News
Insurance
Standard & Poor’s (S&P) is maintaining its negative view of the global reinsurance sector, but expects that underwriting profitability will improve in 2022–2023 in both property/casualty (P/C) and life reinsurance. 10 September 2022
Insurance
AM Best-rated Caribbean property/casualty insurers posted an 8 percent increase in net income in 2021 to more than $70 million, highlighting carriers’ risk management practices, although the region remains highly vulnerable to a number of risks, led by climate risk. 10 September 2022
Insurance
Natural catastrophes and volatile markets weigh heavily on the H1 results of Munich Re, Swiss Re, Hannover Re, SCOR, according to a report on the four largest European reinsurers published by Moody’s Investors Service on August 25. 10 September 2022
Insurance
As the world faces myriad challenges, it’s time for the re/insurance industry to truly demonstrate its value, Steve Hearn, chief executive officer of Inver Re, told Monte Carlo Today. 10 September 2022
Insurance
Ransomware attacks continue to soar, demand is rising for insurance coverage and insurers need more data, according to Gerry Glombicki of Fitch Ratings. 10 September 2022
Insurance
Insurers heading into the January 1, 2023 reinsurance renewals may be forced to abandon their preferred track or structures and “think quite creatively” to overcome the many barriers and concerns which reinsurers may bring to the table, top officials at Aon have warned. 10 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
Entry into the Asian market is the ‘next logical step’ as the reinsurer continues to diversify portfolio and explore new geographies, Achim Bosch tells Intelligent Insurer. 10 September 2022
Insurance
Re/insurers should not focus too much on event frequency when it comes to windstorm risk—just like real estate, location (where a hurricane makes landfall) is everything, Karen Clark, chief executive officer of Karen Clark & Company (KCC), told Monte Carlo Today. 10 September 2022
Insurance
As the global reinsurer celebrates its 20th anniversary Dieter Winkel, president of LM Re, explains how the company’s joined-up thinking has ensured, and will continue to ensure, stability and sustainability in turbulent times. 10 September 2022
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