Risk, Re-/Insurance and Future Thinking
From the monthly archives:
Some interesting news snippets here from the English version of the People’s Daily Online about both the projected and actual growth of insurance in China and also the tougher steps being taken to regulate entrants to the market. On the growth front A Sigma report from Swiss Reinsurance suggests China’s premiums are likely to top 453.1 billion [...]
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I like this snippet from the Guardian blog about startups in SF using coffeeshops as their loci. Very Edward Lloyd: Arthur Tillyard opened the UK’s first coffee shop in Oxford in 1655 and it became the meeting place for the Oxford Coffee Club. The club included Oxford’s leading scientists, such as Sir Robert Boyle, and [...]
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Bit of a plug for the old company (Disclosure: I used to be a broker at Greig Fester in the 80s before it was merged into what is now Benfields): Benfield, an independent reinsurance and risk intermediary, today announced the launch of eCatFac, a new electronic placing platform designed to help place facultative reinsurance for cedants [...]
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I wonder if this is the real, final, positive end of the Great Workers Comp Litigation Saga: PHILADELPHIA, Feb. 20, 2006 /PRNewswire-FirstCall/ — CIGNA Corporation CI today reported that it has received an adverse ruling from a London arbitration panel concerning a dispute over a retrocessional reinsurance arrangement related to a portion of its runoff workers’ [...]
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Nicholas Trapps Gent. was tried for the Murther of one Mary Maculley Wife of William Maculley , which he did on the 28th of July last past , upon the Evidence it appeared that the Prisoner was riding a Horse-back along Leaden hall-street; the said Mrs. Maculley and another Woman walking along the Street, and [...]
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The, er, surprising decision of Cooke J last year in Goshawk -v- Tyser has just been reversed. So brokers do, after all, and as we had all always thought to be the case, have an obligation to provide access to re-/insurers to the documents and information belonging to their client re-/insureds and which the underwriters [...]
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There’s not much I can add to the existing reports about Lloyd’s suing its brokers, save to note that Aon’s refusal to enter into a standstill last year (pretty stock tactics for them and, I suppose, legitimate enough) doesn’t seem to have done them much good. Wonder how this one will play out. Can’t see [...]
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