GLG Topic: Reinsurance Industry
Reinsurance is how an insurance company protects itself against potential losses by sharing risk with another insurance company. The party that diversifies its insurance portfolio is known as the ceding party; the entity that accepts a portion of the potential obligation in exchange for a share of the insurance premium is known as the reinsurer. Reinsurance contracts give insurers the opportunity to offer higher limits of protection to a policyholder than its own assets would allow. Reinsurance also allows the insurance industry to spread its losses among more companies, lessening the impact of claims on any one company.
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Leading Experts: Reinsurance Industry
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David KoegelSenior Vice President
Imagine Advisors, Inc.
David Koegel is a senior production and quality control professional at Imagine Advisors, a consultative intermediary subsidiary of the Imagine Group, global specialty insurance and reinsurance firm formed in 2000. Mr. Koegel's experience includes more than 25 years in the property-casualty insurance...
Andrew BarileFounder, President, & Chief Executive Officer
Andrew Barile Consulting Corporation, Inc.
Andrew Barile is the President and Chief Executive Officer of Andrew Barile Consulting Corporation, an insurance and reinsurance consulting firm that services agencies, corporations, law firms, and insurance and reinsurance companies. Mr. Barile has built intricate knowledge of the insurance and reinsurance...
Consultant
Karole Barkley
Karole Dill Barkley is an independent consultant specializing in the global reinsurance industry. Launched in September 2004, her practice is focused on the Bermuda Market with clients that include public and private sector organizations based in Bermuda, the US, and London. Previously, Ms. Dill Barkley...
Amanda AtkinsChief Executive Officer
Afinia Capital Group
Amanda Atkins is the CEO of Afinia Capital Group. Afinia is backed by Deutsche Bank and Eos and assists insurance companies release capital and streamline mature or discontinued liabilities. Prior to joining Afina in Dec. 2007, she was the CEO of Atkins Capital, a consulting firm which provided financial,...
Richard KeadyConsultant
Richard Keady
Richard Keady is a Texas-based independent risk management consultant with international experience. Previously, Mr. Keady was a Senior Risk and Insurance Advisor at Shell Oil Company where he spent over 30 years in varied risk management assignments, including three years in London crafting 18-line...
Study Groups: Reinsurance Industry(?)
| Study Group Name | Members |
|---|---|
| Reinsurance Brokers | 39 |
| Reinsurance Consultants | 43 |
| Reinsurance Brokers (EU) | 11 |
| Reinsurance Consultants (EU) | 17 |
| Reinsurance Brokers (US) | 47 |
GLG NewsSM
Analysis: Reinsurance Industry(?)
The increase in the supply of reinsurance, reinsurance companies through local or foreign, puts Brazil, effectively, on the world market risks protected by insurance and provides a free and necessary competition on the domestic market, expanding the provision of coverage for insured with gains and quality...
Insurers' actuarial studies include consideration for catastrophes(cats) in their recommendation of rates and underwriting but they are not the sole factor. The underwriter is the ultimate decision maker. What happened is that insurers took too much risk in hurricane areas. They finally woke up and...
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