David Rains, Managing Director Contact Medical While most renewal activity in this segment occurs at January 1, subsequent placements confirm that a highly competitive market exists for medical reinsurance. Capacity was rational but ample, with incumbents often renewing aggressively to avoid losing the business. Beyond competitive pricing, reinsurers looked to add greater value ... Continue Reading »
David Rains
Initial Reactions to Health Care Reform: An Insurer and Reinsurer Perspective: Index to Articles
David Rains, FSA, MAAA, Managing Director and Head of Life, Accident & Health Specialty and Ryan Keith, Assistant Vice President Contact With the passing of the Patient Protection and Affordable Care Act, the environment for health insurers has drastically changed. What we do know is that these changes will have a significant and immediate impact on every organization ... Continue Reading »
Initial Reactions to Health Care Reform: An Insurer and Reinsurer Perspective, Part II: Changes with the Biggest Impact
David Rains, FSA, MAAA, Managing Director and Head of Life, Accident & Health Specialty and Ryan Keith, Assistant Vice President Contact In addition to the themes addressed in the introduction, several other specific aspects of health care reform were on the top of most executives’ minds. Based on the feedback received, this article identifies the following seven aspects of ... Continue Reading »
Initial Reactions to Health Care Reform: An Insurer and Reinsurer Perspective: Part I, Introduction
David Rains, FSA, MAAA, Managing Director and Head of Life, Accident & Health Specialty and Ryan Keith, Assistant Vice President Contact With the passing of the Patient Protection and Affordable Care Act, the environment for health insurers has drastically changed. Undoubtedly, the wheels of progress move slowly and we have only begun to understand the full impact that the ... Continue Reading »
Reinsurance Renewal July 1, 2010: Capital Cushion Continues to Impact Pricing: Index to Series
Part I: Introduction and US Property: Further erosion of rates was evident at the July 1, 2010 reinsurance renewal. Property rates were down by as much 15 percent despite substantial catastrophe loss activity in the first half of 2010. Heavy losses from the Chilean earthquake were insufficient to turn prices outside the areas immediately affected by the earthquake, despite ... Continue Reading »
Reinsurance Renewal July 1, 2010: Capital Cushion Continues to Impact Pricing: Part V, Life, Accident & Health
David Rains, FSA, MAAA, Managing Director and Head of Life, Accident & Health Specialty Contact Medical The passage of health reform in the United States has put medical insurers in the challenging position of trying to understand how to manage unlimited lifetime claim maximums. In the short term, annual caps on payments are still allowed, easing the transition, but this ... Continue Reading »
April 1 Renewals: US Life and Accident & Health
David Rains, FSA, MAAA, Managing Director and Head of Life, Accident & Health Specialty Contact Life and Personal Accident Catastrophe The 2010 accident year started with extreme seismic activity. The Haiti earthquake caused both tragic loss of life and massive property damage on a tremendous scale. Also tragic, but less severe, the Chilean earthquake stimulated tsunami ... Continue Reading »
GC Podcast 02 – July 1 LAH Renewals (David Rains)
David Rains, Global Head of the Life, Accident & Health Specialty, discusses the July 1, 2009 life, accident, and health reinsurance renewal in this new GC Capital Ideas podcast. Click the audio player below to listen to the interview, or download the interview in a file that will work with your i ... Continue Reading »
Mixed Bag
David Rains, FSA, MAAA, Managing Director and Head of the Life, Accident and Health Specialty Practice and Dean Kidd, Managing Director Contact There's no single answer to the question of capital availability in the global life, accident, and health (LA&H) market. Reinsurers are responding to the returns possible for specific risks, which is driving their capital allocation ... Continue Reading »
H1N1 Cases up, Lethality Down through June 2009
David Rains, FSA, MAAA, Managing Director and Practice Leader -- Life, Accident & Health Specialty Contact The lethality of the H1N1 swine flu outbreak has declined over the past month. As of May 6, 2009, H1N1 had a lethality rate of 1.98 percent. This has fallen to 0.61 percent as of June 3, 2009. ... Continue Reading »
