Reinsurance

AM Best: Reinsurers to absorb bulk of Typhoon Yagi losses

Reinsurers are likely to absorb the majority of losses from Typhoon Yagi in Vietnam, according to AM Best, which could potentially test reinsurers’ appetite for regional cat risks at the upcoming 1.1 renewals.

US-listed reinsurance stocks slide following RVS despite positive sentiment

Shares in US-listed reinsurers have traded down following the Monte Carlo Rendez-Vous, with Fidelis and Hamilton leading the losses since last Friday.

Scor’s US L&H CEO Bruckner to retire at year-end

French reinsurer Scor has announced that its US life and health CEO JC Brueckner has decided to retire at the end of the year, departing after nine years in the role and four decades in the global (re)insurance sector.

Pine Walk tees up specialty reinsurance cell Silverflame Re

Pine Walk, the Fidelis Partnership’s MGA incubation platform, is set to launch a new specialty reinsurance cell called Silverflame on 1 October, The Insurer can reveal.

Guy Carpenter: Specialty cedants expect rates more in line with risk profile at 1.1

Specialty reinsurance buyers are expected to place equal emphasis on value and price of coverage as they enter discussions over the upcoming 1.1 renewals, according to a report from Guy Carpenter.

Francine becomes hurricane ahead of Gulf Coast landfall

Francine has become the fourth hurricane of the 2024 Atlantic season as it heads towards a Gulf Coast landfall in the next 24 hours.

Gallagher Re adds LM Re’s El Angoudi for parametrics and EMEA agriculture

Liberty Mutual Re’s Abdessamad El Angoudi has joined Gallagher Re as head of agriculture EMEA and parametric sales international.

CEO roundtable: Industry must work together to address underinsured and emerging risk opportunity

Faced with emerging risks and challenges around escalating “traditional” risks such as severe convective storms, insurers, reinsurers and intermediaries need to work together to better understand the risk and educate buyers, governments and regulators on the value of the product, according to participants on the Deloitte CEO Roundtable.

The Monte Carlo postcard…

In a few hours’ time, Monte Carlo’s Casino Square will once again be the sole habitat of fast cars and slow tourists as the global reinsurance caravan and its entourage moves on for another year.

SiriusPoint looks to Lloyd’s platform to fuel London/international $1bn growth bid

SiriusPoint wants its London/international division to become a $1bn business over the next three years, with the expansion fuelled by the continued build-out of its Lloyd’s operation as it aims to again increase its One Lime Street stamp capacity for 2025.

Future state-backed nat cat pools must better harness free market solutions: Enoizi

The viability of state pooling schemes for losses resulting from large natural catastrophe events is broadly dependent on creating an environment that allows the free market to manage the risk, Guy Carpenter’s Julian Enoizi has said.

IGI’s Loucaides: Don’t “go off a cliff” with property rates amid lower H2 cat activity

Reinsurers should not “go off a cliff” with property rates at 1.1, IGI’s Andreas Loucaides has argued, with the executive underlining that a relatively benign Atlantic hurricane season to date should not lead to a significant reduction in prices.

Ariel Re’s Carr: CrowdStrike highlights cyber coverage discrepancy concerns

Significant discrepancies between the products being offered by primary carriers remain a key concern for the cyber reinsurance market as it nears the 1 January renewals, Ariel Re’s Dan Carr has told The Insurer.

Legacy start-up Sophrosyne Partners to target corporate long-tail liabilities

Opportunities to tap into the growing demand from European corporates for solutions to their US liability exposures spurred the formation of new legacy specialist Sophrosyne Partners, Eleni Iacovides has told The Insurer.

LatAm reinsurance demand growing as opportunities arise in Brazil

As Latin American insurers refine their risk management strategies, AM Best believes their need for reinsurance will grow, while in Brazil the rating agency said a pullback from the country’s largest player – IRB(Re) – is presenting opportunities for other reinsurers.

European reinsurers in a global industry

Laurent Rousseau, CEO, EMEA and global capital solutions at Guy Carpenter, examines how European reinsurers fit within the global market.

Leveraging data and technology to build confidence in the cyber class

Howden Re’s Luke Foord-Kelcey and Toby Lampier explain how an innovative cyber retro placement demonstrates the steps that can be taken to better manage exposure.

Underwriting in the age of AI

EY’s Rodney Bonnard and Ed Majkowski highlight how generative AI is changing the (re)insurance sector.

Juniper Re confirms the appointment of Wagner as head of facultative

Juniper Re has confirmed the appointment of former Aspen executive Russ Wagner as head of facultative.

Everest to launch own Lloyd’s managing agency for Syndicate 2786

Everest is forming its own managing agency to assume oversight of Syndicate 2786, nine years after the platform was set up under third-party managing agent Asta, The Insurer can reveal.

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