News

Insurance

Cyber insurance market must get ready for cyber attacks, says Marsh

With 84% of large businesses having reportedly suffered a cyber attack in 2023, the question has changed from ‘if’ to ‘when’ an attack occurs.   4 June 2024

Reinsurance

AXIS Re diversification: remediated book leaves open fields for growth

See agriculture, credit & surety, cyber, marine, structured credit, political risk and more.   4 June 2024

Insurance

Lockton swoops on Descartes for head of parametric UK & Europe

Appointee previously held roles at AXA, Arista Insurance and Allianz.   4 June 2024

Insurance

Howden, Allianz ink insurance deal with Saudi EXIM bank to boost non-oil exports

Allianz Trade to provide credit and political risk insurance to international exporters and banks.   4 June 2024

Reinsurance

Reinsurer extreme event PML growth slows in ’24; focus on wind: Moody’s

Munich Re has led the growth in PML/equity, with strong moves on US and European wind.   3 June 2024

Reinsurance

White Bear MGA and Blenheim attract ex-Fidelis ceded reinsurance head

White Bear looks to expand its two underwriting businesses.   3 June 2024

Insurance

Florida reforms slash insurance carrier defence costs in 2023

Defence & containment costs fell 53% y/y for Florida-focussed carriers after 2022 reforms.   3 June 2024

Alternative Risk Transfer

SCOR returns with $175m Atlas Capital cat bond, ‘very pleased with efficiency gains made’

SCOR reused its Irish vehicle for a second year; says it benefited from ‘high investor demand’.   31 May 2024

Technology

New reinsurance vehicle Bondaval Re launched by insurtech MGA after funding boost

It is backed by an European VC who invested in a PayPal-owned company and Cover Genius.   31 May 2024

Insurance

Re/insurers brace for above normal 2024 Atlantic hurricane season

The hurricane season officially starts June 1.   31 May 2024

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