All reinsurance articles – Page 17
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NewsAeolus and SUNY collaborate on hurricane prediction
The research will look at the medium-term time forecast horizon, using machine learning techniques
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NewsFidelis introduces new fossil fuel restrictions
Pledges are in line with Fidelis’ recently made pledges as a member of the Net-Zero Insurance Alliance
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NewsMarsh clients can use carbon credits in lieu of broker fees
Program (in partnership with Bank of America) provides ‘another incentive’ for clients to invest in carbon removal
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NewsUK regulations have ‘suffocated’ London’s competitive edge
The news comes as Prime Minister Liz Truss is set to announce sweeping reforms to the financial services industry
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NewsCCR to sell €200m stake in CCR Re
French reinsurance mutual needs to grow and become autonomous in the face of growing nat cat losses, says Board
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NewsHurricane Fiona threatens Bermuda as a cat 4
After a remarkably quiet hurricane season to date, Fiona is gaining strength as it passes over Grand Turk Island
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NewsSupport our transition journeys, FERMA urges re/insurers
Exclusions, limited or unavailable cover are ‘punishing’ insureds for embracing the green transition, says European risk association
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News(Re)insurance sector can no longer ‘waste time’ when it comes to tackling systemic risks – PWC
Finding industry-wide ways to deal with systemic risks is ‘not an urgent task’ the (re)insurance sector has so far undertaken – but this needs to change, says PWC partner
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NewsReinsurers risk misunderstanding secondary perils due to cat models
PWC predicts a ‘pretty expensive year’ as secondary perils drive up losses ahead of H2’s Florida hurricane season
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NewsReinsurance sector needs to invest in cloud-enabled analytics
Although PWC partner believes reinsurance is ‘a little bit behind’ the primary market in terms of digital transformation, Acord vice-president thinks the sector is ‘on the edge of insurtech’
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NewsNew cyber syndicate gets green light from Lloyd’s
Trium Cyber, a risk carrier backed by Jim Stanard’s Pelican Ventures, expects to write $50m of gross premiums in 2023
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NewsLosses paid to Florida carriers quadruple in just three years
Losses paid by US-domiciled reinsurers topped $1 billion in 2021, prompting market correction - AM Best
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News Gallagher Re names Swiss Re’s Choniski head of Embedded Insurance
He will be responsible for creating an embedded insurance solution for clients in North America
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NewsChedid Re names Elie Abi Rached global CEO
Joe Asmar has been named deputy CEO, whilst retaining his role as group head of facultative reinsurance
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NewsProperty cat retrenchment is improving market ‘stability’
Most large European players remain committed to cat business, but are moving away from lower layers of protection - AM Best
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NewsAsta and Acrisure to launch 'low-touch' Flux syndicate
Flux is expected to generate gross written premium of £106.7 million in 2023, of which 70% is new to Lloyd’s
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NewsUS insurers have minimal investment in ILS and cat bonds - AM Best
Just five companies accounting for 70% of industry investments, despite significant growth of alternative market
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NewsGallagher Re names Steve Bowen chief science officer
He joins following 15 years at Aon, where he most recently served as managing director and the head of Catastrophe Insight
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NewsBasi: Ukraine is the ‘Hurricane Andrew’ of the specialty markets
Industry must brace for profound changes ahead as economies shift away from globalisation after three decades
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NewsAon names Jeremy Goodman UK president, Reinsurance Solutions
He replaces Nick Frankland, who will now focus fully on his role as chairman of Aon’s Strategy and Technology Group
