Reinsurance
Executives on the Move at Canopius, BHSI, Brit
Canopius Group, the London-based global specialty re/insurer, has appointed Neil Robertson as group chief executive officer. Part of his focus will be on developing the company's Asia-Pacific, ...
Tension High as Re Buyers Face Another Year of Price Hikes
Frustration is setting in for commercial insurance buyers subjected to multiple years of price rises, especially those that have improved their risk profiles by de-risking and elevating risk ...
COVID-19 Claims of $44B Is Third-Largest Catastrophe Loss: Howden
Insured losses of $44 billion from COVID-19 so far represent the third-largest cost to insurers of any catastrophe, behind only Hurricane Katrina and the 9/11 attacks, insurance broker Howden said on ...
Property Re Rates Up Nearly 11 Percent in Delayed 1/1 Renewals
In a brief report on Jan. 1 renewals published Monday, Guy Carpenter said that its global property catastrophe rate-on-line index rose 10.8 percent. Improvements on underlying business helped ...
Everest Re CEO Andrade Wins Vote of Confidence and Contract Extension
Everest Re Group President and CEO Juan Andrade just got a big vote of confidence from his company's board of directors. Andrade's contract at the Bermuda-based insurer and reinsurer has been ...
Swiss Re Reorganizes Group Operations; Names Ladva as Group CTO
Swiss Re is appointing Pravina Ladva as group chief digital & technology officer and member of the group executive committee, effective Jan. 1, 2022. Group Chief Operating Officer Anette Bronder ...
Tornado Losses Will Dent P/C Earnings, Not Capital: AM Best
For now, rating agency AM Best believes that property/casualty insurers will be able to absorb losses from the recent outbreak of 30-plus tornadoes across five U.S. states, but coexisting economic ...
MAPFRE to Make Nearly $984M Payout Over Controversial Columbia Dam
Spanish insurer Mapfre on Friday signed a contract to make a $983.8 million contingency payout to Colombia's Empresas Publicas de Medellin (EPM) over issues with the construction of the massive ...