Resolution Life recruits ‘exceptional’ Swiss Re exec
23 September 2024
Former Swiss Re executive Moses Ojeisekhoba has been named Resolution Life president, effective next month...
International
Hurricane Francine leaves ‘manageable’ $2 billion losses
16 September 2024
CoreLogic estimates Hurricane Francine caused up to $US1.5 billion ($2.24 billion) of insured losses after making landfall in Louisiana last week as a category 2 storm...
‘Volatile’ landscape drives reinsurance demand, Swiss Re says
16 September 2024
Elevated natural catastrophe risks, macroeconomic instability and a politically charged environment are adding to demand for reinsurance solutions, according to Swiss Re...
Ardonagh recruits former Allianz exec to head Asia push
16 September 2024
Ardonagh has appointed former Allianz Global Corporate & Specialty regional executive Mark Mitchell to head the expansion of its business in Asia...
Insurers can withstand rise in disaster claims: S&P
16 September 2024
Underwriting actions will mitigate the impact of a surge in natural catastrophes on property and casualty insurer earnings, S&P says...
Lloyd’s ‘well positioned’ after strong half
09 September 2024
Lloyd’s CEO John Neal says many business lines are still experiencing positive trends following the business’ “superb” first half...
Reinsurance market ‘both promising and challenging’
09 September 2024
Munich Re says the reinsurance sector has achieved a “sensible balance” in an environment characterised by high demand...
‘Favourable conditions’ keep reinsurers on a roll
09 September 2024
Reinsurers will continue to perform well on the back of supportive prices, favourable policy terms and higher investment yields, according to a Moody’s Ratings report...
Reinsurers still ‘dictating terms’ amid capacity boost
09 September 2024
Reinsurers have maintained strict underwriting criteria despite improved appetite for catastrophe risks, according to an AM Best report...
‘Caution abounds’ as M&A slumps to 15-year low
09 September 2024
Insurance mergers and acquisitions slowed in the first six months of the year, according to an update from law firm Clyde & Co...
Moody’s buys disaster modeller Praedicat
09 September 2024
Moody’s has acquired casualty insurance analytics group Praedicat to strengthen its modelling capabilities and provide new resources for customers...
Civil unrest, forever chemicals require industry ‘rethink’
09 September 2024
The insurance industry is likely to turn to parametric products to address rises in strikes, riots and political violence, Howden Re says...
Zurich flood alliance expands resilience mission
09 September 2024
Zurich says its Flood Resilience Alliance will become the Climate Resilience Alliance as it widens its focus to encompass more impacts of global heating and advocacy for adaptation...
Coalition expands in cyber reinsurance
09 September 2024
Cyber specialist Coalition has created a reinsurance intermediary that will build on the group’s knowledge in the area...
Pricing corrections drive reinsurer risk rethink
02 September 2024
Reinsurers have “increased appetite for natural catastrophe risk” after adjusting their pricing and programs, according to S&P Global Ratings...
Ship fires raise alert over dangerous cargoes
02 September 2024
Marine insurer TT Club has called for greater diligence around dangerous goods transportation following a spate of container ship fires in the past four months...
Aon flags top traits for succeeding through the cycle
02 September 2024
Aon says it has identified the key traits of strong and weak insurers and reinsurers, as a stabilising market increases the focus on how companies sustain profitable growth through the pricing cycle...
Hiscox names interim board head after chair dies in yacht tragedy
02 September 2024
Hiscox has appointed independent director Colin Keogh as interim chair following the death of Jonathan Bloomer in the sinking of the Bayesian yacht off the coast of Sicily...
SME cyber risk modelling ‘needs shake-up’
02 September 2024
The insurance industry must improve its understanding of cyber risk in small and medium business portfolios to allocate capital efficiently, Guy Carpenter says...
Insurance-linked securities market sets records
02 September 2024
Aon says the insurance linked securities market reached a total volume of $US110 billion ($162 billion) in the year ending June, supported by record-breaking catastrophe bond issuance in three of four quarters...