ORIGINAL PUBLICATION HERE Insurers and reinsurers in the Commonwealth of Independent States (CIS) are struggling to remain profitable in the face of significant geopolitical instability and regulatory changes, according to a report by A.M. Best. The rating agency noted that, whilst the overall economy for the CIS improved in 2018 compared to prior years, challenges […]

ORIGINAL PUBLICATION HERE Insurers working across the Commonwealth Independent States (CIS) of former Soviet Russia can expect to see further consolidation in their sector, according to the latest special report from AM Best. The report said mergers and acquisitions (M&As) have been driven in part by companies trying to gain the “critical mass” they need […]

ORIGINAL PUBLICATION HERE The use of insurance-linked securities (ILS) structures and access to third-party capital are essential requirements now for a reinsurance company to remain competitive in the evolving and challenging marketplace, according to analysts. Mergers and acquisitions (M&A) in reinsurance has clearly evidenced the appetite of major insurance and reinsurance players to embed the […]

ORIGINAL PUBLICATION HERE Global reinsurance firm Hannover Re has successfully assisted a client by facilitating the issuance of two new Seaside Re private catastrophe bonds through its Kaith Re Ltd. Bermuda domiciled segregated accounts vehicle, bringing $27 million of U.S. property catastrophe risks to ILS investors. The transactions are a $7 million Seaside Re (Series 2019-1) private […]

ORIGINAL PUBLICATION HERE Concrete outcomes from UN climate change talks in Poland mean it is time to get to work New York, Dec 17— When ministers concluded negotiations on Sunday morning, 30 hours beyond the allotted time frame, a final deal on climate action at the United Nations Climate Change Conference (COP 24) in Katowice, […]

ORIGINAL PUBLICATION HERE When I was a teenager, I hitchhiked from Lithuania to Armenia and back. Time rich and cash poor, I took risks I wouldn’t today. My trip was filled with comparisons and contrasts. Some things, like squeezing into a crammed Lada remained almost constant from country to country. Others, like landscapes and local […]

ORIGINAL PUBLICATION HERE Multi-cat bonds or other ILS solutions are the only viable solution for coping with natural disasters in the Eastern European and Commonwealth of Independent States region, and Bermuda could have a big role to 
play in making this happen, says Kirill Savrassov, chief executive of Bermuda-based Phoenix CRetro Reinsurance. The human cost […]

ORIGINAL PUBLICATION HERE Protectionism is a “lose-lose situation” and its impact on both global reinsurance players and policyholders alike is not positive, according to Swiss Re’s Chief Economist Jerome Haegeli. In a recent conversation with Reinsurance News Haegeli spoke positively about the current state of the reinsurance market, but warned against the trend of protectionism […]

ORIGINAL PUBLICATION HERE ROME, Nov 26 (Thomson Reuters Foundation) – From the floating city of Venice to prehistoric rock carvings in Spain, Europe’s cultural heritage is vulnerable to floods, quakes and wildfires, and requires better protection to preserve it for future generations, officials and researchers said. Earlier this month, storms in Italy destroyed 14 million […]

ОРИГИНАЛЬНАЯ ПУБЛИКАЦИЯ ЗДЕСЬ Страховой защитой обеспечено только около 15% частных жилых домов в России, говорится в исследовании Сбербанка. В нем отмечается, что страхование популярно не во всех регионах в одинаковой степени. Так, охват страхованием частных жилых домов почти в половине регионов не превышает 10%, а почти в 20 регионах составляет менее 1%.