News
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
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
Insurance
Amid a period of uncertainty for US insurers grappling with a myriad of challenges including social inflation, surplus lines carriers are reaping the rewards as admitted carriers withdraw capacity in certain areas. 10 September 2022
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