All reinsurance articles – Page 2
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Reinsurers need to modernise to stay differentiated
Technological investment by reinsurers is critical to remain relevant and will lead to greater long-term financial health, writes Tim Spencer, Duck Creek’s reinsurance leader for London Markets, UK, and Ireland.
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Aon names Walker leader of restructured global credit reinsurance team
A restructuring creates a new global credit team within Aon’s Reinsurance Solutions arm.
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Aspen makes new CUO reinsurance appointment
John Welch joins Aspen after leaving rival AXA XL Re to be its US-based chief underwriter for reinsurance.
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SCOR pays tribute to its chairman, Denis Kessler
It is with great sadness that GR has learned of the passing of Denis Kessler on June 9, 2023, at the age of 71. An editor’s note follows the obituary published by SCOR today.
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SCOR makes de Varenne deputy CEO and CFO
Interim CEO François de Varenne assumes the deputy CEO mantle at SCOR and also takes over the CFO position from Ian Kelly.
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RenRe to buy Validus from AIG for nearly $3bn
AIG is to divest its Bermudian reinsurer Validus, but will retain its Talbot Underwriting and Western World businesses, which were bought in the same deal in 2018.
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Aon appoints Marcell CEO of risk capital amid internal reorganisation
Andy Marcell will lead Aon’s commercial risk and reinsurance broking business, part of a restructure for its “Aon United” strategy.
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Munich Re quits Net Zero Insurance Alliance
Reinsurance giant cites potential for antitrust risks as it commits to pursuing decarbonisation goals on its own
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Cyclone Gabrielle costs NZ insurers $1.5 billion
Catastrophes represent ”one of the most challenging periods for the insurance industry since the Canterbury earthquake sequence” - PERILS
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Convex backs aviation MGA as it prepares for takeoff
’Tackling sustainability and safety in aviation are among the greatest responsibilities of the insurance market,’ says head of aerospace
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Swiss Re chairman Sergio Ermotti takes the helm at UBS
UBS rehired Ermotti as CEO to steer its massive takeover of neighbour Credit Suisse
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Industry cannot be expected to foot climate bill – Swiss Re
‘Holistic adaptation roadmaps that cut across all levels of society and sectors are vitally needed,’ says UK and Ireland chief executive
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Warning for London insurance market despite ‘stable’ rating issued
’Failure to prepare for risks could have capital implications,’ says rating agency
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Lloyd’s provides Blueprint II progress update after ‘great’ 2022
’2023 will be an important year for the delivery of Blueprint II,’ says chief executive
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Mozambique gains parametric cyclone solution
Africa Specialty Risks is lead reinsurer in the $35m placement for Africa’s second most disaster prone country
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Hard market dampens ILS investor appetite - AM Best
Sentiment among some ILS managers is that the supply of capital will remain tepid for some time
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PERILS pegs insurance losses from Turkey quake at $3.5 billion
A study by Koç University has put the economic losses in Turkey in the range of $70 billion to $87 billion
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Hardest renewal market in years as industry approaches 1 April
A shortage of capacity in property catastrophe markets has resulted in the hardest market since 9/11
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Hurricane Ian drives 2022 nat cat claims to breach $100 billion
Losses paint a picture of growing property exposure and exceptional inflation, says sigma
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PartnerRe reveals $1.1 billion net loss for 2022
Points to net unrealised losses of $1.8 billion on the asset side of its balance sheet as Bonneau cites improving underwriting conditions