News

Insurance

Hurricane Debby loss capped at $1.5bn, reinsurers near clear: Moody’s

National Flood Insurance Program losses are projected to remain below $300m.   15 August 2024

Reinsurance

Skyward builds out reinsurance footprint with new mortgage unit

The venture comes as Skywards strives to diversify away from P&C cycles.   14 August 2024

Insurance

Sompo elevates talent to lead Thailand operations in key C-suite role

The appointee has over 20 years in the global non-life insurance industry.   14 August 2024

Insurance

QBE ships in former Marsh broker to lead marine underwriting lines

The exec, who also boasts Aon pedigree, will lead marine & British marine operations.   14 August 2024

Technology

Howden Re partners with cat modeller on seismic risk management in Turkey

Partnership to explore expansion into earthquake-prone regions in Europe, Asia and South America.   9 August 2024

Insurance

Hurricane Debby losses up to $2bn, ‘manageable’ for re/insurers: claim major brokers

Private insurers and the NFIP are expected to face hundreds of millions in losses.   9 August 2024

Reinsurance

Munich Re wants to add more ‘global’ to its specialty drive

A chiefly organic drive is mulled, but the units’ initial market in the US could see M&A.   8 August 2024

Reinsurance

Munich Re slashes casualty at July renewal; total book shrinks

Risk-adjust price gain of 0.6% up from 4.1 and 1.1 thanks to change in mix.   8 August 2024

Reinsurance

Munich Re sees strong market through 2025, but need not pump volumes

Reinsurer discipline will hold amid a need to ‘earn now what they couldn’t for so long’.   8 August 2024

Reinsurance

Munich Re pushes past the cats to boost Q2 margins

Q2 major losses rose 60% y/y to €957m; leaving more than 5 ratio points to overcome.   8 August 2024

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