CATEX Newsletters

April 2017 CATEX Reports Newsletter
Plus ça change, plus c'est la même chose. Sometimes we get the feeling that we're writing about the same trends and issues over and over again. But this time it may be different.

Chubb has taken a very aggressive stance against broker behavior. Immediately a number of other carriers added their voice to the complaints voiced by Evan Greenberg and possibly we are seeing the beginning of a defined pushback against what markets seem to believe is bad behavior.
Read More
March 2017 CATEX Reports Newsletter
A careful reader of CATEX Reports will have noticed that there was no February issue. Starting this year we will switch to a schedule of ten newsletters annually, combine January and February, and maintain our policy of not releasing an August newsletter.
Read More
January 2017 CATEX Reports Newsletter
As feared, hopes that the January renewals might be an "inflection point", with premium increases, proved to be bedrock dreams. Depending upon which analysis you read rates are still dropping or nearing the bottom -- but we've probably made this same observation several times over the past few years!
Read More
December 2016 CATEX Reports Newsletter
As we come up to the holiday season we once again note that for yet another year the rate optimism evident in Monaco in September has now reverted to a recognition that rates continue to decline. We tired of speculating about the usual weather or seismic related "what ifs?" and looked this month instead at potential impacts on rates that could be caused by human events.
Read More
November 2016 CATEX Reports Newsletter
We are getting this November issue of CATEX Reports to you in the nick of time before the calendar turns to December. Honestly, we've been stuck a bit digesting the US election result and as many of you know were in London for a week in which we attended the InsureTech conference on November 16th that was cosponsored by CATEX.
Read More
October 2016 CATEX Reports Newsletter
The short time between the Monte Carlo meetings and Baden Baden always seem to be a challenge when preparing the October newsletter. We can only imagine how difficult it must be for underwriters and brokers to process the information gleaned from Monaco into hard proposals for Baden Baden.
Read More
September 2016 CATEX Reports Newsletter
We are preparing for our trip to Monte Carlo for the annual Rendez-Vous de Septembre. We have over forty meetings already booked but can certainly squeeze in a few more if you're interested in meeting us.
Read More
July 2016 CATEX Reports Newsletter
Thank you for reading the July edition of CATEX Reports. A bit of housekeeping first. Following our practice for the past years we will not issue a newsletter in August. This means you will simply have to wait to get your Roger Crombie fix or --better yet --enjoy your vacations.
Read More
June 2016 CATEX Reports Newsletter
The UK people have voted to leave the European Union. The referendum, which has seemingly been in the works for years, was thought to be favoring the "Remain" camp even up until the day of voting.
Read More
May 2016 CATEX Reports Newsletter
One of the central tenets of insurance is that it helps those who buy it to better manage risk. As we look at the world today there seems to be increased risk in every direction.
Read More
April 2016 CATEX Reports Newsletter
At 10 am EDT, Saturday April 30th the annual Berkshire Hathaway shareholder meeting will be streaming in live video on Yahoo Finance. We certainly are going to be watching as Warren Buffett's comments about reinsurance and insurance are generally front page news in the business sections of every newspaper the next day.
Read More
March 2016 CATEX Reports Newsletter
The bombings in Brussels once again have cast the pall of terrorism over much of our industry. Our deepest condolences go to the families of those who were lost in this latest act of savagery. Despite the terrible news life goes on for reinsurance and insurance. Personnel changes at the top of some of the world's largest insurers and reinsurers were announced and Berkshire Hathaway signaled a very strong approach to pushing its Berkshire Hathaway Specialty insurer into Europe.
Read More
February 2016 CATEX Reports Newsletter
CATEX has landed smack dab in the middle of the current debate about data cleansing and data formatting going on right now in insurance and reinsurance. Our Data Vera product allows for import of data from multiple formats and quickly and automatically cleanses data, offering corrections based on your prior behavior. Data Vera also eliminates so-called single purpose or "single template" data conversion. Once the data is converted we can send it to any format or template you choose.
Read More
January 2016 CATEX Reports Newsletter
The theme of this issue seems to be data, data and more data. We're never certain which direction the news will flow when we assemble this narrative but this month there seemed an endless flow of stories about data and how modelers and companies hope to improve use of it in 2016. CATEX is co-sponsoring the CAT Risk Management & Modelling London 2016 on March 3-4. Our presentation is on Day One. CATEX will also be in London the first week of February to see clients.
Read More
December 2015 CATEX Reports Newsletter
As we count down to the end of 2015 most of us are happy to see it go if only because it was so difficult to get a reading on the year. Companies merged with each other creating global giants. Smaller companies, especially monolines were warned that they would soon be extinct yet one global giant is being criticized for being too big.
Read More
November 2015 CATEX Reports Newsletter
We were finalizing this newsletter when the terrorist attacks in Paris occurred. Our thoughts and prayers are with the families of those lost or injured in Paris and with the families of those lost or injured in an attack in Beirut a day earlier. After the events of last week writing about reinsurance can seem a mundane exercise. We will carry on but with a heavy heart.
Read More
October 2015 CATEX Reports Newsletter
It's striking sometimes how quickly things change. We've been back from the Monte Carlo Rendez-vous for just over a month and already the Zurich-RSA acquisition has collapsed; initial signs that CAT pricing reached a floor have evaporated and the expected continued influx of capital seems to have slowed. One of the perils of a monthly newsletter is that in the time it takes to write you almost have to go back and rewrite it because everything has changed.
Read More
September 2015 CATEX Reports Newsletter
The Monte Carlo meeting later this month is lining up to be particularly interesting. The news that RSA seems to have responded favorably to Zurich's acquisition terms indicates that industry consolidation isn't just limited to brokers and reinsurers. We now face the possibility of "super-sized" cedents entering the arena. And why not? Everything we've been reading discusses how cedents are raising their retentions and consolidating reinsurance purchases across whole enterprises.
Read More
July 2015 CATEX Reports Newsletter
Each month, it seems, we note that in the next issue of CATEX Reports we will no doubt discuss even more mergers or acquisitions in the insurance and reinsurance area. This month though we have sort of hit the trifecta. Ace is merging with Chubb, Willis is merging with Towers Watson and Berkshire Hathaway is acquiring a slice of Insurance Australia Group (IAG), a big enough slice for IAG to immediately announce that they are reducing their reinsurance spend on all fronts by 20%.
Read More
June 2015 CATEX Reports Newsletter
Lately we find it a bigger challenge than ever to provide up to date information about the reinsurance industry. So much is changing so quickly that the digital ink is barely dry before it's "old news". We do know for certain that the PartnerRe shareholder vote is scheduled for July 24th so we think we are safe on that score.
Read More
May 2015 CATEX Reports Newsletter
We are trying a new format for this version --it is designed for easy reading on mobile phones and other portable devices. e are of course retaining the links embedded in the stories but are going to keep photos out of this version. When we added the photos the reduced horizontal capacity ended up with the vertical scroll going on and on and on. Your opinions are indeed welcome.
Read More
April 2015 CATEX Reports Newsletter
Sometimes preparing this newsletter is like watching a high-powered tennis match. The ball keeps whipping back and forth between the players and an observer would see the whole viewing audience turning their heads side to side over and over again. We noted at the conclusion of last month's CATEX Reports that Endurance Specialty Insurance had come to an agreement to acquire Montpelier Re. That news was surprising enough as we will discuss below but then the news came that the Agnelli family's investment vehicle, Exor, had made an unsolicited all-cash offer for PartnerRe --threatening to wreck the proposed Axis Capital-Partner Re merger.
Read More
March 2015 CATEX Reports Newsletter
We write this newsletter at a time when we are all cautiously emerging from our winter burrows to check climate conditions outside. There may just be a chance that this winter is finally behind us. We think that people in Boston are still with us. Their phones are still answered and there's no evidence they have all decamped to Arizona despite the nine feet of snow they've received. From all appearances the basketball games and hockey matches all seem to be being played at the TD Garden down from North Station and not at some league ordered temporary home in sunnier climes.
Read More
February 2015 CATEX Reports Newsletter
We think that people in Boston are still with us. Their phones are still answered and there's no evidence they have all decamped to Arizona despite the nine feet of snow they've received. From all appearances the basketball games and hockey matches all seem to be being played at the TD Garden down from North Station and not at some league ordered temporary home in sunnier climes. We think that people in Boston are still with us. Their phones are still answered and there's no evidence they have all decamped to Arizona despite the nine feet of snow they've received. From all appearances the basketball games and hockey matches all seem to be being played at the TD Garden down from North Station and not at some league ordered temporary home in sunnier climes.
Read More
January 2015 CATEX Reports Newsletter
CATEX has a London office and has senior staff members working there. Senior CATEX personnel from the US visit London on a monthly basis to meet with UK staff, CATEX clients and CATEX prospects. We will be in London the week of February 2 for the entire week with the centerpiece of the trip being the two presentations we are participating in with Lineage and RFIB at the ACORD office in London. The 11 am event is completely booked and we have scheduled another one for 12 noon. If you want to attend please RSVP here.
Read More
December 2014 CATEX Reports Newsletter
You can always tell when the end of year frenzy has begun. It seems to pop up no matter how much preparation is done or how pronounced the effects of alternative capital may or may not be. One thing is for certain and that is we are squarely in the middle of it. We've also begun to see what might only be the beginning of that long predicted wave of consolidation. First Renaissance Re announced that it was going to acquire Platinum Re. Next, just before we went to press, XL announced that it was in talks to acquire Catlin. No doubt there will be more to come.
Read More
November 2014 CATEX Reports Newsletter
In our trip to London earlier this month we noticed a few things. Even though we're there every six weeks or so, each time we arrive in The City the landscape is different. Work is proceeding full speed on the new WR Berkley building across from Lloyd's and several of our clients have already moved into the new "Walkie Talkie". Our old office on Fenchurch Avenue is being demolished to make way for the new complex being built by Generali and it seems as if Aon (the Cheesegrater) has solved the problem of keeping the trees flourishing in its outdoor atrium.
Read More
October 2014 CATEX Reports Newsletter
There are some interesting things going on in the lead-up to the January 1 renewals. It seems that more reinsurance premium continues to be subtracted from the pool, yet the most optimistic ILS underwriters are saying that once government insured programs come into the market, there will be more than enough for everyone. Regulators and ratings agencies have been keeping an eye on measures taken by reinsurers to keep competitive. S&P recently warned that multi-year reinsurance contracts offered by markets might temporarily avoid the risk of future premium decreases but could leave reinsurers in the cold if losses occurred and rates increased during the period they were locked into the multi-year deals.
Read More
September 2014 CATEX Reports Newsletter
Better late than never. Here is the September edition of CATEX Reports. We have much to report in this issue. First, CATEX was named Technology Provider of the Year by Intelligent Insurer for the second consecutive year in Monte Carlo on September 14th. Next, the meetings in Monte Carlo were a tiny bit subdued we thought. There were no pronouncements about the hard market ending anytime soon rather instead there were predictions that it could take a combination of a "grey swan" events (more on that to follow) to raise reinsurance premiums to even prior levels.
Read More
July/August 2014 CATEX Reports Newsletter
When we think that events couldn't become more unpredictable we've been shocked by the downing of Malaysian Airlines 17 over eastern Ukraine. Only two weeks earlier I had travelled the same air corridor on the way to see clients in Asia. Israel's Ben-Gurion Airport was off limits to US and most European passenger flights because of nearby missile strikes. El Al, the Israeli carrier, was still flying and former NYC Mayor Michael Bloomberg, in a show of support, abandoned his private jet and flew to Israel from New York declaring that the airport was safe.
Read More
June 2014 CATEX Reports Newsletter
It's a funny thing about insurance and reinsurance and none other than Brian Duperreault has noticed it. In a speech entitled "Where are the women?", delivered at the Bermuda Captive Conference, Mr. Duperreault sent out 'a call to arms to his male peers to fix corporate issues facing women.' We think this is an important issue, Inga Beale and other prominent women not withstanding, and we will examine it closely.
Read More
May 2014 CATEX Reports Newsletter
The voting has begun for the 2014 Intelligent Insurer annual awards and the results are being collected. Last year CATEX was named Best Technology Provider of the year from a field of five finalists. If you are receiving CATEX Reports there is a very good chance that you are either a CATEX client or a business partner of one our clients and already receiving data and reports from CATEX Systems. We would appreciate any consideration you could give us in the voting for this year's award.
Read More
April 2014 CATEX Reports Newsletter
Certainly, we never thought that at this date, nearly 8 weeks after Malaysian Airlines 370 disappeared, that there would still be no trace of the 777. Our thoughts are with the families of the passengers. If there was any idea that John Charman had mellowed a bit during the interregnum in which he was away from the industry the recent news about the effort of Endurance to acquire Aspen has dispelled that notion. The war of words is heating up on both sides.
Read More
March 2014 CATEX Reports Newsletter
This has been an interesting month. The April 1 renewals are coming into focus and despite earlier hopes that the Japanese placements would come close to holding the pricing line it seems that decreases of 15% or so on XOL cover have been seen. Of course, too, as of this writing there is still no word about the fate of MH 370. In a community where many of us regularly board aircraft to traverse "the pond", or increasingly head to Asia, the disappearance of a Boeing 777 has become a bit unsettling.
Read More
February 2014 CATEX Reports Newsletter
We know that the flooding situation in the United Kingdom has been terrible this year. Some areas have been underwater since December and many, many people have suffered damage and hardship. Several of us from CATEX US are headed to England in the first week of March and the weather, I guess like everything else, is relative. We just can't wait to get away from the brutal cold and the relentless snowstorms.
Read More
January 2014 CATEX Reports Newsletter
We hear people say so much for global warming this winter and, although we know the data indicates otherwise, this has already been a trying season for anyone in the northeastern US. Worse, there are still 7 more weeks to go until Spring! The weather makes us think of so-called 'natural catastrophes' a large part of which are caused precisely because of climate conditions and, as Swiss Re has noticed, have begun to have an even more costly effect as population patterns have changed.
Read More
December 2013 CATEX Reports Newsletter
We know that December is the busiest time for the reinsurance industry and not too much of that frenzy is due to the holidays as you know. With reinsurance premiums being what they are it seems that December has become even more taxing on the nerves. Since our last newsletter we have three names for you -- Grahame Chilton, Brian Duperreault and Inga Beale. Maybe we could have guessed Mr. Duperreault's return as he'd already been revealed as aiding in the purchase of SAC Re but Mr. Chilton's and Ms. Beale's news made the mainstream media. To be fair to Mr. Duperreault, the Wall Street Journal had a nice article on his involvement with the new Hamilton Re.
Read More
November 2013 CATEX Reports Newsletter
We are getting this month's report out just "under the wire" so to speak because we want to incorporate news gleaned from London during our successful visit there last week. The combination of CATEX being named Best Technology Provider in the Intelligent Insurer Global Awards competition in September at Monte Carlo and the full release of our Data Vera product resulted in an exhausting London meeting schedule that read like a "Who's Who" in the market. It was great to see old friends and to meet new ones.
Read More
October 2013 CATEX Reports Newsletter
US based CATEX staff will be joining with our London CATEX staff the week of November 18th holding numerous meetings in London with clients and other interested parties. Since CATEX was named Best Technology Provider in the Intelligent Insurer Global Awards competition last month we have been busy fielding inquiries about our products. The London meetings next month will be a good way to see prospects face-to-face.
Read More
September 2013 CATEX Reports Newsletter
It has been a busy time. Last week we returned from the annual reinsurance Rendezvous meeting in Monte Carlo, and as you will see, CATEX was in fact named Best Technology Provider at the Intelligent Insurer Global Awards dinner on Sunday, September 8th. We had arrived earlier that morning in Nice and it was a great start to our week in Monaco. It was our first Rendezvous and the pace was frantic. We held dozens of 30 minute meetings with clients (our Data Vera tool, which accurately and quickly converts Excel input to structured data, was very popular) and prospects at tables in the Café de Paris. Surrounding us were fortress like tables (complete with company flags) held by Cooper Gay, JLT, Miller and others where the client meetings were fast and furious.
Read More
July 2013 CATEX Reports Newsletter
We do not write an August issue so you won't hear from us again until early September. It has been an eventful several weeks since our last CATEX Reports. Lloyd's Richard Ward announced his departure; details have emerged about Lloyd's reaction to the Aon-Berkshire sidecar; ILS competition seems to have really pressured reinsurers on the July 1 treaties; and of course there was a Boeing 777 crash in San Francisco with miraculously only three fatalities.
Read More
June 2013 CATEX Reports Newsletter
The big news in the industry this month is the return of John Charman. The Axis Capital founder is back now as the CEO of Endurance and he has been talking about his plans for the company and his view of what is going on in the industry. If you're a regular reader of CATEX Reports you know that we track what Mr. Charman says and this month is no exception.
Read More
May 2013 CATEX Reports Newsletter
In the past month it seems the reinsurance industry has been buzzing with two big stories. First, there is continuing discussion about the Berkshire Hathaway deal with Aon at Lloyd's. We had touched on this story in the April CATEX Reports but more reactions to it have been seen. Next, it seems as if the reinsurance industry has finally found its "voice" to answer the new flood of capital coming into ILS vehicles. Our editor, Frank Fortunato, attended the InsiderScope Conference in New York (thanks to Mark Geoghegan) and found Tom Bolt's remarks about the need to verify modeling data which he delivered at the CATEX London reception in January ringing in his ears.
Read More
April 2013 CATEX Reports Newsletter
As we were completing this month's issue, the news of the Boston Marathon incident dominated American media. Our thoughts and prayers are with the victims and their families. As with any tragedy, there will eventually be insurance and reinsurance implications. As observers have noted, the Congressional debate on the reauthorization of the US federal TRIPRA terrorism insurance backstop will be affected by the events in Boston.
Read More
March 2013 CATEX Reports Newsletter
Once again, since we have so many new readers, a little update on our company CATEX might be in order. CATEX has been in operation in Princeton, NJ and London for 19 years and develops software as a service for the global reinsurance and commercial insurance industry. Our products are particularly applicable to reinsurers, reinsurance brokers, delegated authority (program business) capacity providers and coverholders. Our clients range from very large insurance companies to very small brokerages and MGA's. Because of the web-based availability of our systems the size of our client, large or small, means that we can treat each client with the same level of service and responsiveness. Our attrition rate is negligible and most clients have been with us for years.
Read More
February 2013 CATEX Reports Newsletter
Thanks to all of you who attended the January 30th CATEX event in London. We especially want to thank Tom Bolt and John Hamblin for their presentations. If you missed it here is a link to a 30 minute video of the presentations. Tom Bolt made some news during his remarks as you will see and then also made more news the following week when Nephila Capital's application to back Syndicate 2357 was approved. The move started us thinking about methods of dealing with people who may have been seen as your historical competitors. Once we headed in that direction there was very fertile ground as you will see!
Read More
January 2013 CATEX Reports Newsletter
We have many new readers for this month so thank everyone for passing along your e-copies of the newsletter. A word of explanation about our company, CATEX, and this newsletter are in order. CATEX was formed in 1994 and has been building and operating web-based transaction systems for the reinsurance and insurance industry ever since. If you're a broker, insurer, reinsurer, managing agent, syndicate or coverholder then we have products that are reliable, web-based and cutting edge.
Read More
December 2012 CATEX Reports Newsletter
There are a number of threads we've tied together in this month's newsletter. We've noted continued uncertainties about the scope of insured Sandy losses. We've seen complaints about the data fed into CAT models connected with the storm. We've also observed a marked increase in offloading insured CAT risk into separate vehicles. We've read the articles about the underinsurance of CAT perils in emerging economies. And the recently released global assessment report from the US Intelligence Council unequivocally indicates that today's "emerging economies" will be major players in twenty years.
Read More
November 2012 CATEX Reports Newsletter
Please note that due to the effects of superstorm "Sandy" our London event that was scheduled for November 13th has been rescheduled for 5:30 pm Wednesday, January 30th, 2013 at 10 Fenchurch Avenue across from Lloyd's. Tom Bolt, Director, Performance Management at Lloyd's and John Hamblin, Active Underwriter for Cathedral Syndicate 2010, have both generously agreed to the schedule change. We look forward to seeing you on January 30th.
Read More
October 2012 CATEX Reports Newsletter
I am pleased to send you the October, 2012 edition of CATEX Reports and want to draw your attention to a London event CATEX is hosting on Tuesday, November 13th at 5:30 pm at 10 Fenchurch Avenue across from Lloyd's. Tom Bolt, Director, Performance Management at Lloyd's and John Hamblin, Active Underwriter for Cathedral Syndicate 2010, will both say a few words and the rest of the event will be decidely relaxed. We look forward to seeing you there.
Read More
September 2012 CATEX Reports Newsletter
Perhaps you will read this newsletter while attending the 2012 Reinsurance Rendez-vous in Monte Carlo. If so, you will note that we are abreast of the developments as they've been reported from there. We also want to announce the first appearance of our guest columnist Roger Crombie in this issue of CATEX Reports. Roger is a well known commentator on insurance and reinsurance issues and comes to us from a long run at "Risk & Insurance Magazine". What Roger writes is what Roger writes -- we don't edit the piece so if you have a comment for him please email him at Roger.Crombie@catex.com.
Read More
July 2012 Bordereau Newsletter
Our newsletter editor, Frank Fortunato, just returned from a trip to England including a period in our London office. London, in addition to being the world's global reinsurance center, is hosting the XXXth Olympiad this summer. Since it is after all summer we thought that you might be interested with some of his observations about London and the UK on the eve of the Olympics. He has interspersed some insurance and reinsurance news in his report but hopefully you will be able to relax a bit and gain a sense of what's going on in the British capital as it prepares to welcome over a million visitors for the Games.
Read More
June 2012 Bordereau Newsletter
You will find as you read this month's newsletter that our focus has expanded from just delegated authority reporting requirements. This expansion is no accident. We are simply following the reinsurance and insurance industry as it continues to seek to provide more and more transparency to underwriters, managers and investors.
Read More
May 2012 Bordereau Newsletter
The outgoing annual president of the National Association of Insurance Commissioners is Florida Insurance Commissioner Kevin McCarty. Mr. McCarty has been the Florida Insurance Commissioner for nine years and if you know anything about Florida’s insurance market you know that the person charged with overseeing it has to be versed in everything from sinkholes to hurricanes combined with extra large doses of CAT pricing, CAT bonds, rehabilitations, “last resort” insurers, coverage availability and consumer angst. McCarty’s job description is not to be envied by anyone but the fact that he’s in his tenth year of doing it speaks volumes about his capabilities.
Read More
April 2012 Bordereau Newsletter
As Yogi Berra says “it’s déjà vu all over again”. A front page article in the April 2 edition of Insurance Day says that the “quest for increased granularity of data has been one of the main themes of the April 1st renewals” in Japan. The article, written by Scott Vincent, goes on to observe that this “trend is set to continue for other major international reinsurance renewals in light of the record breaking cat losses of 2011”.
Read More
March 2012 Bordereau Newsletter
Here’s some news from London that may be of interest to you. The Employers Liability Tracing Office, or ELTO, is an independent, not-for-profit company funded by a levy on insurers. It’s been set up to provide claimants with quick and easy access to a database of Employers' Liability (EL) policies through an online enquiry facility. ELTO is designed to help claimants find the insurer of their former employer if the claimant is suffering from a disease/injury caused at work.
Read More
February 2012 Bordereau Newsletter
According to the most recent information from Lloyd’s, its gross written premium for 2010 was a bit over $35 billion. At a Lloyd’s sponsored conference last fall Lloyd’s personnel said that 25% of the Lloyd’s premium was delegated authority business. That means that the delegated authority premium dollar for Lloyd’s alone was nearly $8.5 billion in 2010. And that’s not including the not inconsiderable amount of US program business retained by US markets.
Read More
January 2012 Bordereau Newsletter
The market is finally moving for bordereaux. Lloyd’s requirements and Solvency II are forcing underwriters to track and carry out analysis on their bordereaux from their delegated books. Underwriters in turn are squeezing their brokers and producers for bordereaux in a timely manner that better conform to developing standards. Coverholders are starting to come under pressure to conform and are generally seeing binding authority renewals that include either implicit or explicit expectations of bordereaux format and quality.
Read More
December 2011 Bordereau Newsletter
If you are a careful reader of this monthly missive you are reminded that we mentioned this to you last month. We are noting it again because we have been reading article after article in the Wall Street Journal about the so called “rise of online software”. SAP AG acquired a SaaS company called SuccessFactors, Inc. for $3.4 billion last month and businesses world-wide are expected to spend over $28 billion on cloud services in 2011. By 2014 that figure is expected to more than double to $57+ billion.
Read More
November 2011 Bordereau Newsletter
BMS Group is a global insurance and reinsurance broker with its headquarters in London. You may have once known them as Ballantyne McKean & Sullivan. Jonathan Morris, managing director of BMS , made several interesting observations in an interview with Intelligent Insurer on page 2 http://content.yudu.com/A1ueot/BBMon/resources/1.htm, at the annual conference or reinsurers and reinsurance buyers in Baden Baden, Germany this week.
Read More
October 2011 Bordereau Newsletter
OK, we give up. We attended the Lloyd’s Coverholder Technology Forum in London on September 29th and 30th. We met many new friends and had time to socialize with our associates in the Bordereau System vendor community. We even sat through a novel production called none other than a “Vendor Carousel” in which all 20 system vendors (yes, including CATEX) had exactly three minutes to talk about their systems to a group of 250 tech forum attendees. Surprisingly, out of all 20 presentations the words “disaggregated data” were used in exactly one of them and that was by us at CATEX.
Read More
September 2011 Bordereau Newsletter
Webster’s dictionary defines the verb “to aggregate” as “to collect of gather into a mass or whole”. Be on the lookout for Bordereau Management Systems that can only produce aggregated data. A management system that reduced all of your delegated authority business into just a few lines revealing bordereau totals may seem attractive but it’s a waste of money and will probably result in you having to repeat the process offline so you can break the business down into more granular pieces.
Read More
July 2011 Bordereau Newsletter
CATEX has launched its latest bordereau management module named DataPure. Our Bordereau Management System allows users to upload bordereau in the various and disparate formats they receive from coverholders, and to map those into a consistent format for database entry and reporting and analysis. Now, with the Data Pure module, users can purify the data within those bordereaux to create consistent clean data across the entire book.
Read More
June 2011 Bordereau Newsletter
Read the article at left from the June 6, 2011 Insurance Day newspaper in London. Lloyd’s premium volume from Australia has jumped by 30% and a vast portion of that new premium is directly related to Lloyd’ s coverholders in Australia. In fact the entire trend validates the Lloyd’s business plan found on their website that describes delegated authority business as the fastest, most efficient way to promote the Lloyd’s brand and increase its exposure globally.
Read More
May 2011 Bordereau Newsletter
Lloyd’s, SOLVENCY II, Dodd-Franks, solvency stress tests, etc., are all in the news but do you know how those topics affect YOU and your day to day business? You had better because Lloyd’s, European and US regulators are taking actions that will capture the attention of your markets whether they are syndicates or US carriers.
Read More
April 2011 Bordereau Newsletter
We know that each month someone in your company has to sort through the e-mailed spreadsheets, mailed copies of policies, faxed risk lists, or ACCORD data to cull the data that you need to report to your market(s) each month. Our system, the Bordereau/Program Management System can make that process very easy and that’s only the smallest benefit of our system.
Read More