All News articles – Page 69
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NewsAfter Stonegate: Unpicking Covid-19 BI aggregation potential
Why reinsurers should look to recent Covid-related judgments on the direct side in an effort to resolve uncertainty
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NewsAndy Holmes: Cyber will be the biggest risk code for Lloyd’s in 2023
CFC’s chief underwriting officer says cyber insurance has ’had to grow up’, but balancing regulation and value propositions is tricky
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NewsAmanda Blanc: Not enough women are at the top in insurance
Representation of females in senior financial services roles has only increased by 1% each year, Blanc told delegates
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NewsMapfre Re boosts capacity to meet increased demand
Capital raise of €250m will help boost the reinsurer’s growth at a time of ’improved technical conditions’
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NewsRSA launches low-carbon underwriting policy
Insurer has committed to achieving an underwriting portfolio for energy production that is over 75% low carbon by 2030
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NewsBMS buys Spanish broker Eisenar
Terms of the acquisition were not disclosed; Broker specialises in industrial risks and professional sports
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NewsConnect launches energy reinsurer Pixel Re
Start-up reinsurer will provide facultative capacity for attachment points of typically $500m and above
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NewsCompanies with higher ESG ratings are a better risk - study
Environmental ratings have the strongest correlation with loss ratios, according to the analysis by Howden and Fidelis
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NewsConvex Re Bermuda appoints deputy CEO and CUO
Paul Simons joins as depty CEO from AXA XL where he was most recently CEO of Bermuda Reinsurance
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NewsAM Best retains stable outlook on global reinsurance sector
Chief among the negative drivers is heightened natural catastrophe activity that continues to test investors’ risk tolerance levels
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NewsHowden completes buyout of AlphaXO Risk Partners
Australia-based specialty broker is one of the major marine insurance intermediaries in the Pacific region
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NewsHurricane Ian drives 2022 nat cat losses to $115 billion
Ian is the second-costliest insured loss ever on sigma records after Hurricane Katrina in 2005 - Swiss Re Institute
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NewsMixed picture for global reinsurers’ YTD results
SCOR, Swiss Re and MS&AD experienced the most deterioration in combined ratios following Hurricane Ian - Gallagher Re
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NewsAon names Robert De Souza president Reinsurance Solutions, APAC
John Carroll will succeed De Souza as Reinsurance Solutions’ CEO of Australia and New Zealand
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NewsNigeria gains parametric flood resilience scheme
Solution will pay out based on flood magnitude with funds targeted for immediate infrastructure reconstruction
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NewsFidelis receives approval for private-equity backed MGU
The Fidelis MGU will be led by chairman and CEO Richard Brindle, and Fidelis Insurance Group will be led by CEO Dan Burrows
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NewsFlorida buyers will struggle for capacity at 1/1 - Fitch
Rating agency predicts double-digit rate rises for property catastrophe cover driven by insured losses of c.$120 billion
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News1/1 renewals will test industry’s relevance
The renewals period represents a time to move towards, not away from risk, says Aon’s Andy Marcell
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NewsInsurance placed for UK’s first space rocket launch
Once operational, Forgestar will be the world’s first fully returnable and re-launchable satellite platform
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NewsInsurers are innovating to address nature loss - Geneva Association
Over 50% of global GDP is dependent on natural capital and ecosystem services, many of which are close to ‘tipping points’
