All News articles – Page 54
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NewsEmpowering Insurance Agility: Technology’s Crucial Role in Advanced Exposure Management
In the intricate tapestry of re/insurance, where uncertainty and opportunity entwine, effective exposure management emerges as the compass guiding insurers through a dynamic, ever-evolving market, writes Ebix Europe sales director James Pring.
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NewsWar risk and cyber restrictions weigh on cargo renewals – IUMI panel
Cargo reinsurance underwriters are adding fresh restrictions, particularly relating to cyber and war risks, but what’s covered and what’s not under new wordings is a cause of confusion for brokers and clients, according to a reinsurance panel at IUMI 2023.
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NewsAon’s Schultz on a record year for cat bonds, cyber ILS outlook, and ‘Bermuda-esque’ London Bridge 2
Bouncing back from a tough end to last year, 2023 will be a record year for the catastrophe bond market, according to Aon Securities CEO, Paul Schultz.
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NewsTalanx launches rights issue in search of €300m capital
The German insurer said the goal of its capital raising exercise was to enhance the trading liquidity of its shares and strengthening its position in equity indices.
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NewsGreen shoots have now taken root – S&P Global Ratings
‘We believe that the sector is now well equipped to earn its cost of capital,’ says director of insurance ratings.
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News‘Flight to quality’ provides confident outlook for 2024 – Hannover Re
‘Adequate pricing is a prerequisite for us to offer the best possible reinsurance capacity,’ says the reinsurer’s chief executive.
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NewsNo clear price or definition for SRCC risks, warns MAPFRE RE
The Spanish reinsurer did not succeed in getting SRCC exclusions and restrictions it sought during July’s Latin American renewals, and wants to tighten terms for social unrest risks in 2024, MAPFRE RE’s CUO told GR at the Monte Carlo RVS.
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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.
