Reinsurance
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July 6, 2023
US property cat reinsurance rate increases highest for 17 years at mid-year: Guy Carp
The broader reinsurance market trends seen at 1 Jan continued at mid-year as the costs of loss free global and…
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July 5, 2023
New owners boost CCR Re capital by €200m
French reinsurer CCR Re has received a capital injection of €200m on completing a sale to French mutuals SMABTP and…
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July 3, 2023
Reinsurers maintained discipline at 1 July, says Gallagher Re
Reinsurers maintained their discipline during 1 July renewals, with similar pricing and market dynamics to the end of year, but…
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June 30, 2023
South Korean insurers ceding more to reinsurers as cat losses hit
The commercial insurance market in South Korea has seen a hardening of premium rates and a tightening of underwriting guidelines…
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June 30, 2023
Property cat reinsurance rate increases moderate at mid-year: Aon
Aon said a “sense of order” returned to mid-year reinsurance renewals, with property cat pricing up on the same period…
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June 27, 2023
Ferma and key market players call on EU to reignite discussions over PPP for systemic cyber risks
Ferma and a group of leading (re)insurers and brokers have called on the EU to reignite discussions over a public-private-partnership…
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June 26, 2023
Scor names Brégier as new chair
Scor has appointed board member Fabrice Brégier as non-executive chair. Brégier joined Scor’s board in 2019. He was unanimously voted…
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June 26, 2023
Chubb names Michael O’Donnell COO of global reinsurance
Chubb has named Michael O’Donnell chief operating officer of global reinsurance with immediate effect. O’Donnell will run the strategic and…
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June 19, 2023
Swiss Re commits to hardening nat cat market
Swiss Re said it is committed to the natural catastrophe market, confident the risk remains insurable and with the potential…
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June 9, 2023
Scor chairman Denis Kessler passes away
Scor paid tribute to its chairman Denis Kessler as news broke that the business and insurance industry veteran has passed…
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June 9, 2023
Reinsurance specialist joins McGill and Partners in Bermuda
Specialist (re)insurance broker McGill and Partners has expanded its team in Bermuda with the appointment of Peter Stubbings as a partner. He…
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June 7, 2023
Reinsurance rate hikes continue during mid-year renewals
Reinsurance buyers saw sharp rate hikes during 1 June renewals, which largely focus on the Florida windstorm market, and reinsurers…
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June 6, 2023
AXA changes top team ahead of new strategic three-year plan
AXA XL has appointed Renaud Guidée as CEO of reinsurance, replacing Nancy Bewlay who has been named chief underwriting officer…
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June 5, 2023
Reinsurance rates could slow in 2024 for Florida risks from 2023 peak: Berenberg
Reinsurance prices for Florida’s property catastrophe buyers are likely to remain firm going into 2024, according to analyst Berenberg, but…
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June 2, 2023
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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June 2, 2023
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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June 1, 2023
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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May 23, 2023
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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May 23, 2023
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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May 22, 2023
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…