All reinsurance articles – Page 8
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NewsArcadian Risk Capital and Aviva in multi-year property binder
The target portfolio will be worldwide industrial and commercial property, mostly written on an excess-of-loss basis
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NewsCalifornia floods highlight need for “robust private market” - AM Best
Many homes covered by the NFIP would benefit from an excess policy above the NFIP coverage limit
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NewsAviation start-up Itasca Re launches in Bermuda
Launched by Castlelake, Itasca Re will be led by aviation industry veteran Kostya Zolotusky
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NewsConsilium names Paul Richards Co-CEO
He will lead the business as Co-CEO alongside James Baird who was appointed CEO in November
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NewsSwiss Re appoints Velina Peneva as Group CIO
She will succeed Guido Fürer following his retirement after 25 years at Swiss Re
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NewsMS Amlin APAC renews Phoenix Re sidecar
Secures $45m of additional collateralised capacity after investors show support for ’diversifying region and perils’
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NewsConvex promotes Brian Bissett to group CFO
As part of a planned transition of roles Benji Meuli will be stepping aside to become chief investment officer
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NewsCyber war exclusions top industry’s list of concerns for 2023
Climate change and ESG responsibilities will also shape the direction of travel this year, predicts RPC
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NewsReinsurers’ underwriting margins to expand in 2023
Fitch believes some property catastrophe risks could become uninsurable as industry capital shrinks by 15%
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NewsShirel Stedman joins board of Flood Re
It is a ‘critical time’ for flood risk with climate change on the rise and Flood Re due to exit the market in just 16 years
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NewsCyberCube model used to structure first cyber cat bond
The insurance market will see greater partnerships with ILS fund managers in 2023, research suggests
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NewsFederico Casini to head up Howden Italy
He joins as chief executive from Aon SpA, where he was executive chairman
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NewsAntares promotes Eddie Hughes to head of reinsurance
He previously served as class underwriter, marine and energy reinsurance
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NewsFema cuts NFIP reinsurance programme for 2023
Its reinsurance placement has halved to $500m, amid hardening rates and diminishing capacity
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NewsArdonagh Specialty joins Brokerslink network
The move strengthens the network’s access to the London and Lloyd’s markets
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NewsTMK launches 'all singing, all dancing' life sciences product
Policy includes intellectual property and cyber coverage in a first for the Lloyd’s market
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News2022 nat cats set new records with $120 billion in claims
Hurricane Ian accounted for half of insured losses, making it the second most costly storm in history - Munich Re
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NewsWhy redundant reserves are a $1 billion problem - Pro
Market has over $1 billion in unused loss fund reserves, despite claims being paid in full
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News2023 could mark return to cash-flow underwriting
US commercial insurance pricing rose by an average of 5.7% in 2022, but there rates are beginning to moderate
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NewsIndustry’s first cyber cat bond to ‘unlock’ market potential
The $45m bond gives Beazley protection against all perils in excess of a $300m catastrophe event
