News
Insurance
PERILS has announced the expansion of its market coverage to include exposure and event loss data for European floods. 11 September 2022
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 highly complex risk environment caused by influences within and outside of the sector, coupled with the evolving dynamics of a hardening market, are generating significant volatility within the reinsurance sector, yet there is much to inspire confidence among re/insurers. 11 September 2022
Insurance
Insurtechs are booming and, as a result of the COVID-19 pandemic, these companies, and other agile firms in the industry such as managing general agents (MGA)s and third party administrators (TPAs), look set to play an ever more vital role in the future structure of the re/insurance industry. 11 September 2022
Insurance
Hugh O’Donnell, chief executive officer at Bermuda Brokers, told Intelligent Insurer of two main developments in Bermuda’s evolution as a “vibrant and diverse” marketplace. 11 September 2022
Insurance
Ben Zehnwirth, the founder and managing director of statistical solutions provider Insureware, is unperturbed by the swathe of macroeconomic trends sweeping the globe as the firm offers unique insight to its clients. 11 September 2022
Insurance
Reinsurance earnings will benefit from rising prices and gradually higher investment income amid rising interest rates, according to Moody’s Investors Service in a pre-Monte Carlo briefing. 10 September 2022
Insurance
AM Best-rated Caribbean property/casualty insurers posted an 8 percent increase in net income in 2021 to more than $70 million, highlighting carriers’ risk management practices, although the region remains highly vulnerable to a number of risks, led by climate risk. 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
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
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