Reinsurance
Without Reforms, More Florida Insurers Will Go Kaput: AM Best
Late last week, AM Best published a commentary ahead of this week's special legislative session in Florida predicting that "without immediate and substantive long-term legislative reforms," further ...
MGA Pixel Re Launched for Global Property, Energy Risks of $500M and Above
Connect Underwriting Ltd., a London-based specialist reinsurance managing general agent, announced the availability of new capacity via Pixel Re, a new dedicated, monoline reinsurance vehicle for ...
‘Droves’ of Global Re Market Entrants Unlikely; Outlook Stable: AM Best
Will 2023 reinsurance renewals mark a turning point to a "true hard market" that attracts "new capital in droves" and expands supply? Analysts from AM Best raised the question in a new Best's Market ...
Unsyncopated Clocks: ‘Fire and Flood’ Book Highlights Insurers’ Climate-Change Late Show
Scientists have been sounding the climate-change alarm for decades. But despite these dire warnings, a large swath of the public still refuses to believe, and both policymakers and businesses have ...
Backing Up EV Battery Reliability: Munich Re’s aiSure
The European Union is miles ahead of the U.S. in terms of adopting electric vehicles (EVs). By 2026, the number of EVs sold in the EU is expected to exceed 4.4 million vehicles compared to 1.9 ...
AI Insurance Takes a Step Toward Becoming a Market
Back when Munich Re launched the industry's first insurance coverage for artificial intelligence (AI) at the end of 2018, the policy, aiSure, found few takers. In subsequent years, as more companies ...
How Federato Solves Underwriters’ Problems—and Lowers Reinsurance Costs
Lower reinsurance costs aren't the most talked-about benefit of introducing AI and automation tools to the desks of property/casualty insurance underwriters, but with chatter about harder reinsurance ...
Property-Cat Reinsurance Rates Likely to Rise by More Than 10% in January Renewals
Reinsurance rates for property-catastrophe business should increase by well over 10 percent when contracts are renewed in January 2023, according to a commentary from Fitch Ratings. Fitch said the ...