Reinsurance
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Howden Tiger says property cat reinsurance market hardening at quickest pace since 1990s
The property-cat reinsurance market has seen continued rate hardening, with risk-adjusted rates up an average 33% at 1 June, the…
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Insufficient capital in cyber insurance market, says Gallagher Re
Despite a recent increase in capacity in the cyber (re)insurance market, capital remains insufficient, according to a white paper from…
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Cyber losses from 1-in-200-year event could reach $33.4bn, says Guy Carpenter
A one-in-200-year cyber loss could cost the insurance industry between $15.6bn and $33.4bn but would manageable for the market, according…
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Swiss Re latest to quit Net-Zero Insurance Alliance
Swiss Re is the latest high-profile member to leave the UN’s Net-Zero Insurance Alliance (NZIA) in the face of growing…
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RenaissanceRe buys Validus Re from AIG to become fifth largest reinsurer
RenaissanceRe said buying Validus Re from AIG in a $3bn deal will grow its business by 30% at a time…
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Aspen names Tay Boon Chuan head of Singapore
Aspen Insurance has appointed Tay Boon Chuan as head of Singapore from Tokio Marine Kiln. The company also said that…
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Aon’s president says property insurance market will stabilise this year
Skyrocketing rates in the property insurance market should stabilise this year as insurers and reinsurers incorporate updated valuations into their…
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Munich Re forges ahead on back of strong renewals
Munich Re increased business written by 11.1% during the April renewals and reported an overall risk-adjusted rate increase of 4.7%.…
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Canopius offers new capacity in aviation reinsurance launch
Speciality insurer and reinsurer Canopius has entered the aviation reinsurance market after appointing Andrew Hartley from Axis Capital. Canopius said…
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Swiss Re Corporate Solutions posts further strong profit and lower CR
Swiss Re Corporate Solutions saw its net income jump to $168m in the first quarter from $81m, as its combined…
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AXA XL insurance gets premium boost on back of ‘reaccelerating’ price rises
AXA XL’s gross written insurance premiums rose 4% in the first quarter of this year, helped by average rate increases…
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James Kent to leave Gallagher
James Kent is leaving Arthur J Gallagher next month, after recently being replaced as CEO of Gallagher Re and named…
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SCOR continues drive into specialty market under Léger
SCOR continued its strong drive into the European and global primary speciality insurance market during the first quarter of this…
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Hannover Re reports ‘significantly better’ risk-adjusted prices and forecasts big 2023 profit
Hannover Re expects to make a net profit of at least €1.7bn this year, based on strong 1 April renewals…
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US commercial buyers continue to weigh alternative risk financing
Buyers continue to explore alternative risk financing options such as captives, parametrics and insurance-linked securities as property insurance market conditions…
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Demand for July renewals will drive rate rises: Swiss Re
April reinsurance renewals saw rates increase further, with demand ahead of the July season setting the stage for pricing momentum…
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Capacity issues remain for Swedish risk managers
Swedish risk managers are still struggling to get the capacity they need despite an apparent softening of the market. While…
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Hiscox Q1 premiums boosted by hardening London and reinsurance market
Hiscox has a positive outlook for the first six months of this year after deploying additional capital to risks attracting…
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Everest continues drive into primary market on back of hardening property lines
Everest Re continues its charge into the primary insurance sector with another set of impressive growth figures in its primary…
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Munich Re ahead of full-year target in Q1 despite cat losses
Munich Re said a net result of €1.3bn in Q1 has made it “more likely” that the company will exceed…