News – Page 57
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NewsProperty cat retrenchment is improving market ‘stability’
Most large European players remain committed to cat business, but are moving away from lower layers of protection - AM Best
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NewsUS insurers have minimal investment in ILS and cat bonds - AM Best
Just five companies accounting for 70% of industry investments, despite significant growth of alternative market
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NewsLondon market still catching up on admin backlog caused by pre-pandemic ‘creaking systems’
London market firms are ‘leaning into the need to move to a digital marketplace’, causing a technology ‘revolution’
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NewsGallagher Re names Steve Bowen chief science officer
He joins following 15 years at Aon, where he most recently served as managing director and the head of Catastrophe Insight
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NewsBasi: Ukraine is the ‘Hurricane Andrew’ of the specialty markets
Industry must brace for profound changes ahead as economies shift away from globalisation after three decades
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NewsAriel Re: It’s time to stop selling Ferraris at Ford pricing
Reinsurer’s Joel Willens expects to see a further reduction in appetite for property cat going into the renewal season
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NewsLondon market has ‘real opportunity’ to be ‘an innovator’ for climate change transition risks
Brokers, insurers, regulators and markets all have a role to play in supporting the transition to net zero carbon emissions, says professional services firm partner
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NewsHiscox Re and ILS reports profitable H1 in 2022 despite US and Australia weather events
H2 is off to a positive start as well because it is ‘the first time in 25 years we haven’t had named storms make landfall since August’, says chief underwriting officer
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NewsDon’t miss the transformation boat - Xceedance
Times may be uncertain, but reinsurers must continue to invest in both quick wins and longer term transformation projects
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NewsAon names Jeremy Goodman UK president, Reinsurance Solutions
He replaces Nick Frankland, who will now focus fully on his role as chairman of Aon’s Strategy and Technology Group
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NewsCyber capacity flags despite reinsurance sector ‘starting to get its hands around’ this risk
Reinsurance chief underwriting officer states that systemic risks are ‘beyond the insurance and reinsurance industries’ alone
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NewsSwiss Re takes drastic action to cut RVS carbon footprint
There is a very obvious impact from climate change on secondary perils after a summer of extremes
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NewsSCOR UK names Chris Beazley CEO
The former MS Amlin CEO takes over from Stuart McMurdo, who was appointed CEO of Reinsurance in June, replacing Michel Blanc
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NewsHiscox Re is ‘looking forward’ to continued hard market – Matthew Wilken
Reinsurer’s chief underwriting officer emphasises that inflation ‘doesn’t scare us’
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NewsBMS Re Bermuda taps Gallagher Re Bermuda for CEO
McDowell joins BMS Re from his most recent role as CEO of Gallagher Re Bermuda (formerly Willis Re Bermuda)
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NewsLockton Re is ‘fixated on culture’ – Tim Gardner
Alongside a strong culture focus, the reinsurance broker is also ‘born digital’, homing in on cloud-based tech rather than ’30-year-old legacy systems’, says global chief executive
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NewsLockton Re’s new capital markets division plans ‘to be as agnostic as possible’ for clients
Broker chairman says ‘we’re a better firm if we have capital markets capabilities’
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NewsReinsurance pricing correction ‘unavoidable’ - Hannover Re
Large loss trend, pandemic and rising inflation require further improvements in prices and conditions, insists reinsurer
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NewsMS Amlin loses ‘Amlin’ name in rebrand
’MS Reinsurance’ will continue to underwrite from its platforms in Zurich, Bermuda, Miami and New York
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NewsRenewals in specialty market ‘incredibly complex and challenging’ due to Russia-Ukraine conflict
Despite 1 January renewals being ‘orderly’, following the onset of the war, many specialty coverages ‘were excluded post-April’
