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Reinsurance in the CIS – the main trends and forecasts for 2014

ORGINAL PUBLICATION HERE

xprimmcom_TEXT NOUIn the report of the international rating agency Standard & Poor’s, the international reinsurance market in 2013 was characterized as a record of high level of capitalization, high profitability and growing importance of the reinsurance sector, which together reflect the strong performance of the sector over the past five years.

 

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2014 Atlantic hurricane season activity forecast to be near-normal

artemisORIGINAL PUBLICATION HERE

The first quantitative forecast for the 2014 Atlantic tropical storm and hurricane season has been published by Tropical Storm Risk (TSR). The early forecast calls for Atlantic hurricane season activity to be near-normal during 2014.

As with any early forecast of tropical storm and hurricane activity in the Atlantic there is considerable uncertainty associated with the forecast from Tropical Storm Risk (TSR). TSR is the first this year to put numbers to the amount of tropical storms and hurricanes it expects in 2014. The Colorado State University forecasting team has published a qualitative discussion of forecast potential, but no longer forecasts the number of storms this far out.

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Big Interview: Chris Waterman and Clara Hughes, Fitch Ratings

ID_logoORIGINAL PUBLICATION HERE

The improvement in the regulatory environment in Central and Eastern Europe is having a positive impact on the the credit ratings of local insurers despite a number of challengesWhen talking about emerging insurance markets it is important to resist the temptation to generalise, according to Chris Waterman, managing director and head of the Europe, Middle East and Africa (EMEA) insurance practice at Fitch Ratings. The term “emerging markets” is widely used to refer to insurance markets in Asia, Latin America, eastern Europe, the Commonwealth of Independent States (CIS) and, more recently, to insurance markets in sub-Saharan Africa. The relevance for Waterman is Fitch has recently issued a report on emerging European insurance markets, “but here, again, you are talking about a very broad range of countries with insurance industries at different levels of development. There are very different challenges in each of these markets”, he says.

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R&Q Syndicate 1991 capacity doubles with Q-Re support

RQlogoLondon-listed Randall & Quilter (R&Q) said its nascent Syndicate 1991 will double its underwriting capacity next year to £150mn following approval from Lloyd’s and with the new financial support from expansive Qatari reinsurer Q-Re.”We are delighted to have had the syndicate’s substantial growth plans for 2014 approved by Lloyd’s and to have had excellent support from the existing capital providers,” R&Q chairman and chief executive Ken Randall said today (6 December).

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pojisteni v praxi.cz: Phoenix CRetro Re – Střední a východní Evropa má pro zajišťovny vysoký potenciál (in Czech)

pojisteni-logo-blue2ORIGINAL PUBLICATION HERE 

Regiony střední a východní Evropy a Společenství nezávislých států (SNS) jsou pro zajišťovny trhy s velkým potenciálem. Myslí si to senior viceprezident společnosti Phoenix CRetro Re Kirill Savrassov. “Geograficky reprezentují poměrně významný region, který se bude v následujících 20 až 30 letech významně rozvíjet,” uvedl.

Phoenix CRetro Re tak zahájila svou činnost jako specializovaná společnost, protože v oblasti vidí mezeru na trhu. Uvádí, že funguje jako platforma, prostřednictvím které nejprve Lloyds a posléze další světové zajišťovny se můžou spojit s investory působící v regionech střední a východní Evropy, SNS a Středního východu a severní Afriky.

Podle firmy mají zmíněné trhy kapacity a znalosti k účasti na světovém trhu, ale nejsou dost rozvinuté. “Skoro žádná firma v regionu nemá od ratingových agentur odpovídající známku finanční stability. Ratingové hodnocení zemí totiž omezuje rozsah firemního hodnocení. A je hluboko pod minimálními požadavky bezpečnostních výborů mezinárodních zprostředkovatelů,” vysvětlil Savrassov. Phoenix CRetro působí z Londýna a Bermudských ostrovů.