All News articles – Page 67
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Florida property insurers under “immense pressure”
Elevated reinsurance costs, coupled with higher loss and litigation costs, are challenging Florida property insurers - AM Best
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Rescuing assets stranded by carbon markets
Why carbon capture ecosystems offer a compelling opportunity, explains Wake Smith
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QBE launches US specialty casualty re/insurer
Hires team from Berkshire Hathaway to lead new unit, headed by Karen London
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Net Zero could double size of London market
Supporting insureds on their transition journeys could generate $125 billion by 2030 - LIIBA
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Antoine Gosset-Grainville succeeds Duverne as AXA chair
Denis Duverne is stepping down after seven years; Thomas Buberl remains chief executive
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Axis CEO refuses to be drawn on sale rumours
Benchimol sidestepped questions over the rumoured sale of the firm’s $3 billion reinsurance unit
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‘Stagflation’ is back, warns sigma
Claims inflation is expected to affect non-life insurers’ profitability in 2022, leading to further market hardening in 2023
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Lancashire reveals Ukraine net losses up to $30m
Points to potential exposures within political violence, aviation, marine and specialty reinsurance classes
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Axis reveals 45% drop in cat reinsurance premium
Rumours of a sale of the firm’s reinsurance arm come as it reduces exposure to catastrophe lines
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Are you ready for the SEC climate rules?
Publicly-listed firms will be compelled to report on third party climate risks as well as their own
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Markel reveals Q1 investment losses
The reinsurance company saw an improvement in its combined ratio despite losses relating to Russia-Ukraine
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Lockton names Hentenaar European CEO
He replaces Chris Brown, who is taking on the newly-created role of president, Lockton International
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Commercial rates rise for the 18th consecutive quarter
Hard market is beginning to moderate but inflationary pressure could impact pricing going forward - Marsh
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ILS a key solution to climate crisis - MAS
21 ILS transactions have been launched in Singapore since 2018, including a growing number by Asian cedants
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Vantage enters US cyber insurance market
Andrew Lea has joined from CNA Insurance to underwrite cyber liability, tech E&O and professional liability risks
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Swiss Re enters Lloyd’s Lab
The reinsurer has entered the accelerator’s eighth cohort with an ESG proposition
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Fitch lowers reinsurance sector outlook to neutral
Russia-Ukraine war represents a “mid-sized catastrophe event” as hard market begins to ease
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AM Best puts Italian insurers on negative outlook
Economic uncertainty, declining profitability and elevated risk profiles are causes for concern
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Ariel Re provides Ecogensus with performance guarantee cover
Lloyd’s Syndicate 1910 provides insurance coverage to backstop comprehensive performance guarantees for Ecogensus’ recyclers
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Michel Liès succeeds Denis Duverne as IDF chair
Liès is chairman of Zurich Insurance Group and formerly CEO of Swiss Re