All Reinsurance Month 2021 week two articles
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NewsCasualty QS heads to another inflection point as underlying momentum wanes
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.
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News
Market fears €10bn loss from European floods
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.
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Analysis
MS Amlin: The talent challenge
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.
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News
Corvus launches real-time risk aggregation platform for cyber risk
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.
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Analysis
CEOs bullish on US commercial insurance rates despite Q2 moderation
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.
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Comment
The darkest hour…
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.
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Analysis
Willis Re: Reinsurance capital up 4% in H1 driven by strong net income
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 ...
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News
Scor raises 2022 GWP growth targets
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.
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Analysis
Top 10 Reinsurance Broker Rankings
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…
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News
Tower Hill plans to roll $600mn Florida HO book into new reciprocal insurer
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.
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News
Ida adds to challenging year for aggregate retro
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.
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News
Hurricane Ida – the $20bn+ catastrophe with a sting in its long tail
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.
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News
Aon’s Van Slooten: “Good and bad news for reinsurance buyers at 1.1”
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.
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Analysis
Argo Syndicate 1200: A litmus test for Lloyd’s M&A
As this publication revealed yesterday afternoon, Bermudian Argo has put its Lloyd’s operation Syndicate 1200 on the block.
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News
Ida set to drive Louisiana carrier capital raises
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.
