News
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 ...
Executives On The Move at CNA and CoreLogic
CNA appointed a new Chief Data & Analytics Officer. CoreLogic hired someone to run its Insurance Solutions business for the global property insurance industry. *** CNA appointed Santosh Bardwaj ...
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 ...