All News articles – Page 56
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NewsAI: the game changer for reinsurance profitability and efficiency
Article by Heather Wilson, CEO, CLARA Analytics
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NewsPremiums up 12% last year – Gallagher Re
AIG reported the biggest improvement to underwriting profit in 2022’s fourth quarter, while Hannover Re dipped to an unprofitable combined ratio – the only reinsurer to do so.
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News
Aon suggests stability in rates in its reinsurance market report
The broker’s Reinsurance Market Dynamics report for April renewals points to signs of stability, after several torrid renewals for its reinsurance-buying clients.
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NewsMerger claims are on the rise, warns Howden M&A
Notification rates are expected to rise amid a challenging economic backdrop, according to the reinsurance broker’s latest M&A claims report
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NewsReinsurance pricing adding to UK non-life negative ratings outlook
Rating agency AM Best has maintained its negative view of UK non-life insurance, blaming a mix of macro factors, but also the continued hard market for reinsurance pricing
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NewsBest downgrades MS Amlin one notch, balance sheet remains “very strong”
Rating agency AM Best has downgraded the long-term issuer credit rating of London market re/insurer MS Amlin from “a+” to “a”.
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NewsMunich Re quits Net Zero Insurance Alliance
Reinsurance giant cites potential for antitrust risks as it commits to pursuing decarbonisation goals on its own
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NewsCyclone Gabrielle costs NZ insurers $1.5 billion
Catastrophes represent ”one of the most challenging periods for the insurance industry since the Canterbury earthquake sequence” - PERILS
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NewsConvex backs aviation MGA as it prepares for takeoff
’Tackling sustainability and safety in aviation are among the greatest responsibilities of the insurance market,’ says head of aerospace
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NewsSwiss Re chairman Sergio Ermotti takes the helm at UBS
UBS rehired Ermotti as CEO to steer its massive takeover of neighbour Credit Suisse
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NewsIndustry cannot be expected to foot climate bill – Swiss Re
‘Holistic adaptation roadmaps that cut across all levels of society and sectors are vitally needed,’ says UK and Ireland chief executive
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NewsWarning for London insurance market despite ‘stable’ rating issued
’Failure to prepare for risks could have capital implications,’ says rating agency
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NewsLloyd’s provides Blueprint II progress update after ‘great’ 2022
’2023 will be an important year for the delivery of Blueprint II,’ says chief executive
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NewsMozambique gains parametric cyclone solution
Africa Specialty Risks is lead reinsurer in the $35m placement for Africa’s second most disaster prone country
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NewsHard market dampens ILS investor appetite - AM Best
Sentiment among some ILS managers is that the supply of capital will remain tepid for some time
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NewsPERILS pegs insurance losses from Turkey quake at $3.5 billion
A study by Koç University has put the economic losses in Turkey in the range of $70 billion to $87 billion
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NewsLloyd’s reveals 2022 loss after paying out £21 billion in claims
With prices increasing by 8%, the Lloyd’s market has now seen 20 consecutive quarters of positive price improvement
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NewsHardest renewal market in years as industry approaches 1 April
A shortage of capacity in property catastrophe markets has resulted in the hardest market since 9/11
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NewsHurricane Ian drives 2022 nat cat claims to breach $100 billion
Losses paint a picture of growing property exposure and exceptional inflation, says sigma
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NewsPartnerRe reveals $1.1 billion net loss for 2022
Points to net unrealised losses of $1.8 billion on the asset side of its balance sheet as Bonneau cites improving underwriting conditions
