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GCC is the fastest growing insurance market

The Gulf Cooperation Council (GCC) remains the fastest growing insurance region, outpacing all other markets with top line growth of close to 15 percent in 2014, according to a Moody’s Investors Service report...

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Hedgers of longevity risk should look to captives

Using a captive to hedge longevity risk can provide a lower cost base and guarantee a ‘principal-to-principal’ approach between the pension scheme and the reinsurance market, according to pensions funding expert Ian Aley...

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New CEO for Aon’s Colombian reinsurance business

Aon Benfield has appointed Sergio Rivera Jiménez as CEO of Aon Benfield Columbia, with immediate effect...

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Insurance-linked securities growth stabilises

ILS assets under management continue to grow but at a slower rate than the record breaking pace of recent years, according to the latest ILS report from Willis Capital Markets and Advisory...

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Marsh finds Europe lacking in cyber understanding

Almost half of organisations only have a basic understanding of exposure to cyber risk, according to Marsh...

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Willis Re enhances approach to cat risk modelling

Willis Re has unveiled an enhanced approach to catastrophe risk modelling that enables insurers to more accurately measure, mitigate and articulate their catastrophe risk exposure for all major perils and territories globally...

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Strong in longevity risk transactions is Guernsey

Guernsey’s position as the go-to jurisdiction for longevity risk transactions was outlined at a Guernsey Finance event in London...

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London ‘unlikely’ to become ILS hub

London is unlikely to become a centre for housing insurance-linked securities (ILS), according to Grant Thornton...

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Andy Tobin is new head of insurance in Arizona

State governor Doug Ducey has appointed former Arizona Representative Andy Tobin as director of the Arizona Department of Insurance...

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GC Securities completes cat bond for PennUnion Re

GC Securities has placed the Series 2015-1 Notes, with notional principal of $275 million, through the newly formed catastrophe bond shelf programme PennUnion Re...

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California wildfire claims breach $1 billion

Forecast economic losses for California wildfires were in excess of $1.5 billion during September, with preliminarily insured losses estimated at more than $925 million, according to Aon Benfield’s Global Catastrophe Report...

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Influence of risk managers is growing, says ACE

More than 71 percent of risk managers in Europe, the Middle East and Africa have more influence that they did three years ago, according to a survey from ACE...

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