Reinsurance
Volatile Cyber Market Struggles to Boost Reinsurance Capacity
The cyber insurance market could benefit greatly from more reinsurance cover but it has been a challenge to attract interest. Part of the reason is because the cyber market is a relatively new one ...
P/C Reinsurers Keep Underwriting Discipline, Even as Capacity Rises: Guy Carpenter
Property and casualty reinsurers have displayed underwriting discipline during this year's renewals, continuing with rate corrections that began several years ago, despite the pressures of abundant ...
A 9/11 Remembrance From Former Carpenter Chairman Newhouse
In remembrance of the 20th anniversary of the Sept. 11, 2001 terrorist attacks, we are republishing an August 2018 article, which contains the recollections of Britt Newhouse, former chairman of ...
Lloyd’s Swings Into the Black With H1 Profit of Nearly $2B
Lloyd's of London reported pre-tax profit of £1.4 billion (US$1.9 billion) for the first half of 2021, compared to a £400 million (US$550.8 million) loss during H1 2020. The market's profit was ...
Cognizant Expects Carriers to Foot Bill for $95M Bribery Lawsuit Settlement
Cognizant Technology Solutions Corp. has reached a $95 million settlement to resolve a lawsuit accusing the information technology services company of defrauding shareholders by concealing bribes to ...
COVID-19 Claims Are Placing ‘Considerable Burden’ on Global Reinsurers
Global life and non-life insurance and reinsurance COVID-19 claims are approaching $50 billion, which has had a significant burden on reinsurers, according to Mike Van Slooten, head of Business ...
Global Reinsurers Saw Strong Premium Growth in H1: Willis Re
Global reinsurers performed well in first-half 2021, expanding their capital base and achieving exceptionally strong premium growth, according to Willis Re's latest Reinsurance Market Report. ...
Global P/C Premiums Will Double by 2040, Driven by Climate Change and More: Swiss Re
Global property/casualty premiums are expected to more than double to $4.3 trillion in 2040 from $1.8 trillion in 2020 – growth driven by economic development, urbanization and climate change, ...