All News articles – Page 5
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NewsUS casualty: Reinsurance is part of the problem – Munich Re
Reinsurers should ’stop fooling themselves’ about rate improvements in US casualty business, when this is being more than cancelled out by higher claims activity, Munich Re warned at its RVS 2024 briefing.
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NewsChanges in terms ‘as or more important’ than pricing – AM Best
Indicators are moving in the right direction and showing the positive position the sector is in, said the rating agency’s director of global reinsurance, speaking at RVS 2024 in Monte Carlo.
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NewsFitch sees stability in reinsurance market, updates sector outlook to neutral
The rating agency told the audience at RVS 2024 that it expected trends to ‘remain broadly stable’ for the next year
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NewsWPVT Rising: Q&A with Guy Carpenter’s Powell
War, political violence and terrorism questions answered by Jonathan Powell, managing director, non-marine specialty, Guy Carpenter.
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News‘No signs of social inflation abating’ – Swiss Re
Drivers include societal trends, changing behavioural norms, greater use of the legal system, and “rapid growth in settlement awards”, says reinsurer’s chief economist, speaking at RVS 2024 in Monte Carlo.
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NewsAon renewals briefing emphasises shifting market dynamics
Led by Andy Marcell led a senior leadership panel to discuss global reinsurance market dynamics as the industry heads to the Monte Carlo RVS 2024.
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NewsTime to stand out - Gallagher Re’s Wakefield
Against the backdrop of the most dramatic re/insurance market we have seen, Gallagher Re’s CEO Tom Wakefield predicts a return to a true market of differentiation for upcoming 1/1 renewals.
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NewsGR Special Edition: Monte Carlo RVS 2024
This year’s annual print edition of Global Reinsurance for the Monte Carlo reinsurance Rendez-Vous de Septembre is packed with executive interviews, news and analysis and features on the latest trends facing international (re)insurance markets. The magazine, which will be on the stands at Monte Carlo, is FREE to download here.
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NewsDiscipline holds after ‘all time high’ – Hiscox Re & ILS
Matthew Wilken, chief underwriting officer (CUO) of Hiscox Re & ILS thinks pricing discipline and fresh demand mean the reinsurance market is in “a good place” this summer. He is responsible for the reinsurance carriers’ book of more than $1bn gross premium.
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NewsThe state of the market – SCOR Global P&C’s Conoscente
North American casualty risks loom large, as do European secondary perils, despite a picture of price adequacy on US peak risks, warned the chief executive of SCOR’s property and casualty (P&C) reinsurance business.
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NewsA remarkable year for ILS, navigating capital inflows and outflows – Aon’s Schultz
Insurance linked securities (ILS) markets have reached new heights in 2024, building on a record-breaking 2023, Aside from the achievement of record new issuance, Paul Schultz, CEO of Aon Securities, highlights the ILS market’s ability to continue to grow amid the flux of incoming and outgoing capital – a symptom ...
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NewsCrowdStrike – a cyber cat of sorts
The CrowdStrike cyber incident brought retail, transportation, banking, and more to a shocking standstill. In the aftermath, what can insurers do to gain clarity on the true exposures in their books before the next Blue Screen of Death?
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NewsHybrid fronting’s ‘explosive’ growth; Bridgehaven first of its kind in the UK
Recent years has seen hybrid fronting gained traction as a method for reinsurers to diversify portfolios while accessing more profitable areas of business.
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NewsAon appointments expand its Bermuda reinsurance platform
Jemma Henry and Lawrence Cheng hold managing director positions for Aon’s reinsurance team in Bermuda, with Libby Sargent, George Burles, Sonal Ohrie taking vice president roles.
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NewsGuy Carpenter: Driving innovation through nature-based solutions
Research reveals a range of human factors are the main drivers of increasing loss frequency and cumulative losses for severe convective storms, writes Josh Darr, managing director, global head of peril advisory, Guy Carpenter.
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NewsWhere are all the new reinsurers?
A hardening market usually heralds the arrival of new reinsurers, but this has not happened in 2023 and 2024. Two analysts from AM Best recently sat down with Global Reinsurance to try to explain why.
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NewsA new phase in the cycle begins – Howden Re’s Flandro
After a Goldilocks period for reinsurers, a new stage in the cycle is starting to take shape, with signs including lower interest rates and their effects on bond portfolios, David Flandro, Howden Re’s head of industry analysis and strategic advisory, told GR.
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NewsHowden Re pre Monte report focuses on innovation
Rapidly changing nat cat, political violence and casualty re/insurance situations mean point to a greater need for collaborative innovation, reinsurance broker Howden Re said.
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NewsBrad Melvin appointed president and CEO, BMS Re, US
Reinsurance broker appoints president to its US business with experience at Gen Re, CNA Financial, and most recently, at Aon Reinsurance Solutions.
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NewsIGI UK: All change at Lloyd’s amid rapid MGA growth
Andreas Loucaides, CEO of IGI UK, talks about distribution, how trading in Lloyd’s opens up new opportunities, and the evolution of the MGA market.
