All reinsurance news articles – Page 2
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News
Hannover Re reveals ‘higher than expected’ losses in Q1
The reinsurer’s combined ratio in property and casualty reinsurance increased to 99.5%
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How climate change will shape offshore exposures
Climate change puts offshore energy and shipping sectors under increasing pressure - Chaucer
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Australia’s 2022 flood costs break previous records
Floods in February and March are estimated to have cost $3.35 billion in insured losses
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QBE launches US specialty casualty re/insurer
Hires team from Berkshire Hathaway to lead new unit, headed by Karen London
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Antoine Gosset-Grainville succeeds Duverne as AXA chair
Denis Duverne is stepping down after seven years; Thomas Buberl remains chief executive
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Axis CEO refuses to be drawn on sale rumours
Benchimol sidestepped questions over the rumoured sale of the firm’s $3 billion reinsurance unit
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‘Stagflation’ is back, warns sigma
Claims inflation is expected to affect non-life insurers’ profitability in 2022, leading to further market hardening in 2023
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Axis reveals 45% drop in cat reinsurance premium
Rumours of a sale of the firm’s reinsurance arm come as it reduces exposure to catastrophe lines
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Are you ready for the SEC climate rules?
Publicly-listed firms will be compelled to report on third party climate risks as well as their own
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Markel reveals Q1 investment losses
The reinsurance company saw an improvement in its combined ratio despite losses relating to Russia-Ukraine
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Vantage enters US cyber insurance market
Andrew Lea has joined from CNA Insurance to underwrite cyber liability, tech E&O and professional liability risks
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Swiss Re enters Lloyd’s Lab
The reinsurer has entered the accelerator’s eighth cohort with an ESG proposition
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Fitch lowers reinsurance sector outlook to neutral
Russia-Ukraine war represents a “mid-sized catastrophe event” as hard market begins to ease
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Ariel Re provides Ecogensus with performance guarantee cover
Lloyd’s Syndicate 1910 provides insurance coverage to backstop comprehensive performance guarantees for Ecogensus’ recyclers
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PCS: Ukraine losses to exceed $20 billion
Ultimate losses will likely be much higher with potential for the conflict to surpass 9/11
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Q1 nat cat economic losses reach $32 billion
Quarter was the sixth consecutive Q1 to record more than $10 billion in re/insurance claims
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AM Best lowers Argo Re’s BCAR score
Material adverse reserve development in 2021 raises new concerns
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AIG 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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AIG names Tom Bolt chief risk officer
Bolt replaces Sabra Purtill and was most recently chief underwriting officer, General Insurance
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