News
Insurance
A significant increase in demand is on the horizon in the North Atlantic hurricane market, but there’s likely to be discord between supply and demand, says Mike Mitchell of Swiss Re. 11 September 2022
Insurance
Insurers could face gaps in risk transfer programmes and be forced to retain more risk, particularly at lower layers, if they do not come to the 2023 renewal season very well prepared. 11 September 2022
Insurance
QBE Re, the reinsurance division of QBE Insurance Group, is displaying the fruits of its restructuring to clients in Monte Carlo. 11 September 2022
Insurance
The rise in cyber attacks, and specifically ransomware incidents, has brought about “some very interesting changes” for the class of cyber insurance, Daniel Carr, head of Cyber at Ariel Re, told Intelligent Insurer. 11 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
Inflation will continue to impact the reinsurance market, but some of the pressure on energy prices will abate, according to AM Best, speaking in a press conference in Monte Carlo yesterday (September 11). 11 September 2022
Insurance
The idea that challenges such as climate change can be tackled by simply increasing rates is a misconception—as is the market’s obsession with describing a hard market. Instead, the focus should be on the nature of coverage and helping clients better manage risk. 11 September 2022
Insurance
PERILS has announced the expansion of its market coverage to include exposure and event loss data for European floods. 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
Laurent Rousseau, chief executive officer of SCOR, said “there are parallels to be drawn” between the state of the insurance industry in 2017 and the reinsurance industry today, in a speech at the Monte Carlo Rendez-Vous. 11 September 2022
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