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.
 

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
 

Solvency II Hinders, New Capital Helps Mutual Startups

Paul Koronka, CEO, Regis Mutual Management Ltd., said his organization continues to form new mutual insurance companies but solvency regulations mean taking new approaches to their structure.
 

Willis Re Exec: Mutuals Embrace Shared Reinsurance

Willis Re Executive Vice President Robin Swindell said mutual insurance companies are regularly joining together for catastrophe and other forms of reinsurance coverage.

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