Market News
Allianz Restructures Its Alternative Risk Transfer Line
Allianz Global Corporate & Specialty will restructure its alternative risk transfer (ART) line of business into two teams. ART Chief Underwriting Officer Richard Boyd will head up the capital solutions insurance-linked markets team. The remaining ART practice groups will be led by Michael Hohmann. Read More
FERMA Says Risk Managers Play Major Role in Business Transformation
In a statement from the 2018 European Risk Management Seminar, the Federation of European Risk Management Associations (FERMA) said demand for sustainability, good corporate behavior, and rapid digitization are leading to profound changes in organizations and the work of risk managers. Read More
Greenlight Re Invests in Healthcare Benefits Administrator
Greenlight Re has invested in Sana Benefits, an Austin-based third-party administrator startup focused on the self-insured healthcare market in the United States. Sana Benefits helps small-to-medium-sized businesses access employee benefit plans to self-insure their employees. Read More
Man-Made Risks Forecast To Cost World's Cities $320 Billion Annually
Man-made risks like cyber crime, interstate conflicts, or market crashes are a bigger threat to economic output than natural disasters such as hurricanes, floods, earthquakes, and volcanoes, putting an estimated $320.1 billion of global gross domestic product at risk on average each year, according to Lloyd's. Read More
Reinsurance M&A Driven by Strong Competition and Scale Benefits
Consolidation of the global reinsurance industry will continue, as intense market competition and capital levels drive mergers and acquisitions (M&A), while smaller players lacking scale and diversification see further pressure on growth and profitability, Fitch Ratings said. Read More