Reinsurance News

Your search for “cyber”

Reinsurance News – Wednesday 12th April 2017

12th April 2017

Here’s your daily Reinsurance News for Wednesday 12th April 2017: Traditional reinsurance capital declined by $3 billion in Q4 2016: Aon During the final quarter of 2016 the volume of traditional reinsurance capital declined by $3 billion, while the level of alternative capital increased by $3 billion, meaning overall reinsurance capacity ... Read the full article

MGA Ascent Underwriting appoints claims director

10th April 2017

Niche product specialist managing general agency Ascent Underwriting, which offers cyber reinsurance solutions among its range of products, has appointed Mark Bowers, previously of Tokio Marine Kiln, as its claims director. Bowers joins Ascent Underwriting with immediate effect and will take on responsibility for maintenance and development of the companies claims ... Read the full article

Reinsurance News – Monday 10th April 2017

10th April 2017

Here’s your daily Reinsurance News for Monday 10th April 2017: $2 billion insured losses for severe U.S. weather events in March: Aon Benfield Global insured catastrophe losses from severe winter weather in the U.S. in March is expected to reach $2 billion, according to Aon Benfield. Japanese reinsurance renewals ... Read the full article

Reinsurance News – Friday 7th April 2017

7th April 2017

Here’s your daily Reinsurance News for Friday 7th April 2017: Favourable terms seen at April reinsurance renewal: Aon Buyers of reinsurance protection witnessed favourable terms at the 1st April 2017 renewals with record levels of capacity maintaining pressure on pricing, according to Aon Benfield. U.S. severe weather losses $2bn+ in ... Read the full article

Willis appoints Thorsten Querfurt to Natural Resources Global Industry Leader

5th April 2017

Willis Towers Watson has appointed Thorsten Querfurt, joining from management consulting firm Oliver Wyman, as new Global Industry Leader for Natural Resources. In his new role Querfurt will oversee the firm’s Natural Resources segment expansion - including oil, gas and chemicals, metals and mining, and power and utilities (including renewable energy and ... Read the full article

Reinsurance News – Monday 3rd April 2017

3rd April 2017

Here’s your daily Reinsurance News for Monday 3rd April 2017: Reinsurers to pick up Cyclone Debbie bill Reinsurance capacity is likely to cover the majority of the cyclone Debbie claims, which are thought to be at around the same level as 2011’s Yasi. Discipline sees Munich Re’s dividend payouts outpace ... Read the full article

Larger losses, digitalisation & tech are reshaping liability risk landscape: Allianz

31st March 2017

Companies around the world are increasingly susceptible to larger liability losses and the advancement of technology has the potential to drive a shift in the liability risk landscape, warns Allianz Global Corporate & Specialty (AGCS), a division of Allianz. After analysing 100,000 insurance claims from more than 100 countries between 2011 and ... Read the full article

Reinsurance News – Friday 31st March 2017

31st March 2017

Here’s your daily Reinsurance News for Friday 31st March 2017: Bermuda reinsurance market returns hit five-year low: A.M. Best Rating agency A.M. Best has highlighted the challenges in the Bermudian reinsurance market, noting that negative trends are increasingly evident. Protection gap is not just an emerging market issue: ... Read the full article

Protection gap is not just an emerging market issue: Swiss Re

30th March 2017

Over the last 25 years, the schism between global insured and economic losses has been steadily widening, a factor that when combined with growing climate, cyber, and geopolitical threat, leaves a dangerous and costly protection gap both in developed and emerging markets. 2016 stats show fast-developing Asian economies were hardest hit; struggling ... Read the full article

Morris Tooker announced as new Hartford Middle Market head

30th March 2017

The Hartford has announced Morris Tooker, former reinsurance President of Warren Buffett's Gen Re, as new head of the firm's Middle Market segment - which covers multiline commercial insurance for midsize and larger clientele. The Hartford's Middle Market segment offers property, general liability, workers’ compensation, auto, umbrella liability and marine protection, ... Read the full article

Investments offset underwriting decline at Lloyd’s of London

30th March 2017

The Lloyd's of London market announced its results today, revealing a decline in its underwriting profitability as the combined ratio increased to 97.9%, but pre-tax profits were flat at £2.1 billion as investment returns jumped. The fact that underwriting has become increasingly less profitable at Lloyd's of London, on a market-wide ... Read the full article

Reinsurance News – Tuesday 28th March 2017

28th March 2017

Here’s your daily Reinsurance News for Tuesday 28th March 2017: Cyclone Debbie catastrophe declared The Insurance Council of Australia (ICA) has declared Cyclone Debbie a catastrophe, which made landfall as a Category 4 storm in northern Queensland, with the potential to drive billions in losses. Insurers and reinsurers had been preparing ... Read the full article

Reinsurance News – Monday 27th March 2017

27th March 2017

Here’s your daily Reinsurance News for Monday 27th March 2017: Study suggests £4 billion Brexit impact to London reinsurance market According to Simeon Djankov, London School of Economics (LSE), Financial Markets Group Director, Brexit could result in an estimated £4 billion annual reinsurance revenue loss. Are heads still in the sand ... Read the full article

Reinsurance News – Friday 24th March 2017

24th March 2017

Here’s your daily Reinsurance News for Friday 24th March 2017: Swiss Re’s pioneering volcano model highlights multi-billion dollar exposure Swiss Re has launched a pioneering volcano model that reveals that some of the world's largest cities have up to a $30 billion exposure to the risk. Digitalisation & innovation ... Read the full article

Specialty re/insurer Argo reveals digitally-driven growth

22nd March 2017

Specialty insurer and reinsurer Argo attributed much of its $49 million underwriting income success to leveraging digital tools to drive growth across specialty commercial lines, in its 2016 annual review. Chief Executive Officer (CEO), Mark Watson, said the firm's technology and engineering teams had closely worked together to achieve better underwriting through improved analysis and ... Read the full article