News
Insurance
‘There is never enough underwriting talent … because the volume is so great.’ 12 September 2022
Insurance
"Soaring inflation, major losses and an accumulation of mid-sized frequency losses" plus a still-unquantifiable war in Ukraine made H1 2022 "challenging for primary insurers and reinsurers alike," Hannover Re has said. 12 September 2022
Insurance
Demand for environmental, social and corporate governance (ESG)-reputational risk insurance is surging, but, according to Nir Kossovsky, chief executive officer of Steel City Re, there is a lack of capital available. 11 September 2022
Insurance
The insurance industry is headed for a “true hard market” where demand for property cover may not be fully satisfied because of reduced capacity, Manuel Arrive, a director in Fitch Ratings’ insurance group said at a Reinsurance Briefing in Monte Carlo on September 10. 11 September 2022
Insurance
A $30 billion increase in loss costs last year must drive the market to support sustained price increases, Jill Beggs, Everest Re’s head of North America Reinsurance, told Monte Carlo Today. 11 September 2022
Insurance
This year marks a ‘fundamental change’ in the market as inflation and hard market conditions kick in, says chairman of VIG Re, Johannes Martin Hartmann. 10 September 2022
Insurance
Despite elevated catastrophe activity, AM Best’s composite of US and Bermudian reinsurers posted an improved underwriting margin in 2021, with a minimal number of COVID-19-related claims and larger contribution from investment results. 10 September 2022
Insurance
Tatsuhiko ‘Tats’ Hoshina, the industry veteran credited with steering Tokio Millennium Re from being a $125 million Bermuda property-cat reinsurer to a $1.2 billion global, multiline player, is looking for a new job. Well, more backers, actually. He thinks now is the perfect time to start a reinsurer—and he is open to offers. 10 September 2022
Insurance
An exodus of capacity from the property cat market has resulted in the best pricing in that sector since 2006—and this means a clear opportunity for reinsurers, says Bewlay. 10 September 2022
Insurance
Workers’ comp remains ‘high, high, high ROE’ but still must come down as part of book 9 September 2022
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