Canada's natural catastrophe loss bill is projected to exceed C$8bn ($5.7bn) this year, driving adjustments in pricing, attachment points and deductibles, according to Jolee Crosby, CEO of Swiss Re Canada.
December 2, 2024
Canada's natural catastrophe loss bill is projected to exceed C$8bn ($5.7bn) this year, driving adjustments in pricing, attachment points and deductibles, according to Jolee Crosby, CEO of Swiss Re Canada.
December 2, 2024
“What's shocking to me, is how little the cyber threat landscape has changed”
Head of Coalition Security Services Chris Hendricks
The (re)insurance sector is set for significant shifts, driven by specialty growth, a focus on climate, and heightened M&A activity, according to Guru Johal, vice chairman and partner and global speciality and reinsurance markets leader at Deloitte.
Industry body the Council of Insurance Agents & Brokers (CIAB) has predicted that the president-elect’s proposed tariffs are unlikely to have a direct impact on the insurance industry, while the potential effects of his proposed tax cuts will largely depend on the final balance of the House of Representatives.
Adopting a client-first focus in Europe is a key differentiator for Everest Insurance International as large clients in these markets have previously felt their needs were not fully being met, underscoring the necessity for a partner like Everest, the firm’s head of continental Europe has told The Insurer TV.
Digital trading is expected to transform the way premium moves across the risk transfer chain, with industry experts predicting that throughout the remainder of the decade, premium will be traded “in a fundamentally different way”, unleashing opportunities in a number of different (re)insurance hubs.
Senior executives reflect on the mid-year reinsurance renewals during an in-person discussion hosted by The Insurer TV in association with Guy Carpenter, with property business facing the toughest renewal in years as demand increased in response to losses and inflation while reinsurers’ resolve stiffened.