News
Insurance
The insurance industry is headed for a “true hard market” where demand for property cover may not be fully satisfied because of reduced capacity, Manuel Arrive, a director in Fitch Ratings’ insurance group said at a Reinsurance Briefing in Monte Carlo on September 10. 11 September 2022
Insurance
A $30 billion increase in loss costs last year must drive the market to support sustained price increases, Jill Beggs, Everest Re’s head of North America Reinsurance, told Monte Carlo Today. 11 September 2022
Insurance
This year marks a ‘fundamental change’ in the market as inflation and hard market conditions kick in, says chairman of VIG Re, Johannes Martin Hartmann. 10 September 2022
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
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
An exodus of capacity from the property cat market has resulted in the best pricing in that sector since 2006—and this means a clear opportunity for reinsurers, says Bewlay. 10 September 2022
Insurance
Workers’ comp remains ‘high, high, high ROE’ but still must come down as part of book 9 September 2022
Insurance
The reinsurer ‘maintained’ profitability despite the consequences of Ukraine war and nat cat. 9 September 2022
Insurance
Reinsurers past the tipping point: still behind on pricing risk, but without easy capital. 8 September 2022
Insurance
The move is part of the insurer’s ‘renewed drive’ in the sector. 7 September 2022
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