International
Munich Re Pauses Selling Pandemic Business Coverage After Big H1 Losses
Munich Re has stopped selling coverage to protect against business losses in future pandemics after the German reinsurer took a 1.5 billion-euro ($1.8 billion) virus-related hit in the first half. ...
Underwriting Discipline Will Rule With January 1 Reinsurance Renewals
Economic uncertainty and volatility, in combination with COVID-19-related losses, is leading to a heightened level of cautiousness among property reinsurers unless pricing and terms and conditions ...
Lockton Re Imagined: Bringing Choice to Reinsurance Brokerage
While some reinsurance brokers see opportunities to achieve significant economies of scale in the reinsurance market through acquisitions, others see opportunities to grow by providing reinsurance ...
Global Reinsurers Face Major Hardening Market Over Next Two Years: Munich Re
Even before the coronavirus crisis hit, the re/insurance industry was in a period of significant rate hardening, which will likely continue over the next two years, or even longer, according to ...
COVID-19 Crisis Reveals Contract Clarity Lessons, Digital Opportunities: Flandro
In every crisis, lessons must be learned, but opportunities also are revealed. And so it goes with the COVID-19, which has shown the need for contract certainty in the re/insurance industry, while at ...
Despite COVID Losses, Lloyd’s Underlying Underwriting Results See Big Improvement
While Lloyd's overall results in the second half were hit by £2.4 billion ($3.12 billion) of COVID-19 claims, the market's underlying underwriting performance saw a "huge improvement," which Chief ...
Consortium to Buy Aviva’s Singapore Business for $1.98B
British life, motor and home insurer Aviva said on Friday it will sell its majority shareholding in its Singapore business to a consortium led by Singapore Life for S$2.7 billion ($1.98 billion), as ...
Executives On The Move at Guy Carpenter, AIG and Chubb
Guy Carpenter appointed a Marsh veteran to the newly created role of president. AIG announced the appointment of a new CEO for Talbot Underwriting Ltd. Chubb named a new regional president for its ...