Primary carriers will be on the hook for the majority of as much as $10bn in loses related to the devastating California fires.
The firm's appointment of Glenn Dorr as head of business development in North America is further evidence of its push into the US market following a series of devastating hurricanes in the region.
AIR Worldwide has revised its loss estimate for the deadly wildfires that tore through some of the most expensive neighbourhoods in Northern California during September and October.
Three former Ariel Re executives have joined Barbican as the London-based carrier goes on a push into the US specialty market.
Record breaking wildfires have added to the heavy losses the firm suffered from the hurricanes that hit during the third quarter of this year.
Sompo Canopius' new product will fill a coverage gap for the notoriously risky exploratory drilling sector.
The agency has tapped actuarial firm Milliman to help modernise the way it rates policies under the National Flood Insurance Program.
The 21st Century Flood Reform Act passed through the House of Representatives on Tuesday afternoon, moving reform and reauthorisation of the National Flood Insurance Program ever closer.
Howden has added to its capabilities in the Middle East after acquiring a majority stake in New Generation Insurance Services.
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.