Neal: climate change is biggest opportunity for re/insurance in living memory
The re/insurance industry can be at the centre of the global shift to net-zero emissions as more businesses turn their attention to the risks posed by extreme climate events, Lloyd’s CEO John Neal has said.
Capacity holds back prices as cat losses build, says Moody’s
Lower COVID-19 claims and increasing pricing have improved the outlook for reinsurers, but catastrophes and claims inflation leave their earnings vulnerable, Moody’s Investors Service said today. Robust levels of capitalisation are the primary reason it continues to rate the sector as stable.
More disputes to come over COVID-19 uncertainty, warn lawyers
Prudential regulation in the insurance sector is increasingly being used to push public policy goals, rather than simply ensuring insurance carriers’ solvency, according to law firm Kramer Levin Naftalis & Frankel.
Chubb reveals new head of cyber & tech for Overseas General Insurance
The appointee has held multiple leadership and underwriting roles at several major carriers.
Marsh taps AIG's UK head of marine to expand business
The new hires will help organisations reduce their risk exposures and navigate business-related challenges.
Expect average claim to be higher, says AIR as it ups Ida loss estimate
Hurricane Ida’s insured industry losses is expected to reach up to $30 billion.
Global MGA market growth outpacing insurance broking sector, finds new report
The launches of new MGAs have been coming thick and fast in recent times, seeking to disrupt an established market segment.
Alternative reinsurance capital no longer a ‘naive’ capacity: Moody’s
The alternative capital market experienced rapid growth, and has evolved reinsurers' business models.
AXA XL plans to tap into post-pandemic growth in aerospace
The re/insurer has appointed a new global practice leader for products & airports and aerospace portfolio.
Insurtech Five Sigma nabs $12m investment for claims resolution platform
The company will use the funds to fuel its growth and expansion plans in the commercial insurance market.
