All reinsurance articles – Page 22
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Howden Re expands presence in Germany
Guy Carpenter’s Carsten Thienel will head up the new operations as part of a concerted push in the DACH region
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FLOIR's warning as Demotech moves to downgrade 17 carriers
Florida Office of Insurance Regulation slams the move; says rating agency is exerting ’coercive influence’
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SCSs drive $39 billion in 1H nat cat claims
Claims were 18% higher than the 21st century average, with Severe Convective Storms accounting for over half of losses
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Cyber: Banning ransoms is a ‘blunt policy instrument’
A ban could encourage ransomware attackers to engage in new, more malicious forms of extortion, warns Geneva Association
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Russian gas cut-off would be uninsured - Fitch
Businesses suffering losses in such a scenario may be able to claim under political risk policies, but it would not be straightforward
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Swiss Re hires chief commercial officer, Reinsurance Solutions
Paul Latarche joins Swiss Re from Verisk where he currently leads the international sales team
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AXA XL expands US cyber team
Rachel Rossini becomes product manager for Cyber and Technology E&O, and Vern Suckerman becomes US head of Complex Accounts
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BHSI opens shop in Switzerland
Leander Metzger has been appointed country manager for the new office in Zurich
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European wildfires rise 75% YOY
As wildfires have only recently been considered a material peril, the modelling is not as developed, finds Chaucer
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US MGA market hits $70 billion
Growth in 2021 was well in excess of the robust growth achieved in the P&C market as a whole, finds Conning
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Howden launches dedicated capital markets business
Mary O’Connor will lead the new unit, joining from KPMG where she was acting CEO
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Re/insurers brace for cryptocrash impact
Insurers are likely to review or amend policy wordings to ensure they are not indirectly insuring losses
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Insurers must deploy capital ‘confidently’ to tackle cyber crunch
Demand for cyber insurance has increased - but so has the price
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Covéa finalises purchase of PartnerRe from Exor
Thierry Derez, chief executive of Covéa Group, will replace Brian Dowd as chairman of PartnerRe’s board of directors
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SCOR sheds light on Brazil drought claims
Reinsurer blames climate change for an increase in the frequency and severity of extremely hot and dry events
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Sovereign names new president as Lowenstein retires
Natalie Chiaramonte was previously COO of Chubb’s political risk re/insurance subsidiary
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Global insurance premiums to surpass $7 trillion in 2022 - sigma
However, the combination of a sharply slowing global economy and a multi-decade-high inflation will weigh on total premium growth
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WTW buys climate risk analytics firm
Fintech Butterwire will be integrated into WTW’s Climate and Resilience Hub in Glasgow
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Lloyd’s commits to One Lime Street
The Lloyd’s market will remain in the iconic Richard Rogers-designed building until at least 2031
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GCube hires head of London Market Underwriting
Olly Litterick joins from Occam Underwriting Limited where he was director – head of Low Carbon Energy