Latest Property-Catastrophe News
Hurricane Florence is shaping up to be more of a precipitation event than a wind-driven one, AIR Worldwide has predicted.
Fears that the storm would devastate the east coast of the US have largely abated as signs now point to a more manageable level of losses.
The storm has weakened considerably from earlier in the week but has already caused several fatalities following its landfall in North Carolina.
RMS has warned losses from Typhoon Jebi in Japan could be as high as $5.5bn.
Even if the upper end of insured loss estimates from Hurricane Flroence of $20bn prove to be correct, the event is not expected to have a material impact on the global re/insurance market.
In the lead up to the Monte Carlo Rendez-Vous de Septembre, Reactions spoke with Arch Capital Group's senior management.
James Kent, Willis Re’s group chief executive, is adamant that while challenges do exist in the market, there is also considerable opportunity.
Hurricane Florence has been downgraded to Category 2 by the National Hurricane Center.
The CEOs of Generali, SCOR, Marsh, Partner Re, Swiss Re, and Aon Benfield put the re/insurance market to rights in a panel discussion at the Monte Carlo Rendez-Vous de Septembre.
A major eruption of Mount Agnung in Indonesia could cause more than $70bn in economic losses, but insured losses are expected to be low.
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.
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.
Novae can start considering acquisitions rather than being acquired since share value has soared above book value, Novae’s CEO tells Reactions.
Interview: The top threat to catastrophe reinsurer RenaissanceRe’s new CEO Kevin O'Donnell maintaining his predecessor’s enviable returns is a flood of alternative reinsurance capacity settling for single-digit returns. He is bullish about RenRe's future.
Interview: The National Flood Insurance Program (NFIP) is unsustainable, says Swiss Re’s Americas CEO Eric Smith. He and others are now suggesting that the private sector needs to take up some of the burden to ensure flood protection remains in the US.
Interview: Swiss Re’s Canada CEO believes consolidation among Canadian insurers will boost reinsurance demand as well as kick-start cat bonds. Insurers are also looking for reinsurance as a result of onerous new solvency requirements for BC earthquake.
In this month's Reactions