All News articles – Page 42
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NewsMunich Re exceeds 2022 profit guidance
Reinsurer targets €4 billion profit in 2023 as chairman Wenning praises firm’s resilience after €1.6 billion Ian hit
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NewsHurricane Ian drives up Conduit Re loss ratio
Start-up’s ultimate loss estimate for Hurricane Ian is $40.9m as the reinsurer posts full-year combined ratio of 107%
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NewsAfrica Specialty Risks approved as a Lloyd’s coverholder
ASR will begin by offering Political Violence and Terorrism cover across 47 African countries
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NewsCyber ILS has ‘momentum to succeed’ - Lockton Re
Securitisation can help ease the capacity constraints of the current hard market
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NewsNew casualty-focused MGA Casper to launch in the UK
It will operate independently as a sister entity of Miller, with capacity support from Argenta
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NewsMerged insurtech platforms to supercharge treaty renewals
The tech speeds up submissions and improves accuracy of risk pricing, helping reduce reinsurers’ loss ratios
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NewsConsilium launches specialty treaty reinsurance division
Broker will offer both proportional and non-proportional solutions, for clients ranging from start-ups to mature insurers and MGAs
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NewsAM Best puts CCR RE ratings under review
Under the proposed transaction, CCR will sell approximately 70% of its interest in CCR RE
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NewsMS Reinsurance expands senior leadership team
Reinsurer taps Axis Re, Swiss Re and Partner Re for C-suite roles, based in Zurich
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NewsSwiss Re posts 2022 net income of $472m after tumultuous year
Large nat cat claims reached $2.7 billion as the P&C Re combined ratio rose to 102.4% for the full year
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NewsKCC pegs Turkey quake claims at $2.4 billion
Total economic property losses from the M7.8 and M7.5 earthquakes are expected to be close to $20 billion
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NewsWill this ‘circuit breaker’ market win back capital?
The perfect storm of 2022 has nourished the green shoots of investor optimism in 2023
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NewsBrit increases cyber consortium capacity by 50%
The product is designed to protect clients from the impact of physical damage arising from cyber-attacks
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NewsOasis cyber data standard will ‘unlock additional capital’
Improving efficiency of data transfer is key for the cyber insurance market to reduce costs, says open source modeller
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NewsCat bond outlook bullish as hard market continues
ILS instruments have a “greater role to play” as reinsurers restrict catastrophe coverage
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NewsVoce’s Plants steps down from Argo board
It follows news that Brookfield Reinsurance will buy the group in a $1.1 billion merger following a 6-month strategic review
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NewsChaucer will “embed” ESG into underwriting model
The company intends to embed a pre-bind tool to determine the ESG score of prospective clients
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NewsBMS buys Spanish specialty broker Viafina
Broker has a strong track record in the construction, renewable energy and surety insurance sectors
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NewsSCOR extends partnership with insurtech Concirrus
Partnership will allow underwriters to more accurately price future risks within SCOR’s marine line of business
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NewsMoody’s downgrades SCOR’s IFSR to A1
Turnover in SCOR’s CEO role highlights ’challenges in the implementation of the Group’s succession plan’
