Catastrophe modeller JBA Risk Management has released what it said is the first high resolution, multi-peril flood risk model for Vietnam.
XL Group expects to take a hit of $245m from fourth quarter 2016 natural catastrophe losses, with its insurance business taking $125m of that total and its reinsurance unit the remainder.
We are now accepting nominations for the Reactions Latin America Insurance and Reinsurance Awards 2017, as well as calling for responses to our survey to determine which service providers should win prizes.
The Lone Star State suffered a record level of insured losses arising from hailstorms in 2016, according to new figures.
CCR Re officially launched at the beginning of 2017 in time for the January 1 renewals.
Pricing decreases took place across the board, although smaller than at previous renewals, with some specialty business and US flood opportunities offering slight relief.
Changes to the Own Risk and Solvency Assessment regime are forcing insurers to cede more risk.
Everest Insurance has continued to build out its US teams with seven new hires to its property division.
ICAT Syndicate 4242 and Neon are bringing $40m of new capacity to Bermuda's direct and facultative property market.
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.
Interview: Inga Beale says Singapore is going to a big area of strategic growth for Lloyd’s insurer and reinsurer Canopius, as less business makes its way to the London market.