News
Alternative Risk Transfer
The appointee had helped in shaping the new strategic direction of the business while improving underwriting and servicing processes. 20 October 2021
Insurance
The reinsurance broker has launched a new insurtech center of excellence (COE). 20 October 2021
Insurance
The company says its third quarter result was burdened by heavy losses from natural catastrophes. 20 October 2021
Insurance
The unit will initially encompass product recall, terrorism/political violence and special contingency (K&R) product lines. 20 October 2021
Insurance
The deal marks Marco’s third acquisition within the last nine months. 20 October 2021
Insurance
The broker has hired a vice president for North America financial lines from Chubb. 20 October 2021
Insurance
There are widespread hopes that reinsurance markets will secure rate increases after a loss-impacted 18 months, but new investment continues to pour into the sector, says partner David Sowrey. 20 October 2021
Insurance
The reinsurance sector has failed to meet its cost of capital for nearly five years, and the ratings agency remains unconvinced that it will be able to do so again this year, says S&P Global Ratings’ Ali Karakuyu. 20 October 2021
Insurance
Resilience amid uncertainty: SiriusPoint’s Cramér Manhem describes an industry grappling with change
With a higher frequency and severity of cat losses, and as clarity emerges around losses from COVID-19, there will be a realignment around pricing for certain lines of business, Monica Cramér Manhem, president, international reinsurance at SiriusPoint, told Baden-Baden Today. 20 October 2021
Insurance
Flooding isn’t new in Europe, and even the losses in Germany weren’t unforeseeable, according to AIR Worldwide’s Yörn Tatge. As re/insurers discuss secondary perils and look forward to January renewals, it may be that the main lessons learned are for the longer term. 20 October 2021
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