Weekly News Roundup – 15th September

It’s been a busy week for the (re)insurance industry in Monte Carlo. The gathering produced talks from a number of industry heavy weights discussing a wide variety of topics including rate hardening, ILS investor appetite, parametric triggers and the nat cat loss bill.

And in case you didn’t see our news last week, there has been some great press reporting on our management buyout, some of which you can check out below!

Swiss Re’s da Victoria Lobo: SRCC risks increasingly front of mind for reinsurers (Source: The Insurer TV)
Swiss Re’s head of P&C reinsurance discusses how the industry can address high losses from SRCC (Strikes, Riots and Civil Commotion) by focussing on “aggregation and attachment points”.

Allianz Covid BI reinsurance arbitration dispute delayed until 2024 (Source: The Insurer)
Due to an extended discovery process the arbitration, set to be chaired by Lord Jonathan Mance, won’t take play until likely Q1 2024. The proceedings have come about due to “difference in interpretation and assessment” of BI claims between Allianz and its reinsurers.

Morocco quake “unlikely to be a major event for re/insurance industry”, Fitch (Source: Reinsurance News)
Although sadly a major event in terms of loss of life, Fitch Ratings doesn’t anticipate big losses due to the low insurance coverage.

New OneAdvent Chief Executive reveals plans after management buyout (Source: Insurance Times)
Tim Quayle expands on what the future has in store for the OneAdvent business.

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