Risk, Re-/Insurance and Future Thinking
From the monthly archives:
Arbitration has been a bugbear of mine for many years now. I gave a talk on “Why Arbitration is failing the Reinsurance Community” last December to a panel of…arbitrators (yeah, great idea, huh?) and we surprisingly only lost the vote by the smallest of margins. The truth is that arbitration is slow, expensive, uncertain and [...]
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Re Risk has had a bit of a makeover, to make it lighter, simpler to read and more attractive. At least I think so, but then again beauty is in the eye of the beholder.
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The pundits and experts are out in force, predicting a bad, but-not-quite-2005-bad hurricane season ahead. Take your pick from any one of these reports. The one thing that did grab my attention, though, was this quote in the FT report: Colorado State University scientists said in April it expected nine hurricanes this season, five of them [...]
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There really isn’t much going on in the market right at this moment. Even The Insider’s headlines, normally good at least for a little schadenfreude if nothing else, are woefully dull (e.g. “Broker who left company goes back to company”). That’s not to blame The Insider, just a comment on the current dog [...]
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We had a great day out with friends who happen to be clients on the River Avon in Wiltshire the other day. Everyone caught a fish so all were happy (except those fish who were kept for the pot), the weather smiled on us, the Lord of the Manor told amusing stories over lunch and everything [...]
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With thanks to The Insider (subscription only), I note that AON have apparently now said that they are not going to Docklands after all. I had wondered what sort of collective, er, excitement had gripped senior management, and it’s good to see that they’ve sat down and had a nice cup of tea before committing [...]
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Proportionate Damages in the Law of Tort Setting the Limits of Fairchild: Barker v Corus (UK) Ltd The House of Lords has today handed down a landmark decision that is important for insurers and for those practicing in the fields of professional and clinical negligence and product liability. The decision clarifies the circumstances in [...]
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The Scotsman, amongst others, reports that EVO Morales, the Bolivian president, last night ordered his soldiers to occupy the country’s natural gas fields immediately and threatened to evict foreign companies unless they sign new contracts within six months giving the state majority control over petroleum production. Four foreign companies - Petrobras, Repsol, Total and BP - control [...]
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