Reinsurance
‘Hard But More Manageable’ Jan. 1 Renewals; Little Relief on Retentions
The hard reinsurance market in property-catastrophe reinsurance isn't coming to an end at Jan. 1, 2024, but reinsurers are likely to deploy more of their capacity next year, broker executives said ...
When Will the Hard Reinsurance Market End?
Higher retentions on property-catastrophe reinsurance programs are here to stay going into next year's renewals, reinsurance brokers predicted recently. Related article: 'Hard But More Manageable' ...
50 Shades of Catastrophe Model Vendor Transparency
There are two players in the tug of war that is the implementation of a catastrophe (CAT) model—the user and the vendor. Users require a sophisticated CAT model that pulls together multiple ...
Humans Driving High Levels of Weather Losses: Guy Carpenter
While 2023 may well turn out to be the warmest year on record, human activities that generate carbon gas emissions aren't the only ones driving spikes in weather-related insurance losses, a ...
Lockton Re: One-Size-Fits-All Approach to Cyber Reinsurance No Longer Works
A one-size-fits-all approach to cyber reinsurance is no longer suiting an increasingly specialized market, according to The Lockton Re Cyber Centre in a recent report titled, The All Risk Cyber (ARC) ...
MGAs and Fronting Companies: Exploring the New ‘Asset-Light’ Frontier
Premiums underwritten by U.S. managing general agencies not affiliated with insurance companies reached $33 billion in 2022, and fronting companies wrote another $13 billion in the same year, a new ...
Reinsurance Market Soft in 2025? Hard Market Party Still On for Now
Reinsurers are hoping the profitability party will last as reinsurance pricing and structural changes to tighten terms and conditions have increased returns to above the cost of capital for the first ...
Covington to Succeed Nutter as RAA Leader
Lee Covington, current president and chief executive officer The Surety & Fidelity Association of America (SFAA), has been named president-elect of the Reinsurance Association of America (RAA), a ...