News

Reinsurance

Argentina: towards new rules in the reinsurance market?

The new regime in Argentina is likely to lead to a major turnaround for the reinsurance sector, but the road ahead is not without obstacles, says Pedro M. Lorenti, a partner at Aurigon Advisors.   18 March 2024

Reinsurance

Specialty MGA UK nabs ex-TransRe leader to expand in Latin America

The executive to head up treaty in Latin America and the Caribbean.   18 March 2024

Insurance

Nord Stream sues Lloyd’s, Arch et al. for $400m after pipeline blast

Nord Stream estimates full repair costs at a much higher €1.2 – 1.35bh.   15 March 2024

Reinsurance

CEA feels reinsurance rate relief, but must keep members on the hook

CEA will prep another revenue bond to maintain member contribution to funding tower.   15 March 2024

Insurance

Lockton mines Arch Re casualty talent for NA construction team

The new North American construction SVP brings pedigrees from Arch, General Re & LSM.   15 March 2024

Reinsurance

US flood programme NFIP bought $620m reinsurance at 1.1 for $121m

NFIP limit is now built over 2:1 on cat bonds more than traditional reinsurance.   15 March 2024

Insurance

California preps use of cat models in wildfire & flood insurance pricing

To-date rules bred ‘rate spikes and balloon premiums’ on major events, regulators admit.   15 March 2024

Alternative Risk Transfer

Hamilton added $200m US risk retro cover 1.1 via Easton Re cat bond

Hamilton claims more retro cover at a better price than initially targeted.   15 March 2024

Insurance

State Farm plots mid-year succession; 30-year insider takes top spot

Michael Tipsord will retire as CEO after 8 years at the helm & 35 years in the firm.   15 March 2024

Insurance

American Club sees P&I premium decline on 2024 renewals

Combined ratio for the 2023/4 policy year ran 103% at end-2023, ‘with an improving trajectory’.   15 March 2024

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