Reinsurance
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January 30, 2023
Corporate buyers face shortage of cat cover and rate hikes
Corporate insurance buyers face a shortage of catastrophe cover in 2023 after the hard reinsurance market dashed hopes of a…
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January 30, 2023
Argentina urged to remove regulatory obstacles to reinsurance premium payment
The Global Federation of Insurance Associations (GFIA) has called on the Argentinian insurance supervisor (SSN) to remove regulatory obstacles to…
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January 30, 2023
Hannover Re latest to tap capital market for cyber backing
Hannover Re has developed the latest capital market-backed risk transfer tool to cover cyber risks in the first quota share…
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January 27, 2023
Rates up 4% in Q4 as moderation trend continued: Marsh
Average global commercial insurance rates rose by 4% in Q4 2022 as prices increased for the 21st consecutive quarter but…
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January 27, 2023
Rousseau replaced as SCOR CEO following poor Q3 results
Thierry Léger, group chief underwriting officer at Swiss Re, is replacing Laurent Rousseau as CEO of SCOR after the Paris-based…
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January 27, 2023
Gallagher expects further rate increases as it reports revenue growth
Primary insurance rates will likely increase further in 2023 as the effect of higher year-end reinsurance costs filter through to…
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January 26, 2023
Higher reinsurance costs likely to reaccelerate primary rate increases
The hardening reinsurance market at 1 January could well “reaccelerate” price increases for commercial property and specialty insurance buyers, market…
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January 26, 2023
New head of captives in APAC and Europe at AXA XL
Marine Charbonnier has been appointed as head of captives and facultative underwriting, APAC & Europe at AXA XL Insurance. She…
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January 24, 2023
Reinsurance market hardening to last through 2023, says AM Best
A flood of fresh capital is unlikely to enter the hardening reinsurance market any time soon because investors remain wary…
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January 19, 2023
Reinsurance renewal signals new reality for buyers, says Aon
The January 2023 renewal was the most challenging in a generation, as the reinsurance market underwent a fundamental shift in…
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January 18, 2023
AGCS says Beazley’s cyber cat bond likely to set precedent and spur market
AGCS’s chief underwriting officer (CUO) thinks the recent cat cyber bond created by rival Beazley will set a precedent in…
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January 18, 2023
MGA Arcadian Risk Capital in property binding deal with Aviva
Bermuda-based MGA Arcadian Risk Capital has entered into a direct and facultative property binding arrangement with Aviva Insurance Ltd UK.…
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January 16, 2023
MS Amlin launches third special purpose reinsurance vehicle in Asia
Lloyd’s specialty (re)insurer MS Amlin has launched a local special purpose reinsurance vehicle (SPRV) for the third year running. The…
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January 11, 2023
Property and certain specialty lines see big 2023 reinsurance renewal increases
The insurance sectors seeing the biggest premium rate increases in the January 2023 reinsurance renewals were property and specialty, including…
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January 4, 2023
Property reinsurers push Europe into hard market at 1/1 renewals
European reinsurance buyers once again faced a hard market at January renewals after ten years at the bottom of the…
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January 4, 2023
New hire expands McGill and Partners’ structured solutions team
McGill and Partners has expanded its structured solutions team with the hire of new partner Dan Cordina. He will lead…
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January 4, 2023
Reinsurance renewals one of the hardest in living memory, says Howden
The convergence of geopolitical and macroeconomic shocks, as well as the second-most expensive natural disaster ever in the form of…
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January 3, 2023
Jan reinsurance renewals ‘extremely late’ and ‘challenging’: Guy Carp
Key reinsurance renewals for 1 January were “extremely late” and one of the most challenging ever, according to broker Guy…
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January 3, 2023
New captive rules get approval in France as AMRAE gears up for conference
Captives will again be high on the agenda at the annual AMRAE meeting of French risk and insurance managers in…
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December 22, 2022
AM Best upgrades Covéa to A+ after PartnerRe buy
AM Best has upgraded the financial strength rating for French mutual Covéa to A+ following its acquisition of PartnerRe in…