Sustainability in Power

Contributor: Laurent Berthier, Senior Underwriter Mining & Utilities, PartnerRe.
Date: 12/13/2012
In addition to large insured losses and despite the industry-wide application of deductibles, attritional losses and volatile BI exposures still feature heavily in the power sector. Rates remain at below technical levels and the future presents new risks of its own. We review the market and measures for more sustainable risk protection.
Tags: Non-specific, Engineering, Property

IPCC Findings & Impact on Insured Risks

Contributor: Dr. Paul Della-Marta, Researcher, Catastrophe, PartnerRe.
Date: 9/5/2012
The 2012 IPCC report presents the latest scientific findings on extreme weather and climate events. With such high relevance to property re/insurance and risk and capital management, we review the findings and analyze how this could alter the loss potential of U.S. hurricane risk.
Tags: Non-specific, Property, Catastrophe perils, U.S.

Tornado Hail: Impact on the Industry

Contributor: Christina Cronin, SVP, Standard Lines, PartnerRe.
Date: 9/5/2012
Christina Cronin gives a reinsurer’s perspective on the impact of tornado and hail frequency on the U.S. insurance industry.
Tags: Property, Catastrophe perils, U.S.

Multiple Mining Risks

Contributor: Etienne Geoffroy, Senior Underwriter Mining & Utilities, PartnerRe; Didier Gailleul, Senior Underwriter Mining & Utilities, PartnerRe.
Date: 7/12/2011
A review of the main risks to mining, each with the power to cause extensive loss. With so much at stake, safety and risk mitigation are the priorities for all concerned. Technical underwriting promotes these measures and is a decisive component of a sustainable industry sector.
Tags: Non-specific, Property

Insurers of Last Resort: My Word is My Bond

Contributor: Brian Secrett, Chief Underwriting Officer, Catastrophe, PartnerRe; Laura Davis, Head of Catastrophe, Bermuda, PartnerRe
Date: 4/23/2010
An increasing amount of risk is being assumed by U.S. personal lines residual market bodies, particularly in coastal states. We look at TWIA and the uncertainties for re/insurers linked to the new funding structure following last year's legislative change.
Tags: Litigation, Property, Catastrophe perils, U.S.

Central America - Opportunity and Challenge

Contributor: Salvatore Orlando, Head of P&C Southern Europe & Latin America, PartnerRe; Rick Thomas, Head of Catastrophe Underwriting Zurich, PartnerRe
Date: 4/8/2010
As the direct market regionalizes and retentions increase, risk correlation, solvency regulations and catastrophe losses all pose a threat to the current status quo – we review the issues and beneficial role of reinsurance.
Tags: Non-specific, Property, Catastrophe perils, Pricing & models

U.S. Casualty: Storm Clouds on the Horizon

Contributor: Dick Sanford, EVP and Head of Specialty Casualty, PartnerRe U.S.; David Durbin, SVP and Head of R&D and Risk Modeling, PartnerRe U.S.; Wayne Hommes, EVP and Risk and Capital Management, PartnerRe U.S.; Tom Smith, SVP, and Head of Actuarial Pricing, PartnerRe U.S.
Date: 8/31/2009
Higher capital costs, low interest rates, the looming threat of inflation and the potential rolling back of U.S. tort reforms can be individually problematic for long-tailed casualty lines of business. Collectively their occurrence can be market changing – and not for the better. Indeed, the potential confluence of these factors looks like they’re building up into a potential re/insurance version of “the perfect storm”.
Tags: Property, Casualty, U.S.