reporting and public disclosure.
Guidewire solutions were chosen by US-based Church Mutual, and fraud specialist Kube joined Guidewire PartnerConnect. Majesco announced general availability of version 11 of its P&C and L&A solutions. Cyber Risk Aware were awarded the industry’s highest level of training accreditation by the Chartered Institute of Information Security Professionals CIISec).
Aon filed a preliminary proxy statement to move the jurisdiction of incorporation for the firm’s parent company from the UK to Ireland. RiverStone completed its first captive acquisition, and Tokio Marine Kiln(TMK) launched its flagship cyber product, Cyber Ctrl, in Asia. There were senior appointments at AmTrust, Apollo Syndicate, City Insurance, and Marsh.

Full articles on the above topics are included in those added this week to the Newslink Global Trends Database Research Matrix service at www.onlystrategic.com
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