News
Insurance
Discussions in Monte Carlo were centred on three core areas, all of them based around supply dynamics, Tom Wakefield, chief executive officer of Gallagher Re UK, told Intelligent Insurer. 13 September 2022
Insurance
The global legacy market is bullish, with strong demand from insurers for capital-relieving solutions, plentiful supply of capital from investors, and increasing investment by brokers. 13 September 2022
Insurance
Transparency is crucial for this year’s 1/1 negotiations, according to NewRe chief executive officer Thomas Braune, as capacity shortages, inflation and a wave of wider uncertainties have hit the reinsurance market. 13 September 2022
Insurance
Any move to increase rates on the basis of wider global market trends will be resisted by Benoît des Cressonnières, the buyer for Allianz Trade and chief executive officer of Euler Hermes Reinsurance, part of Allianz Trade, on the basis that his business has been consistently profitable for some 14 years. 13 September 2022
Insurance
The idea of a widespread cat capacity crisis is “nonsense”. Capacity is available and the largest European reinsurers are even willing to write more—with the exception of US cat peak zone risks, James Vickers, chairman, international, reinsurance, Gallagher Re, told Intelligent Insurer. 13 September 2022
Insurance
A flight to quality has taken place by investors that now applies to all investment opportunities in the property-cat space, Jarad Madea, head of TigerRisk Capital Markets and Advisory, told Intelligent Insurer. 13 September 2022
Insurance
The volume of re/insurance legal disputes has increased significantly since the COVID-19 pandemic but cases on the reinsurance side are taking time to be resolved, according to Stephen Netherway, partner at law firm Devonshires. 13 September 2022
Insurance
The insurance industry will never be able to entirely close the protection gap—and the same is true for the public sector. That’s why the United Nations Development Programme’s (UNDP) senior advisor Daniel Stander believes the “false bifurcation” between the two sectors must be eradicated. 13 September 2022
Insurance
Inflation is one of the hottest topics at Monte Carlo this year but Mike Papworth, managing director of Miller International, does not believe it’s here to stay. 13 September 2022
Insurance
The first gathering in three years of P&C re/insurers in Monte Carlo is not merely a longed-for opportunity to reconnect in person, but the most urgent call to arms in a decade, Matthew Wilken, chief underwriting officer for Hiscox Re & ILS, told Intelligent Insurer. 13 September 2022
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