All reinsurance articles – Page 9
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News1 January confirms dislocated reinsurance and retro markets
Some US buyers failed to fill their programmes as Howden describes one of the ‘hardest reinsurance markets in living memory’
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NewsEastern Australia floods top 2022 ex-US cat losses for insurers
The floods cost insurers $4.7 billion, while European winter storms generated $4.2 billion in claims - CRESTA
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NewsKCC puts Winter Storm Elliott losses at $5.4 billion
Estimate includes the privately insured damage to residential, commercial, and industrial properties and vehicles
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News1/1 renewal is the ‘most challenging’ sector has experienced - Guy Carp
There are still placements to complete as broker compares dislocated market to post-9/11 and KRW
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NewsSukoon syndicate-in-a-box gains DIFC approval
Led by Amey Masurkar, it will be the first SIAB to operate outside of London with the support of Lloyd’s DIFC
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NewsChedid Capital and IRM launch certificate in risk management
The course is aimed at insurance and reinsurance professionals across MEASA and has been ‘eagerly awaited’
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NewsFlorida reforms will offer relief to ‘dire situation’ - AM Best
New laws include the elimination of AoB. But reinsurance and ILS capacity will remain limited for some time
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NewsPool Re welcomes new duty of care law
Locations with a capacity of 800 or over will require a risk assessment and implementation of a security plan
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NewsWTW welcomes Lloyd’s Asia’s Tom Haddrill
He has been named regional head of Broking for Central and Eastern Europe, Middle East and Africa
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NewsBMS appoints Mike Duffy as strategic adviser to UK specialty
Most recently, Duffy was group chief underwriting officer of Canopius, having joined the company in 2006
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NewsGallagher Re eyes ambitious Dutch expansion
As head of the Dutch office, Bob Reichenfeld will succeed chairman Gerrit Van Emst, who is retiring
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NewsNext Gen platform will go live in February 2023
In 2022, PPL bound approximately 200,000 risks – three times the number before the pandemic
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NewsSCOR renews its contingent capital facility
Provides up to €300m coverage in case of extreme events or a significant fall in the share price
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NewsHowden appoints Marc Lehmann as head of Climate Analytics
He joins from Jupiter Intelligence, a climate risk data and analytics provider
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NewsAM Best: European insurers enjoy post COVID profits
Earnings improved overall, and a number of players saw materially higher profits in the absence of pandemic-related losses
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NewsSompo completes sale of EAL to RiverStone
Sale of the run-off business is part of Sompo’s strategy to consolidate its UK presence into one company market platform
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NewsProperty rates set to soar 50% at 1/1 - Beazley
Beazley is ready to ‘step up’ at a time of market dislocation, says Treaty head Patrick Hartigan
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NewsClimate change justifies 50% property cat rate hikes - EY
Cat events have cost UK re/insurers more than double over the past six years than the preceding decade
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NewsBMA introduces ‘targeted enhancements’ to regulatory regime
Revisions will bolster Bermuda’s international reputation and financial stability, says industry body
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NewsMunich Re raises profit guidance for 2023
In its reinsurance business, the group is aiming for a profit of around €3.3 billion next year with a COR of 86%
