News – Page 59
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NewsMonitoring catastrophe events from space
Rafal Modrzewski, CEO and co-founder of ICEYE, explains how advances in data are opening up new industry possibilities
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NewsLloyd’s reports H1 COR of 91.4%, despite Ukraine loss reserving
Market reveals a net investment loss of £3.1 billion for the first half, contributing to an overall loss of £1.8 billion
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NewsReinsurance market reaches ‘a tipping point’ - Howden
Risks are escalating as the world lurches from one crisis to another, bringing about a fundamental shift in supply and demand, warns broker
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NewsInflation will drive huge demand for cover - Guy Carp
It’s time for reinsurers to “lean in” and deploy more capacity, urged the reinsurance broker in its pre-RVS briefing
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NewsSiriusPoint names Scott Egan CEO
He was most recently the chief executive of Royal Sun Alliance (RSA) UK & International
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NewsPartnerRe names Abina Kealy new CFO
She succeeds Nick Burnet, who will be leaving the Company to pursue other opportunities
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NewsCat bond market grows to $36 billion - Aon
If current activity levels continue, ILS market issuance figures could rival the record calendar year issuance in 2021
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NewsHowden RE and TigerRisk to create mega MGA business
Howden Tiger SabRE will become an MGA/Programme broking group with over $6 billion of premium
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NewsGlobal reinsurers about to turn a corner - S&P
But the sector remains negative, reflecting the rating agency’s expectations of credit trends over the next 12 months
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NewsGR Main Edition 2022: Disrupting the Oligopoly
As market practitioners prepare to meet once again in Monte Carlo, the current headwinds are undoubtedly challenging… but they are not insurmountable.
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NewsRise of the underdog
David Howden has long had ambitions to be a top player in reinsurance broking, and he is finally in a position to take on the ‘Big Three’
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NewsTigerRisk expands ILS team
Based in New York, Mitchell Rosenberg will report to Philipp Kusche, Global Head of ILS & Capital Solutions.
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NewsInsuring the transition
The industry has a ‘once in a lifetime’ chance to support the transition to Net Zero. So what are we waiting for?
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NewsSompo International agrees sale of EAL to ‘withdraw’ from Lloyd’s
The move marks the culmination of the firm’s strategy to divest itself from Lloyd’s and focus on the London market
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NewsMoody’s downgrades Peak Re to Baa1; outlook negative
It follows rating action against majority shareholder, Fosun, amid contagion concerns
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NewsInvestment losses, nat cats and Ukraine dent 1H22 results
There was a strong year-on-year decline in profitability in 1H22 for the four main European reinsurers, reports Fitch
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NewsR&Q rebukes Phoenix in assertive open letter
Board expresses continued support for William Spiegel and accuses Phoenix of causing ’disruption’ and ‘distraction’
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NewsGlobal reinsurers split on nat cat risk
Around half of the top 21 have retrenched, with others increasig their exposure to natural catastrophe risk, finds S&P
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NewsLiz Truss moots FCA and PRA merger
The frontrunner to be next UK prime minister has pledged a shake up of the City of London regulators
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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
