News

Insurance

Modelling the enigmatic peril: the challenge of pricing wildfire risk

Wildfires have increased markedly in recent years, particularly in the state of California. With little historical data available to model the new risk, how are carriers grappling with providing cover in a market which is suddenly one of the riskiest out there?   15 September 2021

Insurance

Keeping up with the changing face of wildfires

Wildfires have emerged as one of the most significant problems facing the re/insurance industry, with the events becoming increasingly frequent and damaging and few options immediately available to tackle the issue.   15 September 2021

Insurance

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.   15 September 2021

Insurance

Execs willing to meet will gain edge in ‘fraught’ negotiations: Convex CEO Brand

A big gap exists between the expectations of buyers and sellers, says Convex’s Paul Brand, who believes companies willing to meet in person will gain a competitive advantage over those who are reticent.   14 September 2021

Insurance

Chubb reveals new head of cyber & tech for Overseas General Insurance

The appointee has held multiple leadership and underwriting roles at several major carriers.   14 September 2021

Insurance

BMS poaches from Aon/Gallagher for Australian financial lines expansion

The company believes their experiences will be a 'significant boost' to its financial lines business.   14 September 2021

Insurance

A public-private partnership: CCR leverages CCR Re to build expertise

CCR Re, writing reinsurance in the private international markets, will be central to France’s state-owned public reinsurer and government adviser CCR’s—its parent’s—plans for an increasing role covering emerging and evolving risks and disaster prevention.   14 September 2021

Insurance

Disruption among the competition benefits TigerRisk

Difficulties at some of its competitors in the broking industry have proved fruitful for TigerRisk Partners, according to London CEO James Few. He spoke to the Re/insurance Lounge.   14 September 2021

Insurance

Reinsurance grows, but penetration remains limited in Latin America: Fitch

Demand for reinsurance in Latin America may grow in the second half of 2021, bolstered by uncertainty over risks and improved pricing for primary insurers.   14 September 2021

Insurance

Lloyd’s is back to black, but time is running out for unprofitable syndicates

CFO reports improved performance driven by higher rates and efforts to eliminate underperforming business lines, and a strong balance sheet.   14 September 2021

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