The most challenging January reinsurance renewals in nearly two decades saw global property-catastrophe rate increases of 25-60 percent, with loss-affected clients facing ...
When it comes to climate impacts, the front line of the finance industry is insurance. Last year's payout from damages caused by extreme weather events totaled $120 ...
The SCOR Board of Directors has appointed Swiss Re Chief Underwriting Officer Thierry Léger as chief executive officer of SCOR. Léger will take up his post as CEO of SCOR with effect from May 1, ...
Moody's RMS estimates total economic losses from the recent California flooding at between $5 billion and $7 billion, and insured losses are anticipated to be between $500,000 and $1.5 billion, ...
Until investors can be convinced that property-catastrophe reinsurance pricing has caught up with recurring event losses, they'll continue to sit on the market sidelines, a market executive said ...
When an AM Best analyst said, "Apparently, things didn't go that bad" to describe 1/1 reinsurance renewals during an online briefing on Monday, he wasn't actually saying anything unique. Carlos ...
Repeating words like "frustrated" and "disappointed," which also punctuated earlier reinsurance broker reports on the Jan. 1 reinsurance renewals to describe buyers' reactions, Aon suggested that the ...
Reinsurers are increasingly reconsidering their business in natural disaster-prone locations including California and Florida as losses mount, according to Moody's Investors Service. Climate change ...
In a report published Tuesday, Fitch Ratings forecasted that sharp reinsurance price hikes achieved during Jan. 1 renewals will improve underwriting margins for its rated global reinsurance universe ...
Specialist insurer Beazley has launched the global insurance market's first cyber catastrophe bond.
The $45 million bond gives Beazley ...
