News
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
Insurance
Cedants understand that hardening rates in all lines must be borne by all in what is an intrinsically mutual global risk transfer industry, Laurent Montador, deputy CEO of CCR and CCR Re, told Intelligent Insurer. 10 September 2022
Insurance
Tatsuhiko ‘Tats’ Hoshina, the industry veteran credited with steering Tokio Millennium Re from being a $125 million Bermuda property-cat reinsurer to a $1.2 billion global, multiline player, is looking for a new job. Well, more backers, actually. He thinks now is the perfect time to start a reinsurer—and he is open to offers. 10 September 2022
Insurance
Aon has recognised that comprehensive risk analysis does not result from taking today’s event sets and adjusting them, but rather building event sets using a future climate model. 10 September 2022
Insurance
Soaring inflation and the impacts of climate change on the frequency of natural disasters are expected to be key topics for Hannover Re as the reinsurer attends this year’s Monte Carlo Rendez-Vous. 10 September 2022
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