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.

 

ICMIF Exec: Mutuals Continue to Gain Global Share

Shaun Tarbuck, Chief Executive at the International Cooperative and Mutual Insurance Federation, reports that mutual and cooperative insurers have gained three points of market share in the past seven years.
 

Transatlantic Re Exec Reviews the Latin American Market

The outlook for reinsurance in Argentina is discouraging, but growth and construction in Colombia and Panama mean Latin America remains an area of rising opportunity, accoring to Javier Vijil.
 

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.
 

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

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