News – Page 69
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NewsCompre Covéa deal brings finality to legacy medmal
Medical Insurance Company DAC covered professional medical malpractice risks until it entered run-off in 2015
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NewsBaden Baden: German motor insurers face 2022 underwriting loss
Ongoing supply chain disruption and inflation are impacting German motor books
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NewsBaden Baden: Litigation could significantly inflate Ian loss - Verisk
Loss creep on Hurricane Ian claims are likely as inflation and social inflation drive up costs, thinks Yörn Tatge
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NewsBaden Baden: The cycle has reasserted itself - Flandro
The reinsurance industry is grappling with the ‘most difficult renewal since 2006’, says Howden Analytics’ boss
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NewsBaden Baden: Cedants demand extra €1 billion in limit - Hannover Re
Inflation, losses and demand for additional nat cat capacity in the German market alone will see rates rise substantially
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NewsExtinction Rebellion activists target Baden Baden meeting
Meanwhile, Insure our Future puts the spotlight on the controversial East African Crude Oil Pipeline project
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NewsBaden Baden: Demand for reinsurance has never been stronger
The industry must rise to the challenges of our age, said industry leaders at the Baden Baden Reinsurance Symposium
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NewsBaden Baden: Trapped capital will further dent European capacity - Munich Re
Hurricane Ian will exacerbate Europe’s reinsurance supply and demand imbalance, further driving up rates
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NewsBaden Baden: Cedants must dramatically increase retentions
As reinsurance capacity retreats and inflation soars, insurers must be prepared to retain more risk - Swiss Re
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NewsVolante opens shop in the DIFC
It will offer a combination of treaty and facultative reinsurance across multiple lines through Lloyd’s Syndicate 1699
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NewsMunich Re estimates Ian loss of €1.6 billion
It has become ‘significantly more challenging’ to hit its FY profit target of €3.3 billion
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NewsAllianz Trade names Somersan Coqui CEO and chair
It follows the departure of Clarisse Kopff to head the Europe and Latin America non-life division of Munich Re
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NewsThomas Blunck to become Munich Re chair as Jeworrek steps down
Torsten Jeworrek who has been with the company for a total of 32 years and a member of the Board for two decades
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NewsGallagher Re: Ian was Southwest Florida’s ‘Andrew’
Hurricane is set to be one of the costliest US catastrophe events on record; despite building code ‘success stories’
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NewsUK specialty MGA launches for hard to place risks
The team is headed up by energy underwriter Philippe Bara and property fac underwriter Mark Palmer
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NewsNat cats cost insurers $99 billion so far in 2022
Economic losses through the end of Q3 2022 are estimated at $227 billion, representing a protection gap of 56 percent
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NewsSCOR appoints David Guest as head of Crisis Management
Guest was most recently Global Specialty regional leader, APAC & Middle East at AXA XL
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NewsSwiss Re pegs Ian losses at $1.3 billion
The reinsurer estimates the total insured market loss from Hurricane Ian at $50 billion to $65 billion
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NewsHurricane Ian will test cat bond capacity
ILS-trapped capital from Hurricane Ian is estimated at $15 billion to $18 billion
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NewsIan will have ‘devastating impact’ on full-year underwriting results
Continued rise in interest rates will further pressure total investment returns and reported book values - Aon
