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    Reinsurance roars on
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    Prof Michael Mainelli, director of the Z/Yen Group, which compiles the GFCI, said the Irish regulators “stuck to their guns” in the way they regulated insurance, and it is this stability that is attractive to new entrants. "While the full impact of Ireland’s economic woes have hit home in the most recent GFCI survey, published in September, in which Dublin dropped back 13 places to 23rd, without Dublin’s reputation as an insurance centre, it would have fallen back even more." Although Dublin also fell out of the insurance top 10, Mainelli says it was still ranked highly as an insurance centre, and it was this strong performance, along with funds, that meant it didn’t fall even further than 23rd place. Full Article at Irish Times
    While the full impact of Ireland’s economic woes have hit home in the most recent GFCI survey, published in September, in which Dublin dropped back 13 places to 23rd, without Dublin’s reputation as an insurance centre, it would have fallen back even more.
    SOURCE: Irish Times 1 month ago
All quotes from:
Reinsurance roars on
  1. I think that increasingly people recognise now that in a global financial environment the tentacles of mistakes that are made in one jurisdiction can and do spread to another, which is why I’ve always believed that neither regulation nor corporate governance, but only a much better emphasis on values-ba...
    SOURCE: Irish Times 1 month ago
  2. The reality is that reinsurers are now the ultimate shock absorbers in a financial system that is very vulnerable. We know that even with Solvency II, that such cushions that we think are impregnable are often very brittle
    SOURCE: Irish Times 1 month ago
  3. I don’t think the reputation of the IFSC per se has been impacted by that at all . . . I think events like Cologne Re are seen by the wider global community for what they are – they are the inevitable tensions that occur in what is a global market
    SOURCE: Irish Times 1 month ago
  4. The success of the IFSC cluster of reinsurance companies was unexpected and extremely important and it did give critical mass to the IFSC itself
    SOURCE: Irish Times 1 month ago
  5. We had looked at a few locations in Europe, but wanted to be in a marketplace where the quality of people was high
    SOURCE: Irish Times 1 month ago

Recent Photos From The Wire

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  2. NAPIER, NEW ZEALAND - DECEMBER 11: Daryl Tuffey of New Zealand throws the ball back at the stumps as Imran Farhat of Pakistan holds his ground during day one of the Third Test match between New Zealand and Pakistan at McLean Park on December 11, 2009 in Napier, New Zealand.
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  9. NAPIER, NEW ZEALAND - DECEMBER 11: Iain O'Brien of New Zealand celebrates the wicket of Misbah Ul Haq of Pakistan during day one of the Third Test match between New Zealand and Pakistan at McLean Park on December 11, 2009 in Napier, New Zealand.
  10. NAPIER, NEW ZEALAND - DECEMBER 11: Iain O'Brien of New Zealand celebrates the wicket of Misbah Ul Haq of Pakistan during day one of the Third Test match between New Zealand and Pakistan at McLean Park on December 11, 2009 in Napier, New Zealand.
  11. NAPIER, NEW ZEALAND - DECEMBER 11: Iain O'Brien of New Zealand celebrates the wicket of Umar Akmal of Pakistan during day one of the Third Test match between New Zealand and Pakistan at McLean Park on December 11, 2009 in Napier, New Zealand.
  12. NAPIER, NEW ZEALAND - DECEMBER 11: Iain O'Brien of New Zealand celebrates the wicket of Misbah Ul Haq of Pakistan during day one of the Third Test match between New Zealand and Pakistan at McLean Park on December 11, 2009 in Napier, New Zealand.
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