News
Insurance
QBE Re, the reinsurance division of QBE Insurance Group, is displaying the fruits of its restructuring to clients in Monte Carlo. 11 September 2022
Insurance
The rise in cyber attacks, and specifically ransomware incidents, has brought about “some very interesting changes” for the class of cyber insurance, Daniel Carr, head of Cyber at Ariel Re, told Intelligent Insurer. 11 September 2022
Insurance
Demand for environmental, social and corporate governance (ESG)-reputational risk insurance is surging, but, according to Nir Kossovsky, chief executive officer of Steel City Re, there is a lack of capital available. 11 September 2022
Insurance
Industry veteran Donald Harrell, who founded Montague Risk Partners in late 2021, describes the firm’s recent deal to acquire a stake in two UK-based firms in the managing general agent (MGA) space as just the start of its three-pronged approach—and hints there will be more announcements by year-end around drawing tech-focused firms into the insurance space. 11 September 2022
Insurance
Inflation will continue to impact the reinsurance market, but some of the pressure on energy prices will abate, according to AM Best, speaking in a press conference in Monte Carlo yesterday (September 11). 11 September 2022
Insurance
The idea that challenges such as climate change can be tackled by simply increasing rates is a misconception—as is the market’s obsession with describing a hard market. Instead, the focus should be on the nature of coverage and helping clients better manage risk. 11 September 2022
Insurance
Reinsurance broker TigerRisk Partners has formed what it is calling a cat capacity SWAT team, dedicated to identifying new sources of property-catastrophe capacity, as a potential capacity crunch looms for cedants ahead of next year’s cat renewals, many of which are themselves seeking more coverage as property exposures soar. 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
With rates hardening and capacity shrinking in some lines there seems to be a perfect storm brewing for the re/insurance industry. But this storm is not so perfect, according to Chris Bonard, chief executive officer, Bermuda, of Inver Re. 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
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