It’s only right that the world’s ultimate risk takers should have their annual convention in a place famed for its casino–Monte Carlo.
Each year at the beginning of September the industry’s decision makers fill the hotel lobbies of the tiny principality to start their contract renewal discussions.
They’ve been doing it for over 50 years—and every year [...]

Tags: Convention, Reinsurance

Midway through the year and the reinsurance business appears to be running smoothly, according to broker reports. Willis Re says that there was sufficient capacity in virtually all areas and a ‘reasonably orderly’ rating environment at the July 1 reinsurance renewals.
Greater stability in the reinsurance market produced by signs of recovery in the financial markets, [...]

Tags: Reinsurance, Renewals

Insurance Linked Security (ILS) triggers have long included indices based upon industry surveys and loss estimations. In the US the PCS (Property Claim Services) has become the industry benchmark for many Industry Loss Warranty (ILW) and some index traded insurance products. Outside the US, Swiss Re’s Sigma publication has been the recognised index. However, these loss notification media were not designed for this purpose.

However, there is a new toy in the ILS toyshop.

Tags: ILS, ILW, Reinsurance, Swiss Re

Talk about climate change! Here in Baden-Baden it’s rained more or less continuously throughout the reinsurance congress. No-one seems that surprised or bothered. Everyone is preoccupied. Reinsurers, cedants and brokers trek through the park in the centre of town, collars turned up on their overcoats, oblivious to the heron stock still in the swollen river [...]

Tags: Baden-Baden, Reinsurance, Renewals

The rating agencies raised the curtain on the Monte Carlo Rendez-Vous 2008 with a mixed message: the reinsurance industry is fit and healthy but it faces challenges ahead. In its global reinsurance industry outlook report, published to coincide with the annual meeting, Moody’s said that the outlook for the sector remains stable. Following two years [...]

Tags: Monte Carlo, Reinsurance

“A sunny place for shady people” is how the author Somerset Maugham described Monte Carlo. He obviously never went to the Rendez-Vous de Septembre, the annual talking shop of the reinsurance industry. It often rains and the reinsurance people are quite bright. The Monte Carlo RVS has taken place every year, at the beginning of [...]

Tags: Monte Carlo, Reinsurance