All News articles – Page 188
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News AgendaRMS puts $6.8-10bn estimate on Michael
Hurricane Michael will cause insured losses of between $6.8-10bn, according to RMS’s estimate
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News AgendaCEO debate: Huge cyber loss required to shake up pricing
A panel of industry leaders debated at this year’s Monte Carlo Rendez-Vous what it might take to finally shift pricing in the reinsurance sector
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News AgendaJapan’s Typhoon Jebi cost Swiss Re $500m in Q3
Swiss Re’s natural catastrophe claims burden of $1.1bn in the third quarter was dominated by Japanese weather-related losses
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News AgendaHurricane Michael: the strongest US landfall since Andrew
Catastrophe risk modellers have been tracking the storm’s behaviour and likely $6-10bn re/insurance losses, as Michael continues its path inland after crossing the Florida Panhandle
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News AgendaCincinnati Financial to buy Munich Re-owned Beaufort
The US insurer has agreed a €116m deal to buy Munich Re-owned MSP Underwriting, operating through Beaufort, which underwrites for Lloyd’s Syndicate 318
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News AgendaSeptember’s nat cats reveal under-insurance – Aon
Tens of billions of dollars in economic losses to hurricane, flood and earthquake disasters highlight the protection gap, according to Aon’s Impact Forecasting
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News AgendaGuy Carpenter preparing Blue Line facility for 1/1
Reinsurance broker Guy Carpenter is preparing a new London market reinsurance broking facility for facultative business globally, GR can reveal
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News AgendaLloyd’s clarifies claims situation after Brexit
A Part VII transfer will see Lloyd’s transfer its existing European Economic Area business to its Brussels company
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News AgendaTyphoons Trami and Jebi may hurt Japanese insurers’ ratings – S&P
September storms could be a blow to the creditworthiness of Japan’s top three insurers, according to S&P Global Ratings
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News AgendaRen Re investor calls for sale
TimesSquare Capital Management wrote an open letter to RenaissanceRe’s board, imploring them to sell the Bermudian reinsurer after the wave of recent re/insurance M&A activity
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News AgendaInsurtech collaborations winning out against acquisitions - report
Three-in-four insurance executives favour partnering on a solution-as-a-service basis, rather than buying insurtech firms, according to the World Insurtech Report 2018 from Capgemini and Efma
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News AgendaGrowing pains for top tier German reinsurers, says Jefferies
Munich Re is best placed among reinsurers to manage the re/insurance cycle, said the investment firm
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News AgendaMangkhut to cause $1-2bn insured losses - AIR
Typhoon Mangkhut closed the casinos in Macau, bringing business interruption costs to the world’s biggest gambling city
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News AgendaLloyd’s squeezes profit as Beale exits
Outgoing CEO Inga Beale exits Lloyd’s on a pre-tax profit of $776m for the first half of 2018 and a combined ratio of 95.5%
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News AgendaMMC buys rival JLT creating biggest reinsurance broker
On paper the deal creates the world’s largest reinsurance broker by combined revenues, and adds to Marsh’s lead as the biggest broker of primary insurance business
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News AgendaFickle Florence outfoxed forecasters and cat modellers
Hurricane Florence could cause somewhere between $2.5bn and $5bn of insured losses, according to differing catastrophe modelling estimates, but the storm’s behaviour has proven difficult for models to predict
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News AgendaHurricane Florence makes North Carolina landfall
Florence’s centre struck the US east coast at Wrightsville Beach in North Carolina, with winds reaching 90mph (150kph)
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News AgendaChaucer sold for $950m to China Re
China Re has bought Lloyd’s insurer Chaucer from US parent The Hanover
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News AgendaAon restructuring reflects a changing industry
Silos do not work in today’s re/insurance market, which is why Aon has changed its structure, Eric Andersen tells GR
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News AgendaBrokers at risk from artificial intelligence – Axa IM
Jerome Beranger says AI will take up many jobs once filled by humans
