All Monte Carlo News
Insurance
For cedants previously relaxed about the structure of their reinsurance programme, a new report by Litmus Analysis has unveiled an often overlooked challenging reality about the reinsurer credit risk a cedant is really taking. 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
The insurance industry has had an issue with attracting younger people for some time—and that could now hurt the industry amid a so-called “great resignation”. Perhaps ironically, soaring inflation may help the industry with talent acquisition and retention, but that may take some time to manifest. 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
Naïve capacity is scarcer than it used to be—but the market remains cyclical and it is only a matter of time before it turns again, Charles Manchester, chief executive officer of Manchester Underwriting, told Monte Carlo Today. 10 September 2022
Insurance
Despite elevated catastrophe activity, AM Best’s composite of US and Bermudian reinsurers posted an improved underwriting margin in 2021, with a minimal number of COVID-19-related claims and larger contribution from investment results. 10 September 2022
Insurance
Investors behind new lines of business, including cyber, terrorism, political and US mortgage risk, are handing Bermuda a flag to plant as the leading jurisdiction of speciality re/insurance, John Huff, president and chief executive officer of the Association of Bermuda Insurers & Reinsurers (ABIR), told Monte Carlo Today. 10 September 2022
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