Even Sandy Could Not Spur Flood Cover Take-Up

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Dr. Steven Weisbart, chief economist with the III, said the insurance industry handled claims from Sandy well. Weisbart said the biggest surprise was how many people purchased flood insurance afterward.

 

UIP Exec: Local Governments Share Mutual Risks

Andrew Armitstead, executive officer at United Independent Pools of Australia, describes how his mutual organizations is developing new offerings to meet the liability needs of local governments in his country.
 

R+V Exec: All Reinsurers Feel Underwriting Pressure

Dr. Christoph Lamby of R+V Versicherung AG details the risks facing global reinsurers. Lamby sees opportunities in Asia, marine and other areas.
 

ILS Market Could Offer Advantages to Mutuals

Clive O'Connell of the firm of Goldberg Segalla outlines the features of insurance linked securities that prove to be a draw for mutual insurers. But the relationship-based nature of reinsurance may offer advantages, he said
 

Willis Re Exec: New Capital Driving Seismic Changes

According to James Kent, president, Willis Re North America, the influx of new capital into the reinsurance market has created more change in the past three to five years than in all prior years.

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