All News articles – Page 46
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NewsBaden Baden: Moody’s RMS to invest ‘full guns blazing’ in cyber as market reaches tipping point
Catastrophe modeller Moody’s RMS is investing heavily in cyber modelling in response to re/insurance demand.
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NewsRansomware attacks break records, up 95% in 2023 – Corvus
Law practices, government agencies, manufacturing, oil and gas, transportation, logistics and storage sectors were among the sectors hardest hit by a record-breaking spike in ransomware attack frequency.
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NewsBaden Baden: Upward pricing momentum continues, reinsurers “shouldn’t forget” previous years – Ariel Re
For this week’s reinsurance meeting in Baden-Baden, property underwriters for Ariel Re are upbeat about continued hard market pricing.
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NewsBaden Baden 2023: Hard market conditions driving buyer interest in alternative reinsurance – Guy Carpenter
The reinsurance broker used its symposium at the start of the Baden Baden meeting to discuss alternative reinsurance structures for meeting capacity needs and the inflow of new capital.
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NewsBaden Baden: Hannover Re stresses upward pressure on German P&C terms and pricing
High inflation and claims expenditure on lines from motor insurance to property catastrophe events mean German reinsurance rates will rise, Hannover Re warned.
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NewsLloyd’s reveals global economy exposed to $3.5trn major cyber attack
A systemic risk scenario from Lloyd’s focused on “a hypothetical but plausible cyber-attack”, with the US, China and Japan hardest hit.
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NewsOka gets Lloyd’s ‘in principle’ approval for Asta-managed SIAB 1922
A new “syndicate in a box” gets the nod from Lloyd’s to go ahead, expecting to begin underwriting at the start of next year.
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NewsMunich Re’s Winter predicts a hard market for casualty in 2024
The casualty reinsurance market is firming up, due to US legal trends and inflation, said Marcus Winter, president and CEO of North American P&C reinsurance at Munich Re.
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NewsHowden Ventures innovation hub launches with £500m capacity
New incubator backed by delegated underwriting capacity from backed by Lloyd’s underwriters, including Tokio Marine Kiln, Chaucer, and Liberty Specialty Markets. Its first investment was named as CetoAI, a marine technology firm.
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NewsFidelis MGU, Castlelake launch Itasca MGA for aviation business
Investment manager Castlelake said it believes aircraft non-payment insurance has the potential to unlock attractive financing increasingly out of reach for many aircraft buyers and owners.
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NewsDUAL appoint Harries group underwriting director
Harries joins DUAL, the MGA arm of Howden from Berkshire Hathaway Specialty Insurance.
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NewsSwiss Re calls for insurance innovation to meet digital risks
Latest Sigma study from the Swiss Re Institute focuses on the threat posed by a digital risk protection gap.
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NewsGallagher Re publishes report on ‘Gray Rhino’ cyber cat risk
A new paper from reinsurance broker Gallagher Re is focused on the prospect of a large-scale, systemic cyber-attack.
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NewsHowden settles Guy Carpenter lawsuit, regrets “unlawful” poaching
A lawsuit brought by Guy Carpenter against rival broker Howden over recruitment practices has ended in a settlement and a statement of regret from Howden.
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NewsAon completes its return to India through Global Insurance Brokers acquisition
Aon has come full circle since 2015 when it exited its Aon Global JV, returning to the Indian market and buying out its former broking partner in full.
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NewsPE “at home, evolving” within reinsurance capital raising - Ariel Re
There remains a home for private equity within Ariel Re’s capital raising efforts, said its head of international property reinsurance, Joel Willens.
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NewsMoody’s RMS developing point location data for simpler cat models
2024 is tipped to be the hottest year for 100 million years, with droughts and wildfires continuing to be a major threat, according to the cat modeller’s chief research officer.
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NewsGuy Carpenter appoints Dimitrijevic to lead APAC capital advisory
The reinsurance broker’s new regional head of capital advisory was previously led Swiss Re’s P&C business management for Asia Pacific.
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NewsMoody’s global cyber survey finds 50% rise in cyber insurance premiums
Buyer budgets are on the rise while C-suite visibility of cyber risk has also markedly increased, Moody’s Investors Service found.
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NewsChina is post peak but a Taiwan war would be “uniquely crazy” - Lord Patten speech
Spooks might rate the risk of conflict at 50:50, but Hong Kong’s last British governor used an insurance example to illustrate why Beijing is unlikely to launch a war with Taiwan.
