Articles

Insurance

The dynamic between insurers and reinsurers must adjust for capacity shortfall at 1/1: Swiss Re

Insurers are seeking more reinsurance protection as losses rise, partly driven by inflation, yet reinsurance supply is down on previous years, says Baertschi.   23 October 2022

Insurance

Munich Re warns on 2022 profit target amid challenges

It expects that Hurricane Ian will cause roughly €1.6bn in losses after retro.   21 October 2022

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The Hanover pushed to Q3 profit warning cats & multiple peril property

Current accident year loss ratio bumped ca. 4 percentage points out of range.   21 October 2022

Insurance

Munich Re has no renewals growth targets, only renewals litmus tests

The reinsurer can pass on new exposure ‘if things are not according to our requirements.’   20 October 2022

Insurance

Munich Re reshuffles management board on Jeworrek departure

Long-term boardroom insider expands realm to include top reinsurance & risk oversight.   20 October 2022

Insurance

Munich Re can grow in cyber, but loss trends force rate hikes

Munich Re sees “an increase in losses” in cyber, but still below market average.   20 October 2022

Insurance

US P&C may grow premiums, but can’t hold the lien on profit: Swiss Re

Swiss Re Institute ups forecast for premium, but adds 3 pts to 2022 combined ratio estimate.   20 October 2022

Insurance

Compre builds out medical malpractice insurance book on Covéa purchase

Compre’s makes third purchase in rapid succession in drive started mid-August.   20 October 2022

Insurance

Re/insurance group Everest Re sees $730m Q3 nat cat hit

$600 million impact from Hurricane Ian boosted by ‘significant social inflation in Florida.’   20 October 2022

Insurance

Swiss Re will meet rising cat demand if it means balanced book

Demand for nat cat may rise by as much as €2.5bn in Germany alone.   19 October 2022

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