Interest in Insurance-linked Securities Rises

25 September 2011

Stefano Nicolini joined in the discussion, during the Monte Carlo Conference, around the rise in investment in insurance-linked securities (ILS). After the catastrophe-heavy first quarter of 2011, particularly the affects of the Japanese earthquake,  many felt the necessity to spend on increased industry loss warranties (ILW) and as Stefano commented, the price rose in correlation with demand. However, he added that post-Hurricane Irene demand has slowed somewhat and prices had begun to flatten out.

To read more, please click here to go to The Business Insurance website.

The MPL Market – What’s the Prognosis?

Since 2006 the Medical Professional Liability (MPL) market has become increasingly competitive, but it remains both healthy and profitable, particularly when compared to other casualty lines. The key challenge faced by the Physician Insurers Association of America (PIAA) member companies is whether they can reverse the declining trend in profitability before the market hits the unprofitable levels experienced in the early 2000’s.

BMS’s recent analysis looks at the results of PIAA member companies (who make up more than 50% of the MPL market) from 2001 – 2010 to look at where results have been and where they might be heading.

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BMS expands its analytics team with two new senior hires

Independent global broker BMS Group today announces that it is continuing to invest in its analytics business with the appointment of two industry experts:

  • Julie Serakos, Executive Vice President, Catastrophe Modelling
  • Mike Larson, Executive Vice President and Actuary for BMS Intermediaries

Julie will join BMS this week to lead the Catastrophe Modelling department.  She joins from Willis Re where she built up the company’s catastrophe risk modelling and advisory services business becoming the Executive Vice President in their Property Resource Division.

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High & Dry – The American Drought

Eric Hubicki, VP Reinsurance – P&C & Jim Botsis, VP Reinsurance – P&C, featured in the September edition of Global Reinsurance magazine reviewing the relief on offer to (re)insurers and farmers during the worst periods of drought in American History. This exceptional drought period means that reinsurers need to calculate the losses that have been incurred and this is often a difficult number to define. There is however a faint ray of hope in the use of GM crops and the potential for underwriter profit later in the year.

Read the PDF of the full article.

For more from Global Reinsurance visit their website at http://www.globalreinsurance.com/

Tim Paske comments on the soft blue & brown water prices

Tim Paske comments on the soft blue & brown water prices, within Reactions’ Marine Lines debate. Marine insurance has been hit  by soft market rates and  the effects of a global drop in trade on the shipping industry, leaving  insurers under pressure battling to make a profit.

Visit the Reactions Magazine website for the full article.

BMS sponsors Thomson Reuters ILW chatroom

BMS is pleased to announce its sponsorship of the Thomson Reuters ILW chatroom. From 1 September 2011, the chatroom will provide daily comment, opinion and latest price action as the North Atlantic Hurricane season enters its most active period. The chatroom will be open to all members of the Thomson Reuters ILS Community and will also provide a forum within which participants from across the market can exchange their views.

For more information on the Thomson Reuters ILS Community, please click here. To gain exclusive access to the chatroom, please email reutersils@reuters.com

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