News

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

Reinsurance

Munich Re’s casualty exit is pure market, not rising skeletons: CEO

Big growth in casualty XoL followed underlying primary rate; Munich Re didn’t seek volume.   8 August 2024

Reinsurance

Fidelis suffers 10-pt hit to combined ratio as large losses bite

Reinsurance led amongst segments with a doubling of underwriting profits.   15 August 2024

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

Talanx boosts H1 net 32% to €1bn record, led by primary insurance

The group should blow by its €1.7bn net profit goal if hurricane seasons also blows by.   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

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