All News articles – Page 201
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News AgendaSecondary perils are causing the bulk of cat losses – Swiss Re Sigma
Events such as wildfires and floods, so-called secondary perils for catastrophe risk re/insurers, constituted some 62% of insured losses from natural catastrophes in 2018, and more than 50% the previous year
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News AgendaAon points to rising populism and terrorism risks in Europe
A surge in support for populist politicians and an uptick in the number of attacks by far-right terrorists have created an increasingly complex risk environment for firms, according to re/insurance broker Aon
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News AgendaGallagher appoints Thompson as UK specialty, wholesale CEO
John Thompson has been announced as the new permanent CEO of Gallagher’s specialty London market and wholesale businesses
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News AgendaCat losses and investments keep London carriers out of profit
Beazley and Hiscox managed underwriting profits in 2018 due to their non-catastrophe exposed specialty classes, according to Fitch Ratings
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News AgendaDrop in downstream energy capacity
Willis Towers Watson’s energy market review traces the first decrease in downstream energy underwriting capacity since 2001
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News AgendaRate rises of 25% on loss-hit business, the rest flat – Willis Re
Reinsurance pricing was “rational” at April 1 renewals, according to broker Willis Re
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News AgendaBillion pound loss at Lloyd’s for 2018
Last year the re/insurance market paid out some £19.7bn in claims, and lost £1bn overall
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News AgendaLloyd’s responds to sexual harassment reports
The Lloyd’s market has announced a plan to create a safe and inclusive working environment
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News AgendaLloyd’s chief risk officer Weaver quits
Hilary Weaver, CRO at Lloyd’s, has left after 16 years at the insurance market
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News AgendaCyber market faces another claims test after Hydro hack
One of the largest aluminium producers in the world, Norway’s Hydro, is set to put cyber insurers to the test after a massive ransomware attack shut down the multinational’s operations
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News AgendaWillis Re appoints new London claims boss
The former Brit claims leader and Standard Syndicate 1884 managing director joins the reinsurance broker
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News AgendaPeak Re points to Guangdong GBA opportunity
A single market for China’s Greater Bay Area of Guangdong, Macao and Hong Kong is a major re/insurance opportunity, a senior Peak Re exec noted at a speech at Lloyd’s
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News AgendaUK insurers are prepared for Brexit, but Part VII transfers to go over the deadline
Part VII transfers for existing business will take time to be confirmed, but regulators are allowing for more time, provided the process is begun before March 29, according to an AM Best report
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News AgendaSwiss Re reinsurer for Ethiopian Airlines crash
Ethiopian Airlines Flight 302 crashed shortly after take off, south of the Ethiopian capital Addis Ababa on 10 March, killing 157 passengers and crew
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News AgendaEmerging markets to power next decade’s premium growth - Swiss Re Sigma study
Swiss Re expects the emerging market share of global insurance premiums to increase by 50% in the next 10 years
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News AgendaNo deal for Willis Towers Watson, Aon confirms
Two of the three biggest global re/insurance brokers will not combine, at least for now, Aon has stated
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News AgendaStorms on the political risk horizon - Marsh study
Heightened geopolitical tensions, protectionist sentiments and trade disputes have made the world more dangerous for cross-border business, according to Marsh
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News AgendaInnovation in Middle East markets – a little less conversation, a little more action
Insurers in Middle East markets talk about launching new products, but not enough innovation follows, JLT Re’s Russell Walters told GR
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News AgendaSaudi, UAE health market overcrowded, dropouts expected – Fitch Ratings
Fitch says the compulsory health insurance market is overcrowded and predicts the pressures on profitability will force out weaker players
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News AgendaHealth warnings amid profits for UAE insurers
2018 marked a second consecutive year of bumper profits for the UAE’s insurance market, according to an AM Best report
