All reinsurance articles – Page 14
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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
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NewsLockton Re names Oliver Brew cyber practice leader
Most recently he was part of the CyberCube leadership team and has had senior roles at Aspen, Hiscox and Liberty
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NewsAxis Re president joins Pool Re as chief underwriting officer
The firm’s outgoing chief underwriting officer Steve Coates is set to retire early 2023
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NewsCatastrophic floods hit three Australian states
More extreme weather is on its way with widespread rain and storms forecast across eastern Australia later this week
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NewsZurich names Penny Seach group CUO
She replaces Hayley Robinson, who has decided to step down at the end of the year for family health reasons
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NewsMiller appoints Matthew Hooker as regional head of Energy for Asia-Pacific
Hooker joins from Allianz Global Corporate & Specialty, where he was Asia Pacific regional head of Energy & Construction
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NewsSiriusPoint names Steve Yendall chief financial officer
Yendall replaces current SiriusPoint CFO David Junius, who has resigned to pursue other opportunities
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NewsUkraine ‘protection gaps’ must be addressed
Solutions for supply chain, reputation and other risks are needed to tackle ’seismic’ change - Lloyd’s and Aon
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NewsLloyd’s finds ‘no evidence of any compromise’ following suspected cyber attack
The market has been advised that it can now restore its network services
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NewsJohan Slabbert appointed CEO of MSIG Holdings (US)
Veteran underwriter Andrew Carrier will take on Slabbert’s current role of MS Amlin chief executive
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NewsHurricane Ian to cost insurers up to $74 billion - RMS
Estimate reflects insured wind, storm surge, and inland flood impacts for the US with additional NFIP losses up to $10 billion
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NewsLloyd’s of London resets systems following potential cyber attack
The international insurance marketplace detected ‘unusual activity’ on its network
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NewsGallagher Re develops risk financing strategy for Senegal
It will combine public and private capital to finance the growing risks posed by climate change and food insecurity
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NewsMunich Re announces major new oil and gas policy
As of 1 April 2023 reinsurer will no longer invest in or insure projects exclusively covering new oil and gas fields
