Munich Re remained in first place of Insurance Post’s Top 50 Reinsurers 2023 list, with Swiss Re and Hannover Rück SE joining Munich Re on the podium this year.
Jason Richards, CEO of Swiss Re in the UK and Ireland, on why having colleagues back in the office is essential for the insurance ecosystem, and why carriers needs to shout about what the industry does to attract fresh talent.
The UK government has backed an insurance scheme developed by the European Bank for Reconstruction and Development to boost the provision of cover for war risks in Ukraine.
Data analysis: General insurers are adjusting rapidly to the new higher interest rate era ushered in by the most intense monetary policy tightening since the 1980s but profitability is unlikely to soar back to pre-pandemic levels imminently.
S&P Global expects cyber reinsurance rates to increase as reinsurers look to return to profitability, but predicts primary underwriters won’t pass the rate increase on to customers.
The proportion of total industry natural catastrophe losses taken by reinsurers has fallen in recent years, with primary insurers retaining more risk.
The Best Large Insurance Employer in 2023 is Aioi Nissay Dowa, according to Insurance Post’s poll of 4,000 employees working at all levels of the industry.
Aon, Lloyd’s, and Vienna Insurance Group committed to providing enhanced reinsurance capacity to support Ukraine’s country’s recovery and reconstruction efforts.
John Fowle has stepped down as group CEO of Chaucer, after six years in the top job, to “pursue other opportunities”.
Reinsurer Scor has become the latest founding member to leave the Net-Zero Insurance Alliance, CEO Thierry Leger announced at the company’s annual general meeting.
Swiss Re has joined Zurich, Hannover Re and Munich Re in turning its back on the Net-Zero Insurance Alliance.
Applied Systems expands commercial lines; Value Space invests; and Avid opts for Allianz for capacity
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Florida-based specialty insurer Fortegra is redomiciling European operations from Malta to Belgium, filing for passporting rights throughout the continent plus applying for licences in the UK to write "regular property and casualty insurance products",…
Sufian Hakim, currently an apprentice treaty reinsurance broker working within claims at McGill and Partners, reads the trade press, passes his CII exams, and hears about the racism a colleague encounters.
Data analysis: Increasing natural catastrophe losses and shortfalls in industry estimates point to the need for the insurance sector to better understand the risk factors at play today, according to the latest Swiss Re Institute report.
Data analysis: Insurers and reinsurers are managing to stick to their shorter-term goals of cutting underwriting emissions even during the energy crisis.
Tom Clementi, CEO of Pool Re, updates Insurance Post on plans for the terrorism reinsurer to switch to a treaty model, and explains recent developments in the UK's domestic terror landscape.
The cost-of-living crisis has affected SMEs’ ability to afford some types of non-essential insurance products, such as terrorism cover, according to Tom Clementi, CEO of Pool Re.
Morning stretches mean Andrew Corbin, partner and chair of the race and ethnicity network at Gallagher, doesn't break into a sweat during renewal season while also working to make the industry more inclusive.
Consilium's co-CEOs James Baird and Paul Richards say the focus for 2023 is growing speciality areas, and to deliver £1bn in gross written premium by 2026.
The Prudential Regulation Authority intends to assess reinsurance risks that could threaten the financial stability of some general insurers later this year.
Amie Wright, private clients team manager at iPrism Underwriting, works on new business, mid-term adjustments, renewals in the run-up to Christmas, and Santa rewards her with a Ryan Reynolds mug after she smashes her targets.
Jessica Riley, terrorism lead for commercial lines at RSA, packs in school runs, training for charitable races, a Christmas team catch-up, and making amendments to e-learning modules for terrorism into her working week.