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.
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.
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.
The appointee has held multiple leadership and underwriting roles at several major carriers.
The new hires will help organisations reduce their risk exposures and navigate business-related challenges.
Hurricane Ida’s insured industry losses is expected to reach up to $30 billion.
The launches of new MGAs have been coming thick and fast in recent times, seeking to disrupt an established market segment.
The alternative capital market experienced rapid growth, and has evolved reinsurers' business models.
The re/insurer has appointed a new global practice leader for products & airports and aerospace portfolio.
The company will use the funds to fuel its growth and expansion plans in the commercial insurance market.