reinsurer News
ABIR Names New Officer Slate for Next Two Years
The Association of Bermuda Insurers and Reinsurers (ABIR) disclosed its new slate of elected offers for 2021-2022. They are: Chair Marc Grandisson, CEO of Arch Capital Group Ltd; Deputy Chair Pina ...
Natural Catastrophe Damages Reached $210B in 2020: Munich Re
Natural catastrophes around the world resulted in $210 billion in damage in 2020, with the United States especially hard hit by hurricanes and wildfires, a top insurer said on Thursday. The damage, ...
Aviation Reinsurance Jan. 1 Renewal Rates Climb Up to 250 Percent
Aviation reinsurance rates rose by up to 250% at the key Jan. 1 renewal date, broker Willis Re said in a report on Monday, with the market still reeling from the impact of Boeing 737 MAX crashes two ...
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 ...
Swiss Re CEO Mumenthaler: InsurTech ‘Disruption’ Overhyped, China Ahead of the Pack
InsurTechs used to launch insisting they were insurance industry disruptors bringing new ways to bypass traditional players in bringing coverage to consumers. In reality, Swiss Re Group CEO Christian ...
The Digital Normal and the Future of Work in Reinsurance
It's been said that necessity is the mother of invention. That proverb was illustrated perfectly during the insurance industry's successful scramble to conduct its business digitally at the onset of ...
The Big Re: Continuing Coverage
The Big Re is Carrier Management's hub for reinsurance. Launched during the week of what would have been the Reinsurance Rendez-Vous de Septembre, Big Re aims to provide complete reinsurance coverage ...