All News articles – Page 71
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NewsMunich Re raises profit guidance for 2023
In its reinsurance business, the group is aiming for a profit of around €3.3 billion next year with a COR of 86%
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NewsInsurance sector ‘perfectly positioned’ for carbon removal action – Swiss Re
Swiss Re’s senior risk manager advises underwriters to not be ‘scared’ of providing cover for carbon removal
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NewsQBE International names Rob Stone CFO
He was most recently managing Equator Re, QBE’s inward reinsurance facility, before stepping in to run the Finance, Actuarial and Legal function
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NewsFresh protests in the City over controversial coal project
It follows a tip-off that Probitas1492 is insuring the Adani Carmichael’s thermal coal project rail line, haulage operation and port
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NewsLime Syndicate Management gets green light from Lloyd’s
Headed up by former Barbican boss David Reeves, it will offer new clients a legacy-free ‘plug and play’ solution
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NewsDescartes launches balance sheet insurer
Sébastien Piguet, Descartes Underwriting’s chief underwriting officer, will serve as CEO of Descartes Insurance
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NewsLloyd’s welcomes Richard Dudley as Council member
He replaces Dominic Christian, who will be stepping down on 31 January 2023 after nine years
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NewsBermuda reinsurers anticipate $13 billion in Ian claims
Total (re)insurance losses resulting from Hurricane Ian are expected to total between $50 billion and $75 billion
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NewsFitch follows S&P in SCOR downgrade
Downgrade reflects the reinsurer’s continued weak financial performance, which “has worsened in 2022”
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NewsInflation and nat cats are creating ‘perfect storm’ at 1/1
A sharp reduction in available nat cat reinsurance capacity will make for a challenging renewal season - Clyde & Co
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NewsChina insurance outlook revised on easing of lockdown rules
AM Best has revised its market segment outlook on the China non-life insurance industry to stable from negative
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NewsHong Kong unveils risk and insurance roadmap
Markets in the Mainland and Hong Kong will be brought closer to transform the SAR into a ’global risk management and insurance hub’
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NewsLloyd’s participants should “lean into” hard market - Tiernan
Market has “headroom” to grow its cat appetite and syndicates with ’capacity, capability and expertise’ should take advantage
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NewsNeil Smith steps down as Hampden CEO
He will be replaced by Alistair Wood, currently a director of Hampden Agencies and head of research
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NewsSiriusPoint International in slew of senior hires
SiriusPoint Ltd has appointed Rob Gibbs as president of its international business and CEO of SiriusPoint International Insurance Corporation
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NewsDelays continue to hinder Blueprint Two delivery
The programme is at a ’pivotal’ point, says John Neal, as he insists the programme will be delivered in 2024
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NewsKorean Re adopts coal-exit strategy
The move by Asia’s second largest reinsurer is welcomed, but there are calls to restrict coal from its treaty business
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NewsBeazley Smart Tracker gains full syndicate status
Will Roscoe, who has managed the Smart Tracker since 2019, has been appointed its active underwriter
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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
