Reinsurance
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 ...
What is business transformation in insurance? Insurance business transformation is an operating model and technology foundation shift that allows organizations...
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 ...
Global Fears Are Feeding Demand for Lloyd’s of London Insurance, CEO Says
Growing fears about the state of the world are pushing more people to take out insurance even as prices rise, Lloyd's of London Chief Executive Officer John Neal said. Rising inflation, recession ...
Reinsurers’ Performance Keeps Improving: Gallagher Re
Reinsurers reported "a robust increase" in their capital base, improved underwriting profits as well as higher returns on equity and investment income, according to a Gallagher Re report. The ...