reinsurance News
SCOR Chooses Ribadeau-Dumas as Next CEO, Succeeding Kessler
The SCOR board of directors unanimously chose Benoît Ribadeau-Dumas as the next chief executive officer of SCOR, succeeding Denis Kessler, SCOR's current chairman and CEO. Ribadeau-Dumas will become ...
Lloyd’s Takes Step to End Insurance and Investments in Coal
The Lloyd's market is moving to end its insurance of coal and oil sands businesses while at the same time ceasing investments in such carbon-producing assets by Jan. 1, 2022. As part of its plan to ...
Climate Change Poses Much Greater Existential Risk for the World Than COVID-19
Similar to the COVID-19 pandemic, climate change ultimately will be managed by "bending the curve" of temperature rises and greenhouse gas emissions, according to Rowan Douglas, Head of Climate and ...
La Niña Should Stick Around Through March 2021
There is about a 95% chance of La Niña conditions prevailing through the Northern Hemisphere winter from January to March, a U.S. government weather forecaster said on Thursday. The La Niña pattern ...
New Capital Unlikely to Immediately Soften Rates: Vantage Risk CEO
Greg Hendrick, the CEO and co-founder of the new reinsurance and insurance company Vantage Risk isn't too concerned about the new capital that has been pouring into the market this year, and its ...
EU to London’s Banks and Insurers: Get Used to Limited Post-Brexit Access
Britain's huge financial sector will never again have the same access to the European Union as it did when the country was a member of the bloc, the EU's financial services chief said. Brexit makes ...
As Rates Keep Hardening, Global Reinsurance Sector Receives ‘Stable’ Market Outlook
The outlook of the global reinsurance sector is "stable," which is mainly a reflection of hardening pricing conditions and tighter terms and conditions, according to AM Best and Fitch Ratings in two ...
UK-Based Reinsurer Conduit Holdings Sees Stock Rise After $1.1B London IPO
Reinsurer Conduit Holdings Ltd. rose as it started trading in London after a 826 million-pound ($1.1 billion) initial public offering, the second largest by a British company on the London Stock ...
Executives On The Move at BHSI and AXIS Re
Berkshire Hathaway Specialty Insurance named an insurance industry veteran to lead its downstream energy property insurance underwriting in Europe. AXIS Re hired a new head of its Japan business.