All News articles – Page 85
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NewsReduced COVID impact benefits US-Bermudian reinsurers
Favourable reserve development is expected to continue, but there is still inflation to contend with, warns AM Best
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NewsClaims inflation could offset premium gains - Moody’s
The four largest European reinsurers reported a 47% decline in combined net profits for the first half of 2022
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NewsSwiss Re loses employment tribunal
Ruling finds former political risk underwriter was unfairly dismissed and subjected to sex discrimination
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NewsLloyd’s sets cyber policy exclusions for state-backed attacks
Managing agents must show that exclusion clauses have been legally reviewed
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NewsTop reinsurers achieve COR of 94% in H1 - Gallagher Re
This was supported by higher premiums, lower nat cat loss impact, higher prior year reserve development, and a lower expense ratio
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NewsUkrainian grain insurance facility secures first placement
Marine cargo and war facility has been extended to clients of Lloyd’s brokers
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NewsReinsurance capital could shrink in 2022 - AM Best
Driven by losses in investment markets, another severe property cat season could prove “adverse”
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NewsBest affirms Swiss Re ratings; puts ICR on ‘negative’
Negative outlook on the reinsurance group’s long-term issuer credit rating reflects operating performance pressure
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NewsInflation will “hurt” profitability of European insurers
Premium growth is expected to be slower and the average cost per claim is expected to rise, finds GlobalData
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NewsVida breaks ranks; offers support for R&Q’s Spiegel
A “dramatic change” to the executive leadership of R&Q would create a “major distraction”, insists shareholder
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NewsMarsh launches green and blue hydrogen insurance facility
Led by AIG and Liberty Specialty Markets, the facility offers up to $300m per risk including cover for property damage and BI
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NewsMapfre Re gets the green light for China subsidiary
The new business, which has initial operating capital of €72.5m, will be led by Ignacio Rodríguez Arteche
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NewsEuropean winterstorm losses creep up to €3.74 billion - Perils
The latest estimate makes the February storms the largest European windstorm loss since Kyrill in January 2007
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NewsInsurance M&A hits ten-year high
The sale of Athene Holding to Apollo Global Management for $7.7 billion is deal of the year so far - Clyde & Co
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NewsCyber: Hitting pause
At below $10 billion, why has the cyber re/insurance market failed to live up to its potential?
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NewsChris Killourhy to take the helm at QBE Re
He replaces interim MD Peter Wilkins, who took over following Steve Postlewhite’s departure earlier this year
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NewsBeazley’s Syndicate 5623 gets ‘in principle’ approval
The Beazley Smart Tracker participates on London market broker facilities, line slips and consortia business using a ‘follow’ model
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NewsOcean Re expands into Europe with Oceva Risk acquisition
Ocean Re is also looking to acquire or launch an insurance/reinsurance business in Europe and the UK
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NewsMunich Re retains position as world’s largest reinsurer
Together, Munich Re and Swiss Re accounted for 24.3% of reinsurance gross premiums written in 2021 - AM Best
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NewsBrickell backs calls to remove R&Q chairman
Former suitor says it has ”lost confidence” in R&Q’s as shareholder Phoenix insists Ken Randall should replace William Spiegel
