Reinsurance
Energy crisis fails to derail insurers from hitting ESG targets
Data analysis: Insurers and reinsurers are managing to stick to their shorter-term goals of cutting underwriting emissions even during the energy crisis.
Q&A: Tom Clementi, Pool Re
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.
Pool Re CEO warns terrorism threat is ‘evolving’ due to the cost-of-living crisis
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.
Diary of an Insurer: Gallagher's Andrew Corbin
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 are targeting £1bn GWP by 2026
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.
PRA stress tests raise concerns about reliance on reinsurers
The Prudential Regulation Authority intends to assess reinsurance risks that could threaten the financial stability of some general insurers later this year.
Diary of an Insurer: iPrism’s Amie Wright
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.
Diary of an Insurer: RSA’s Jessica Riley
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.
Reinsurers reveal key takeaways from 'challenging' renewals
Reinsurers have reported that renewals went down to the wire on 1 January, as rapid changes in economic conditions resulted in tense and late, but largely completed, insurance deals.
QBE’s Harris predicts late renewals and material capacity reductions at 1/1
Insurers will need to be agile in the face of late discussions over January reinsurance renewals, QBE international CEO Jason Harris has said.
CFC's Holmes voices frustration with capital providers' nat cat 'opportunism'
CFC Underwriting’s chief underwriting officer Andy Holmes has voiced frustration with capital providers’ overlooking a “long-term opportunity in cyber” in favour of the natural catastrophe reinsurance market.
Zego and QBE expand partnership; Needham takes GWP to £9m; Axa XL appoints head of cyber and Lloyd's
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Top 50 global reinsurers: The changing faces of the market
With the reinsurance community once again convening in Monte Carlo and then Baden-Baden, AM Best brings its latest top 50 global reinsurance group rankings. Carlos Wong-Fupuy and Catherine Thomas break down the numbers and highlight the biggest risers…
Questgates acquires CP Adjusting; Pen UW rolls out cyber risk management suite; Brokerbility shakes up leadership team
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Jensten buys Ravenhall; Six leave Ed for Consilium; HF moves to Media City
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Blockchain and insurance: Is there still life in this tech solution after B3i entered into insolvency?
Blockchain was touted as the technology that could revolutionise the insurance and reinsurance industry. Yet, in July, the high-profile blockchain consortium B3i entered insolvency after it failed to raise funding. Martin Friel explores what went wrong,…
Pool Re makes case for becoming treaty reinsurer
Pool Re’s proposed move to a treaty reinsurance model would be “the most fundamental reform” in the government-backed terrorism reinsurer’s history, CEO Tom Clementi claimed.
Lloyd's flags potential difficult reinsurance renewals and draws up China/Taiwan disaster scenarios
Lloyd’s has told syndicates that their plans for next year must consider the potential for difficult reinsurance renewal seasons as a result of “macro-economic, social and political pressures.”
Chaucer partners up with Moody’s on ESG scorecard to help clients become more sustainable
Chaucer has collaborated with Moody’s to roll out an ESG solution across underwriting, investments and operations.
Analysis: Reinsurance in a critical period after showing signs of resurgence
As reinsurers head to Monte Carlo for the annual Rendez-Vous de Septembre , Post reviews recent market reports, where reinsurers have been advised to "lean into the market" after years of struggle.
Higher personal lines premiums ‘an inevitability’, says RSA’s Norgrove
RSA will not hesitate to increase personal lines premiums in the face of economic headwinds, UK and international CEO Ken Norgrove has said.
Intelligence: How using parametrics in travel insurance could help the sector's tarnished reputation
Parametric products are a good example of how the complexity can be removed from the world of insurance. Martin Friel examines how their use in travel insurance could help the insurance market with its transparency and ultimately clean up its image
Intelligence: Fears rise over flood affordability for all UK homes
The Bank of England has warned in its latest Stress Test that if no additional action is taken on climate change, then insurance could become unaffordable to some UK homes when Flood Re ends in 2039. Edmund Tirbutt investigates
British Insurance Awards 2022: The Achievement Award - Vicky Carter
A trail-blazing London market advocate, Vicky Carter richly deserved the Achievement Award.