Latest Reinsurance News
Protecdiv looking to compete with world's leading brokers for top-tier corporates by appealing to their diversity targets.
Losses from hailstorms pegged at A$169m post-quota share.
Will replace Graham Evans in the role, who is retiring.
Japanese typhoons the biggest contributors to losses in 2019.
Glowing assessment comes as fallout from the 2017 Paradise Papers continues to be felt.
So far 55,650 claims have been received by insurers, over half of which were from the Australian Capital Territory.
April (Asia focused) and June (Florida focused) 2020 renewals are ripe for more sizable reinsurance rate increases.
Not all policy exclusions are created equal – and some have not yet been tested, says Jennifer Braney.
2010-2019 was the costliest decade on record with nat cat losses reaching $2.98 trillion - report.
It’s no exaggeration to say that in London on the morning of Friday June 24, there was an outbreak of grief, heartbreak and tears, following the news that Brexit had triumphed in the referendum and the UK was set to leave the EU.
The implications of the UK’s vote to leave the EU on the North American re/insurance industry remains opaque.
Protectionism is about the worst enemy that re/insurance faces, aside from Armageddon at the hands of war or natural catastrophe.
Some of what Alvin Toffler, author of influential book Future Shock, said about society could be applied to the insurance industry’s state of mind.
China’s assets managed by insurers have doubled within four years, reaching around $2.1trn.
Under successive leaders, Canada has been one of the worst performers on the global stage in terms of climate protection.
Once the leading lights of the Latin American re/insurance industry departed the Ritz Carlton resort in Miami following our recent event, a couple of key issues stuck in the mind.
The cheating phase of reserve releases is well underway, but reinsurers' underlying RoEs are reaching new lows, David Benyon, editor of Reactions, writes.
If Carl Icahn is looking for holiday reading he might consider ordering the recently released autobiography of the late Bob Benmosche, writes Garry Booth, Reactions' contributing editor.
A major eruption of Mount Agnung in Indonesia could cause more than $70bn in economic losses, but insured losses are expected to be low.
Unstructured and underused data may be a gold mine for re/insurers according to CSC and Xchanging.
Xceedance CEO Arun Valakrishnan highlights the wealth of Indian tech talent that re/insurance businesses are failing to employ.
Africa Re’s group managing director and CEO, Corneille Karekezi, gives his perspective on the outlook for the continent’s reinsurance markets.
Willis Re’s chief executive John Cavanagh remains optimistic at his company’s future growth prospects even though market conditions are tough.
BMS has undergone a comprehensive revamp – strategically and financially – since June last year. One year on, Reactions talks with BMS Group CEO Nick Cook to find out more about the ambitious five year strategy the broker is implementing.
Developing products that actually meet the needs of those in emerging economies, as well as creating reliable and user-friendly ways of both paying premium and collecting claims, will all determine whether the multi-company multi insurance venture incubator is a success, says Aspen’s Mario Vitale.
Hiscox Re has scaled back at recent renewals, reducing its concentration on property catastrophe.
Pool Re CEO Julian Enoizi spoke to Reactions about the new deal struck with the Treasury and the changes he is now driving through to modernise the UK'?s terrorism risk reinsurance pool.