All News articles – Page 33
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NewsChedid Capital acquires Trilogy London market MGA
The MGA arm of Chedid has announced the acquisition of UK-based Trilogy Managing General Agents.
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NewsUnderwriting discipline crucial – Munich Re
$100bn of annual insured losses in natural catastrophe is the new normal, says Munich Re board member.
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NewsMoving on up - GR’s annual RVS benchmarking survey
Hard market momentum continues as hurricane season gears up. Pricing is expected to rise, said the overwhelming majority of respondents to GR’s 2023 renewals survey.
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NewsICEYE: A new level of situational awareness
Global Reinsurance spoke to ICEYE’s Andy Read about the critical role of hazard data in supporting public-private partnerships and how the satellite-data company is working with governments to improve disaster response.
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NewsPreparation key ahead of specialty lines renewals – Guy Carpenter analysis
Stability returned to the market at mid-year renewals for specialty reinsurers buyers, but firming rate pressures continue, terms are tight, and capacity at lower attachment points is limited.
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NewsLondon could be a $10bn ILS market in five years
Michael Wade, former crown representative for insurance, who pioneered London market ILS legislation, shares his hopes and expectations for the growth of capital markets risk transfer in London.
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NewsLockton Re makes bid to separate first and third party cyber risks
The broker used a Monte Carlo briefing and cyber risk report to note a divergence of appetites between reinsurers comfortable with first party short tail risks and third party long tail risks.
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NewsReinsurance capital levels showing signs of recovery across 2023 – Aon
Reinsurance firms have “produced pretty good results over the last nine months,” says Aon’s head of business intelligence, as they now hope to see out the remainder of the hurricane season without a major reinsurance market loss event.
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NewsRussell Group promotes exposure analysis across aviation, marine, energy, casualty scenarios
The data and analytics firm emphasised that corporate insureds are prone to more complex threats and connected scenarios in its Monte Carlo briefing.
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NewsReinsurance sector undergoing ‘dynamic shift’ as it seeks opportunities in primary insurance – AM Best
Data provided by AM Best showed that re/insurer’s allocation of net premium written for primary insurance had jumped from 25% in 2018 to 38% in 2022.
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NewsNew US cyber insurance loss index launched by PERILS, CyberAcuView
PERILS, the Zurich-based nat cat exposure and loss data provider, has partnered with CyberAcuView to provide an insurance database of cyber market loss data.
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NewsNon-life insurers’ profitability to lag behind cost of capital in 2023 – Swiss Re Sigma study
The elevated risk landscape calls for more frequent adjustments to underwriting practices, says Swiss Re’s P&C reinsurance chief underwriting officer.
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NewsReinsurers holding firm, hard market pressure remains – Guy Carpenter
Reinsurance broker Guy Carpenter used its pre Monte Carlo briefing to underline the continuing hard market pressure on clients and their brokers.
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NewsA new era for SCOR - interview with Jean-Paul Conoscente
The hard market will continue into 2024, thinks SCOR’s Jean-Paul Conoscente, as the reinsurer embarks on a new management era, following the sad passing of its former chairman and CEO, Denis Kessler.
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NewsThe most exciting market in my career – Guy Carpenter’s Carter
Pricing shocks, macro volatility and emerging risks in constant flux are making today’s re/insurance market at turns scary and exciting, thinks Vicky Carter, Guy Carpenter’s Chairman, Global Capital Solutions, International.
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NewsHow are insurers preparing for another hard reinsurance renewal?
With 1 January 2023 renewals the most difficult in years, how are reinsurance buyers feeling about the prospect of another hard market renewal at 1/1?
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NewsChina-Taiwan: “Astonishing” divergence of views across Lloyd’s
Political risk underwriters struggled to reach any consensus when asked by Lloyd’s to respond to a data collection exercise discussing conflict scenarios between China and Taiwan, GR can reveal. This article has been updated to include input from Lloyd’s.
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NewsMAPFRE RE focusing on stability amid market turn
Changing dynamics at renewals do not mean a major shift in the portfolio for Spanish reinsurer MAPFRE RE, which is focused on the stability of its long-term client relationships.
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NewsMcGill makes inroads with flexible fac strategy
A single P&L at broker McGill and Partners includes its expanding facultative team.
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NewsHiscox Re’s Kathleen Reardon: Leaning into the hard market
Kathleen Reardon, CEO of Hiscox Re & ILS, discusses the reinsurer’s approach to the market, following its stellar start to 2023.
