All Hard market articles
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NewsHardest renewal market in years as industry approaches 1 April
A shortage of capacity in property catastrophe markets has resulted in the hardest market since 9/11
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NewsDWIC 2023: Caught out by the hard market
A DWIC roundtable on underwriting discussed the impact of hardening reinsurance rates and new technology
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NewsHannover Re grows 2022 net income to €1.4 billion
Major losses were offset by investment contributions and a strong performance within life and health reinsurance
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NewsCoalition enters excess cyber market in the UK
The additional capacity will help more businesses get the coverage they need to protect themselves from digital risks
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NewsDWIC 2023: Time for emerging markets to shine
A dearth of cheap and plentiful reinsurance capacity could force emerging insurance markets to mature more rapidly
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NewsNat cats will continue to test reinsurers in 2023 - Moody’s
However, strong price increases coupled with higher investment income from rising interest rates will boost profitability
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NewsGCC insurers benefit from strong premium growth
S&P expects a modest uptick in earnings if insurers continue to reprice underperforming business
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NewsMunich Re exceeds 2022 profit guidance
Reinsurer targets €4 billion profit in 2023 as chairman Wenning praises firm’s resilience after €1.6 billion Ian hit
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NewsWill this ‘circuit breaker’ market win back capital?
The perfect storm of 2022 has nourished the green shoots of investor optimism in 2023
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NewsBrit increases cyber consortium capacity by 50%
The product is designed to protect clients from the impact of physical damage arising from cyber-attacks
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NewsCat bond outlook bullish as hard market continues
ILS instruments have a “greater role to play” as reinsurers restrict catastrophe coverage
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NewsHannover Re sees property cat rate hikes of 30%
Prices and conditions ’not seen in decades’ was present at 1 January, as reinsurer looks to mid year
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NewsSCOR rebalances book during ‘best market in decades’
Reinsurer further reduces exposure to natural catastrophe risks by 14% at 1 January
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NewsCoalition launches ‘full-stack’ cyber insurer
A- rated carrier will target small businesses and brokers and is backed by Coalition’s Active Insurance platform
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NewsSwiss Re’s three renewals takeaways
Capacity conundrums, late negotiations, rate increases and tighter wordings all came into play at 1 January
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NewsConsilium launches facultative reinsurance offering
Simon Richardson has been appointed managing partner of the division and joins from Besso Re
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NewsArcadian Risk Capital and Aviva in multi-year property binder
The target portfolio will be worldwide industrial and commercial property, mostly written on an excess-of-loss basis
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NewsConsilium names Paul Richards Co-CEO
He will lead the business as Co-CEO alongside James Baird who was appointed CEO in November
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NewsReinsurers’ underwriting margins to expand in 2023
Fitch believes some property catastrophe risks could become uninsurable as industry capital shrinks by 15%
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NewsFema cuts NFIP reinsurance programme for 2023
Its reinsurance placement has halved to $500m, amid hardening rates and diminishing capacity