All reinsurance articles – Page 4
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NewsGallagher Re buys Optio-owned Lloyd’s broker
The newly acquired business will become part of the firm’s Global Programmes practice group
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NewsSwiss Re secures $700m in second stop-loss deal with JP Morgan
Transaction offers the reinsurer “cost-efficient capital that can be deployed in the current attractive market”
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NewsACORD: Digitisation is a baseline necessity
Disruptors will capture a material share of premium and profit by 2040, according to a quarter of respondents
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NewsSiriusPoint and Compre agree $1.3 billion reserve transfer
Hailed as a ‘transformational deal’, it is one of the largest transactions underwritten in the legacy market
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NewsFidelis MGU promotes Ben Fortune to CUO Bermuda
Fortune will be responsible for overseeing all books of business written out of Bermuda
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NewsSCOR reports net loss of €301m in 2022
The combined ratio for the P&C unit stands at 113.2% as Kessler acknowledges it was a “disappointing” year
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NewsAcrisure launches Central European subsidiary
Mathias Pahl will serve as president of Acrisure Deutschland GmbH and head of DACH
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NewsNat cats will continue to test reinsurers in 2023 - Moody’s
However, strong price increases coupled with higher investment income from rising interest rates will boost profitability
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NewsGCC insurers benefit from strong premium growth
S&P expects a modest uptick in earnings if insurers continue to reprice underperforming business
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NewsEverest Re names Bogardus Singapore CEO
He will continue to lead the expansion of Everest Reinsurance’s Asia Pacific business
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NewsInsurance M&A hits post-pandemic peak in 2022
There were 449 completed M&As last year, the highest for a decade, with strong prospects for 2023, says Clyde & Co
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NewsLMA launches new chief underwriting officers committee
The new body intends to support Lloyd’s market members through guidance and strategy implementation
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NewsDavid Robinson appointed CEO of Optio Group
He was instrumental in establishing Optio Re MENA Ltd, which began trading February 2023
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NewsTotal Turkey quake claims will exceed $5 billion - RMS
These loss estimates reflect the impact of the earthquakes in Turkey only; losses in Syria are not included
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NewsMunich Re exceeds 2022 profit guidance
Reinsurer targets €4 billion profit in 2023 as chairman Wenning praises firm’s resilience after €1.6 billion Ian hit
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NewsHurricane Ian drives up Conduit Re loss ratio
Start-up’s ultimate loss estimate for Hurricane Ian is $40.9m as the reinsurer posts full-year combined ratio of 107%
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NewsAfrica Specialty Risks approved as a Lloyd’s coverholder
ASR will begin by offering Political Violence and Terorrism cover across 47 African countries
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NewsCyber ILS has ‘momentum to succeed’ - Lockton Re
Securitisation can help ease the capacity constraints of the current hard market
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NewsNew casualty-focused MGA Casper to launch in the UK
It will operate independently as a sister entity of Miller, with capacity support from Argenta
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NewsMerged insurtech platforms to supercharge treaty renewals
The tech speeds up submissions and improves accuracy of risk pricing, helping reduce reinsurers’ loss ratios
