All Global Reinsurance articles in Online – Page 65
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NewsShift away from cat risks creating more “stable” market
A number of re-alignment initiatives have been taking place for at least the last three years, notes AM Best
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NewsArgo reveals $22.5m net loss for H1
With a combined ratio of 95.6%, the group benefited from more favourable pricing and its exit from catastrophe lines
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NewsArgo appoints GuideOne’s Snyder president, US insurance
With a track record of restructuring and transformation, she will report to Tom Bradley, Argo’s executive chairman and CEO
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NewsUkraine: A ‘Matrix moment’ for climate change
The choices governments make in response to the Ukraine conflict might either accelerate or delay the global transition to net-zero emissions
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NewsAon taps University of California to enhance wildfire model
Recent events in North America have changed the perception of wildfire as a secondary peril
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NewsPartnerRe-Covea bucks the trend as M&A wanes
Fitch expects reinsurers to prioritise pricing, risk management and organic growth
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NewsMitsui Sumitomo confirms Transverse buyout
The acquisition increases MSI’s US presence and offers access to specialist MGA, wholesale and other broker-led distribution channels
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NewsMunich Re reveals €130m of drought losses in Q2
The reinsurer generated a profit of €1.4 billion in the first six months of the year driven by strong organic growth in property-casualty reinsurance.
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NewsGallagher buys crisis and risk management consultancy
AnotherDay provides crisis expertise across political risk/political violence, D&O and criminality, and cyber
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NewsCyber rate rises of 300% ‘not uncommon’ - Miller
Despite ‘no material change in exposure’, insurers are upping premiums by 100% on average and reducing capacity
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NewsAxa braces for Ukraine-Russia claims
Some of the insurer’s crisis management policies have been ‘triggered’, reveals group chief financial officer
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NewsHannover Re reports combined ratio of 99% in H1
The reinsurer is maintaining its profit guidance after generating group net income of €649 million in the first six months
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NewsSiriusPoint reports net loss of $278m in H1
Interim CEO Malloy says the firm is continuing to ”prioritise the improvement of its Reinsurance underwriting results”
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NewsLloyd’s receives approval for second PCC
The second London Bridge PCC (LB2) will offer a number of extensions in the coverages it can write
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NewsSwiss Re launches ILS advisory subsidiary
The company offers investment management services, with a particular focus on catastrophe bonds
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NewsIGI to buy Norwegian energy MGA
Upon completion of the acquisition, EIO will be renamed IGI Norway
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NewsUIB expands Latin American property team
Based in UIB’s London office, they join existing team member Carlos Rueda, reporting to Julian Ball, UIB’s Co Head of Non-Marine
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NewsHiscox appoints Stéphane Flaquet as chief operating officer
He is currently group chief transformation officer and Interim chief executive officer for Hiscox UK
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NewsSwiss Re reports $938m in H1 catastrophe claims
First half income of $157m was dented by natural catastrophe losses, COVID-related losses and reserving for the war in Ukraine
