Reinsurance
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Lancashire bullish on pricing outlook
Bermuda- and London-based reinsurer and specialty insurer Lancashire Holdings has announced higher-than-expected catastrophe losses for the third quarter, notably from…
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Hyperinflation drags on Mapfre’s nine-month earnings
Spanish insurer Mapfre reported net earnings of €488.4bn for the first nine months of 2022, down almost 7%, as the…
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Swiss Re posts loss despite decent results at Corporate Solutions
A $442m third quarter net loss has seen Swiss Re fall to a $285m loss for the first nine months…
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Everest Re, Axis Capital and Arch Capital report Q3 results hit by hurricane Ian
Exposure to hurricane Ian has driven Everest Re and Axis Capital to third-quarter losses while a third Bermudan reinsurer, Arch…
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Extinction Rebellion targets Baden-Baden reinsurance meeting
The annual Baden-Baden reinsurance meeting has been targeted by Extinction Rebellion and Debt4Climate, with about 20 activists occupying the Kongresshaus…
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Munich Re expects €500m Q3 profit despite €1.6bn Ian loss
Munich Re expects losses of about €1.6bn from hurricane Ian, to see third-quarter profits fall to around €500m, but still…
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AXIS latest carrier to warn of Q3 profit hit from cat claims
Bermuda-based specialty insurer and reinsurer AXIS Capital is the latest carrier to announce that it expects big catastrophe losses including…
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Blunck to succeed Jeworrek at Munich Re
Munich Re has announced that Thomas Blunck is to succeed Torsten Jeworrek as the head of its non-life reinsurance operations.…
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Munich Re warns ‘bleak’ economic outlook for Europe will drive pricing
Munich Re said the outlook for Europe’s economies has become “bleaker” in the past few weeks, as it warned insurers…
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Everest Re and RenaissanceRe brace for heavy cat losses in Q3
Bermuda-based reinsurers and specialty insurers Everest Re Group and RenaissanceRe have both warned of heavy catastrophe loss bills for the…
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Arch warns of big cat losses in Q3
Bermuda-based specialty insurer and reinsurer Arch Capital Group has joined the list of international carriers to report that its 2022…
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SCOR appoints Guest as head of crisis management
SCOR has announced the appointment of David Guest as head of crisis management for SCOR UK and its Lloyd’s syndicate.…
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Solid results from Travelers but bad news for risk managers on outlook
Further bad news for risk and insurance managers in the US and worldwide came from leading US insurer Travelers, as…
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Reinsurance market hardening to accelerate as Ian losses bite
Munich Re will likely post a loss of €1.6bn for losses incurred from hurricane Ian based on its estimated market…
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Cat insurance buyers face further pressure as ILS market waivers: Fitch
European and global risk and insurance managers will have to brace themselves for further toughening catastrophe risk renewals as the…
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Swiss Re issues profit warning as Ian claims bite
Swiss Re has announced that it estimates its preliminary claims from hurricane Ian will be approximately $1.3bn. This will result…
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Strong results and premium growth for leading reinsurers in first half, says Aon report
In the first half of 2022, the leading global reinsurance carriers saw robust premium growth and generally strong underwriting results,…
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Lloyd’s and Aon combine to tackle protection gaps raised by Ukraine crisis
Lloyd’s and Aon have jointly published a report that evaluates the crisis in Ukraine and advises the insurance industry on…
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Reinsurance increases will be passed onto buyers, says Lockton
Reinsurers continue to warn of the strain on pricing from sustained inflation, increasing claims, climate change, the ongoing impact of…