All reinsurance broker articles – Page 4
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NewsCyber market reaches $16.6bn – Guy Carpenter report
Pricing for cyber insurance flattened or decreased in 2023, continuing to adjust throughout 2024, according to the reinsurance broker.
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NewsLockton Re Capital Markets appoints UK structuring, cyber ILS leader
New ILS hire in London joins Lockton Re from rival reinsurance broker Gallagher Re.
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NewsDavid Howden plea to brokers stresses London’s ‘untapped potential’
In a rapidly evolving geopolitical landscape, insurance alone has the power to de-risk potentially trillions currently sitting untouched on company balance sheets, according to Howden Group’s chief executive.
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NewsLockton Re adds two senior casualty brokers in London
Daniel Moruzzi and Matthew Cope have both joined the reinsurance broker’s international P&C division in London as senior brokers.
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NewsProperty cat ROL down 6.6% globally at 1/1 – Guy Carpenter
The reinsurance broker released its rate-on-line indices for property catastrophe business at the 1 January reinsurance renewal, headlined by a US decrease of 6.2% and an overall fall of 6.6% globally.
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NewsGallagher Re at 1/1: ‘tense’ casualty negotiations put onus on data; prop cat competition ‘responsible’
The reinsurance market is in a strong financial position at the 1/1 renewal, according to the reinsurance broker’s “1st View Report: Differentiation Rewarded” and an interview with Gallagher Re’s Chirag Shah.
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NewsGuy Carpenter on 1/1: ‘strong reinsurer appetite, excess prop cat capacity’
Non-loss-impacted property catastrophe renewals fell 5-15% risk-adjusted at 1/1, the broker said, but casualty reinsurance buyers experienced ”varying outcomes”.
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NewsLockton Re launches Portfolio Solutions arm
Led by Jeff Fleming in New York, the reinsurance broker’s new unit will target ‘US programs and MGAs’.
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NewsAon names O’Connell global cyber strategy leader, exec MD Reinsurance Solutions
Robert O’Connell was previously CEO of Bermuda-based Cyber Re and Platform Labs, focused on cyber underwriting, data science and analytics.
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NewsAon Client Treaty adds three new carriers and increases to 28.5% of placements
The broker’s ‘signature London market placement facility’, led by QBE, renews for 2025 offering 28.5% co-insurance across core lines of business.
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NewsHowden: cyber-attacks cost UK businesses £44bn in the last five years
The (re)insurance broker has estimated firms can reduce the cost of cyber-attack by up to 75% (£30bn) by implementing simple cyber security basics more widely.
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NewsHowden builds Hong Kong presence with Storfield acquisition
Re/insurance broking group buys an Asia Pacific specialist in small-to-medium sized enterprises and high-net-worth clients.
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News‘Inflection point’ reached in US casualty reserving – Lockton Re
Reinsurance broker’s paper highlights potential end to material adverse development in casualty lines for calendar year 2025.
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NewsNat cats in 2024 likely to surpass last year’s claims bill – Aon
A Q3 Global Catastrophe Recap report from Aon Reinsurance Solutions sees nat cat losses already exceeding $102bn for this year, while global reinsurer capital neared $700bn as of the year’s halfway point.
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NewsBetter risk selection could cut 16% from cyber insurers’ loss ratios – Gallagher Re
After a global study of 62,000 organisations, the reinsurance broker suggests removing “most at risk entities” from cyber insurance books could reduce loss ratios by up to 16%.
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NewsAon announces Hofmann as new US reinsurance CEO
Two new senior leadership roles in the US for reinsurance broker Aon.
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NewsAcrisure Re appoints Sharpe head of specialty reinsurance
London market appointment expands the reinsurance broker’s international reinsurance division, joining from rival Gallagher Re.
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NewsFirst ever insurance payout of Red Cross disaster fund triggered in 2024
Demands for disaster relief this year surpassed the ‘deductible’ threshold of the Red Cross and Red Crescent’s IFRC-DREF’ disaster fund, the NGO has reported.
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NewsHowden Re highlights improved Central European flood resilience
Significant investment by a number of Central European countries on flood defence measures since 2002 had a major impact in ameliorating the consequences of recent floods, the reinsurance broker said.
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NewsRance to lead Miller’s reinsurance broking strategy and innovation
Steven Rance and Charlotte Lowe join Miller’s reinsurance team, the intermediary said.
