Reinsurance
Loss Experience Drives Prices During January Reinsurance Renewals: Fitch
Loss-affected lines of business, such as property catastrophe in Europe, cyber or retrocession, continued to see significant price increases during the January 2022 reinsurance renewals, while ...
Reinsurers’ 2022 Profit Outlook Better Than Primary Insurers: Fitch
The trailing impacts of premium and loss trends on the books of property/casualty reinsurers makes the 2022 outlook for reinsurers rosier than the profit outlook for primary insurers, a Fitch Rating ...
A market conduct examination is a formal review by a state insurance department of how an insurer operates in the...
Executives on the Move at Arch Re, Guidewire, AXA XL
Arch Reinsurance Company announced several changes to its leadership team that were effective Jan. 1, 2022: Peder Moeller was promoted to chief executive officer. He has nearly 14 years of tenure ...
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 ...