News – Page 70
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NewsSwiss Re taps JP Morgan for $1.15bn in alternative capital
Innovative hybrid transaction via Matterhorn Re is first of its kind to combine bank financing and ILS
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NewsMarine war, property and aviation exposed to Ukraine losses
With ports closed and commercial shipping activities reduced, less impact on marine liability is anticipated - Miller
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NewsAIG looks to pull back from Russia and Ukraine
The insurance giant is understood to be considering adding exclusion clauses to policies for firms operating in the region
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NewsAIG names Tom Bolt chief risk officer
Bolt replaces Sabra Purtill and was most recently chief underwriting officer, General Insurance
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NewsClimate protesters block Lloyd’s entrance
Extinction Rebellion has blocked access to the market as it calls on re/insurers to stop insuring fossil fuel projects
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NewsUkraine drives Q1 losses up to $30 billion - Guy Carp
An active natural catastrophe period combined with the Russia-Ukraine conflict are driving claims severity
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NewsInigo issues first catastrophe bond
Montoya Re is a $115m transaction covering earthquake and windstorm risk in the US, Canada and Japan
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NewsAon Names Ferreira as LatAm Reinsurance CEO
Pablo Muñoz becomes Reinsurance Solutions LatAm chair and strategic growth leader of Global Facultative Reinsurance
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NewsUkraine crisis adds to inflation risk for insurers
Persistently high inflation will increase P&C insurers’ claims, eroding their earnings - Moody’s
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NewsSwiss Re targets ROE of 14% for 2024
The Group has completed its turnaround of Corporate Solutions and improved P&C margins - CEO Mumenthaler
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NewsWorld’s first crypto reinsurer launches
Relm II can accept both fiat and crypto as collateral and is domiciled in Bermuda
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NewsRenRe launches casualty/specialty sidecar
Institutional investors also backed joint venture Fontana, which has launched with $475m of capital
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NewsSIRC 2022 will be an in-person event
The reinsurance conference is returning on 31 October to 3 November at Singapore’s Sands Expo & Convention Centre
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NewsRussia sanctions create fallout for trade credit insurers
Businesses seeking trade credit insurance may find cover unavailable as insurers react to ongoing sanctions
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NewsO’Donnell is named chair of ClimateWise
Kevin O’Donnell, president and CEO of RenaissanceRe, will head up the industry climate action body
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NewsGuy Carpenter appoints Enoizi as Public Sector head
The former Pool Re boss will lead Guy Carpenter’s Public Sector practice in a newly-created role
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NewsReinsurance Pool legislation passes in Australia
The risk pool for cyclone and cyclone-related flood will launch in just three months
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NewsOrderly renewal at 1 April - Gallagher Re
Capacity largely sufficient in most classes as inflation becomes a key topic
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NewsReinsurance sector retains stable outlook - AM Best
Hardening trend is expected to continue in 2022 after major cat losses in 2021
