All Reinsurance Month 2021 week two articles

  • US casualty
    News

    Casualty QS heads to another inflection point as underlying momentum wanes

    2021-09-08T12:43:00Z

    Reinsurers are again beginning to question the sustainability of casualty and professional liability quota share ceding commissions that are largely back in the 30 percent or more range amid the steady drip feed of data points indicating a deceleration of underlying rate increases.

  • Germany flood
    News

    Market fears €10bn loss from European floods

    2021-09-08T12:31:00Z

    Market concerns over the quantum of losses from July’s European floods are continuing to grow, with fears the event may now cost in excess of €10bn ($11.8bn), according to Ascot CEO Andrew Brooks.

  • MS Amlin
    Analysis

    MS Amlin: The talent challenge

    2021-09-08T12:21:00Z

    The carousel of senior personnel at MS Amlin has continued to spin over the past two years, with a number of high-profile departures – and subsequent arrivals – at the MS&AD-owned carrier.

  • Corvus
    News

    Corvus launches real-time risk aggregation platform for cyber risk

    2021-09-08T12:18:00Z

    Insurtech Corvus Insurance has launched what is thought to be a first-of-its-kind platform that allows its program carriers and reinsurers to review premiums, policy numbers or limits at risk in real time along with a number of other metrics to quantify risk aggregations.

  • Overall price increase
    Analysis

    CEOs bullish on US commercial insurance rates despite Q2 moderation

    2021-09-08T12:14:00Z

    Reinsurers will be closely monitoring underlying insurance rate trends as the key 1 January renewal date nears. For US commercial pricing, deceleration has become a common phrase to describe the current environment. 

  • 9-11
    Comment

    The darkest hour…

    2021-09-08T12:13:00Z

    This weekend will mark the 20th anniversary of the 9/11 terrorist attacks on the World Trade Center – a vile, catastrophic event that continues to shape the world we live in today and which at the time extracted a huge human and financial toll on the (re)insurance sector.

  • Willis Re
    Analysis

    Willis Re: Reinsurance capital up 4% in H1 driven by strong net income

    2021-09-08T07:29:00Z

    Global reinsurance total dedicated capital grew to $688bn in the first half, up 4.3 percent from the start of the year, according to the latest Reinsurance Market Report from Willis Re, with the reinsurance broker’s international chairman James Vickers telling this publication that reinsurers are still struggling to cover their ...

  • Laurent Rosseau – Scor
    News

    Scor raises 2022 GWP growth targets

    2021-09-08T07:07:00Z

    Scor CEO Laurent Rousseau is expected to unveil to investors an ambitious series of growth targets for 2022 which include gross premium income growth of up to 20 percent within the reinsurer’s P&C unit.

  • Top 10
    Analysis

    Top 10 Reinsurance Broker Rankings

    2021-09-08T00:47:00Z

    The M&A saga involving two of the big three firms may have dominated news flow over the last 18 months, but 2020 revenue numbers compiled in our latest survey show signs of traction for the phalanx of small to mid-size rivals looking to benefit from the disruption…

  • Tower Hill Insurance
    News

    Tower Hill plans to roll $600mn Florida HO book into new reciprocal insurer

    2021-09-08T00:41:00Z

    Tower Hill Insurance Group (THIG) is aiming to transfer its existing $600mn Florida homeowners book to the new reciprocal insurer it has formed with capital from Gallatin Point Capital, Vantage and RenaissanceRe as it looks to continue growing the business without current surplus constraints, The Insurer can reveal.

  • Hurricane Ida damage Louisiana
    News

    Ida adds to challenging year for aggregate retro

    2021-09-08T00:35:00Z

    At current loss estimates Hurricane Ida is expected to lead to another disappointing year for aggregate retro writers and potential fatigue for ILS investors supporting the product, #ReinsuranceMonth panellists have said.

  • Louisiana flood
    News

    Hurricane Ida – the $20bn+ catastrophe with a sting in its long tail

    2021-09-08T00:33:00Z

    Hurricane Ida could rank second only to Katrina in terms of cost to the insurance industry should claims reach the top end of estimates published to date by modelling companies.

  • Mike Van Slooten Aon
    News

    Aon’s Van Slooten: “Good and bad news for reinsurance buyers at 1.1”

    2021-09-07T16:08:00Z

    Buyers of reinsurance face a mixed bag ahead of the 1 January renewals with negotiations expected to be shaped by recent cat activity on both sides of the Atlantic, the residual impact of the pandemic on carriers as well as concerns around wider systemic risks and ESG agendas.

  • Lloyd's
    Analysis

    Argo Syndicate 1200: A litmus test for Lloyd’s M&A

    2021-09-07T07:14:00Z

    As this publication revealed yesterday afternoon, Bermudian Argo has put its Lloyd’s operation Syndicate 1200 on the block.

  • Louisiana flood – Ida
    News

    Ida set to drive Louisiana carrier capital raises

    2021-09-03T14:45:00Z

    A number of smaller homeowners carriers with portfolio concentrations in Louisiana are expected to seek capital raises later this year after what could be a second consecutive year of surplus erosion following Hurricane Ida, The Insurer can reveal.