All reinsurance articles – Page 28
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AXA XL appoints head of construction, UK and Lloyd’s
Al Baker has been with AXA since 2010 and was a civil engineer at Carillion prior to that
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“No room for complacency” in shipping industry
Crew and port congestion challenges and the war in Ukraine are among the challenging headwinds - AGCS
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US D&O market posts best results since 2014
Rate hikes exceeding 10% per quarter fuelled direct premium growth of 35% to $14.6 billion
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Munich Re reports €608m Q1 profit
Annual profit guidance of €3.3 billion remains unchanged, but risk landscape presents “considerable uncertainty”
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Pool Re slashes rates for terrorism cover
UK terrorism pool has announced the most significant reduction in its reinsurance pricing for 20 years
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SCOR: Ukraine and nat cat losses dent Q1 results
The reinsurer has reported a net loss of €80m for the quarter and a combined ratio of 103.7%
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Markel’s Co-CEO Whitt set for retirement
Jeremy Noble will lead Markel’s global insurance platform and Tom Gayner will become sole chief executive
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QBE Re undergoes organisational restructure
Peter Wilkins has been appointed to the newly-created role of chief underwriting officer QBE
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Swiss Re reports $248m Q1 net loss
Results reveal impact from the war in Ukraine, nat cat losses and financial market volatility
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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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Florida property insurers under “immense pressure”
Elevated reinsurance costs, coupled with higher loss and litigation costs, are challenging Florida property insurers - AM Best
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Rescuing assets stranded by carbon markets
Why carbon capture ecosystems offer a compelling opportunity, explains Wake Smith
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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