All News articles – Page 63
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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
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NewsRyan Dodd: Parametric solution ‘wasn’t the intent, it was the result’
Founder and CEO of Intangic says cyber insurance policy can ‘ease some of the headache’ for risk managers
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NewsPanic spreads despite emergency takeover of Credit Suisse
UBS seeks to “preserve the value left in the business while limiting downside exposure”
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NewsDjibouti signs five-year disaster risk financing deal with ARC
Deal to protect climate-vulnerable communities in the Horn of Africa covers drought and excess rainfall
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NewsGallagher Re names Wakefield CEO as Kent transitions to group role
Tom Wakefield will succeed James Kent at Gallagher Re as the intermediary looks to build out its reinsurance capabilities
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NewsUS insurers have $1.16 billion in assets exposed to bank collapses
The failures of Silicon Valley Bank, Silvergate and Signature Bank present near-term challenges, which insurers should absorb - Fitch
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NewsCyber MGA Intangic launches with AXA XL-backed parametric policy
The policy has two triggers: the level of malicious activity targeting a company, and a subsequent loss in value
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NewsSaudi megaprojects: Opportunities and risks for global reinsurers
Given the size and scale of many of these projects, the global reinsurance market will have a significant role to play, say Chris Panes and Hassan Abdulfattah
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NewsSVB collapse was near miss for D&O writers - AM Best
The banking failure emphasises the importance of a robust risk management structure, especially for annuity writers
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NewsLloyd’s names Bob James COO; doubles down on technology delivery
He will focus on aligning the Blueprint Two programme with the wider Corporation Operations function
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NewsLondon-based specialty MGA Nirvana launches
Nirvana has been set up by founding directors Kabir Chanrai and Rob Jones after a buyout from Castel
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NewsDWIC 2023: Caught out by the hard market
A DWIC roundtable on underwriting discussed the impact of hardening reinsurance rates and new technology
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NewsDWIC 2023: Health insurance space fit and well
COVID-driven awareness, population shifts and technological enhancements keeping health insurance market optimistic
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NewsNew York parametric flood pilot will use satellite data
Guy Carpenter, Swiss Re and ICEYE have joined forces to test a parametric flood insurance program for New York City
