Lessons from CBL

Lessons from CBL

Earlier this year the New Zealand carrier CBL Insurance Ltd was placed in interim liquidation. The parent group’s Irish carrier (CBL Insurance Europe DAC) has also been put into administration (though the group’s Australian carrier, Assetinsure Pty Ltd, stresses that it continues to operate normally). Whether the

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Some of my best friends are actuaries… or why I built “an Introduction to the Mathematics of Reinsurance”

Some of my best friends are actuaries… or why I built “an Introduction to the Mathematics of Reinsurance”

All professions build mystiques. It’s intellectual protectionism. Lawyers use Latin a lot (not as much as they used to but their replacement phrases are almost as incomprehensible), accountants create impenetrable legislation and rules. You will have your own lists and examples. Actuaries, statisticians and modellers don’t really

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So close yet so far

So close yet so far

So close and yet so far! How to turn a positive outlook into an upgrade. Achieving a rating upgrade once the outlook has been changed to positive is often regarded as little more than a formality. However, what could be taken for granted may turn out to

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