All Renewals articles – Page 3
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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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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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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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NewsDescartes launches balance sheet insurer
Sébastien Piguet, Descartes Underwriting’s chief underwriting officer, will serve as CEO of Descartes Insurance
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NewsInflation and nat cats are creating ‘perfect storm’ at 1/1
A sharp reduction in available nat cat reinsurance capacity will make for a challenging renewal season - Clyde & Co
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NewsSpecial Report: Road to 1/1
It was straight to business this year as reinsurers, brokers and cedants entered one of the most challenging renewal seasons in years
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NewsConnect launches energy reinsurer Pixel Re
Start-up reinsurer will provide facultative capacity for attachment points of typically $500m and above
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NewsFlorida buyers will struggle for capacity at 1/1 - Fitch
Rating agency predicts double-digit rate rises for property catastrophe cover driven by insured losses of c.$120 billion
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News1/1 renewals will test industry’s relevance
The renewals period represents a time to move towards, not away from risk, says Aon’s Andy Marcell
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NewsBaden Baden: The cycle has reasserted itself - Flandro
The reinsurance industry is grappling with the ‘most difficult renewal since 2006’, says Howden Analytics’ boss
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NewsBaden Baden: Cedants demand extra €1 billion in limit - Hannover Re
Inflation, losses and demand for additional nat cat capacity in the German market alone will see rates rise substantially
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NewsBaden Baden: Demand for reinsurance has never been stronger
The industry must rise to the challenges of our age, said industry leaders at the Baden Baden Reinsurance Symposium
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NewsBaden Baden: Trapped capital will further dent European capacity - Munich Re
Hurricane Ian will exacerbate Europe’s reinsurance supply and demand imbalance, further driving up rates
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NewsBaden Baden: Cedants must dramatically increase retentions
As reinsurance capacity retreats and inflation soars, insurers must be prepared to retain more risk - Swiss Re
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NewsIan will have ‘devastating impact’ on full-year underwriting results
Continued rise in interest rates will further pressure total investment returns and reported book values - Aon
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NewsLosses paid to Florida carriers quadruple in just three years
Losses paid by US-domiciled reinsurers topped $1 billion in 2021, prompting market correction - AM Best
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NewsAvoid sensationalist renewal headlines - Tom Wakefield
Clients are leaving Monte Carlo feeling more confident about what they can get done, says Gallagher Re UK boss
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NewsAriel Re: It’s time to stop selling Ferraris at Ford pricing
Reinsurer’s Joel Willens expects to see a further reduction in appetite for property cat going into the renewal season
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NewsReinsurance pricing correction ‘unavoidable’ - Hannover Re
Large loss trend, pandemic and rising inflation require further improvements in prices and conditions, insists reinsurer
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NewsRenewals in specialty market ‘incredibly complex and challenging’ due to Russia-Ukraine conflict
Despite 1 January renewals being ‘orderly’, following the onset of the war, many specialty coverages ‘were excluded post-April’
