Reinsurance
Reinsurers ‘living off the past’ says AM Best executive
"Concerning" negative trends within the non-life reinsurance market have been hidden by loss reserve development, an AM Best executives has said.
Catlin calls for industry cooperation on tackling protection gap
Industry veteran Stephen Catlin has called on the reinsurance and insurance sector to cooperate and work together in closing the protection gap.
Profile: Oscar Treceno, IMIA
For six years, Oscar Treceno has juggled his day job as head of the engineering and energy department at Helvetia with the role of chairman of the International Association of Engineering Insurers. Post asked him about IMIA's role in today's market.
Prejudice against insurance driving protection gap, says Swiss Re CEO
A lack of understanding of insurance and prejudice against the sector is hampering progress in closing the protection gap said, Swiss Re’s CEO.
Sciemus to rebrand after securing investing partnership
Specialty Lloyd’s managing general agent Sciemus is set to rebrand after securing an investing partnership with HSCM Bermuda.
Ogden decision to curb reinsurance pricing rises
Reinsurance pricing will only increase modestly at January renewals as a result of the government’s Ogden announcement.
Blog: Harvey, a CAT adjuster's testimony
Crawford and Company has deployed more than 200 adjusters in Southern Texas to assess the damage caused by Hurricane Harvey. One of them, James Warren, whose own home has been damaged, describes the streets as eerie as there is no power, no road signs,…
Lloyd's premiums predicted to decline
Premium growth at Lloyd's is likely to slow as competition intensifies and economic growth remains tepid, according to Moody's Investors Service.
Novae shareholders give Axis deal the green light
Novae shareholders have overwhelmingly accepted a £477.6m takeover by Axis Capital with approximately 99.97% of shareholder votes cast in favour of the proposal.
Harvey expected to be major hurricane as it approaches Texas landfall
Inland flooding, hurricane winds, and life-threatening storm surge poses a severe risk from Hurricane Harvey, according to catastrophe modelling firm AIR Worldwide.
Umbria Italy quake loss up 64% to €108m
Estimated insurance industry losses from the earthquake that struck Italy in August last year has been increased by 64% to €108m (£99.4m), according to Perils.
Perils pegs Storm Thomas loss estimated at €249m
Perils has pegged insurance and reinsurance industry losses for Storm Thomas at €249m (£229m).
Global Reinsurers feel the pressure in H1
Global reinsurers continue to feel the pinch of sustained pricing and earning pressure at the half year results, according to Fitch Ratings.
Analysis: Aviation insurers prove adaptable
Insurers are adapting to aviation's latest trends, despite low premiums.
Compre snaps up legacy book from Norway's Gjensidige Forsikring
Compre has acquired a legacy portfolio from the Norwegian insurer Gjensidige Forsikring for an undisclosed sum.
Ogden change sees Esure's reinsurance costs rise by a third
The change to the Ogden discount rate added a third to the cost of Esure’s reinsurance, company results have revealed.
Analysis: The legacy of Grenfell Tower
How the blaze that killed at least 80 people promises to be one of the most complex claims in recent years
THB Group names Botelho as European director
Specialist insurance and reinsurance broker, THB, has appointed Rodrigo Botelho as director of its European division.
Beazley's H1 profit up 6% thanks to speciality lines and investment gains
Lloyd's of London insurer Beazley reported a 6% rise in first-half pre-tax profit, thanks to growth in its US specialty lines business and investment gains.
Hannover Re completes acquisition of Lloyd's syndicate
German reinsurance giant Hannover Re has completed the acquisition of the UK holding company Argenta Holdings.
Nexus enters US market with Zon Re deal
Specialty managing general agent Nexus Group has acquired US personal accident treaty reinsurance MGA Zon Re.
Reinsurance rates fall in June and July renewals
Reinsurance market pricing has maintained the downward trend seen at the January and April renewals, despite first quarter deterioration for many reinsurers’ results, according to Willis Re.
Reinsurance supply hits new high as capital tops $605bn in Q1
Global reinsurer capital stood at a peak level of $605bn at 31 March 2017, an increase of 2% from the end of 2016, according to Aon Benfield.
Lloyd’s Secrett joins Tokio Millennium Re
Tokio Millennium Re has named Lloyd's interim head of underwriting performance Brian Secrett as chief underwriting officer.