Following another active season, Martin Bertogg, head of cat perils and cyber at Swiss Re Institute, questions whether the way the industry models hurricane risk needs to evolve.
As The Insurer revealed yesterday, on Friday the Supreme Court will hand down its judgment on the Financial Conduct Authority’s appealed landmark test case on disputed Covid-19 business interruption claims in a verdict expected to have far-reaching consequences for both UK carriers and policyholders.
QOMPLX president and general manager of insurance Alastair Speare-Cole says that regardless of the size of insured losses, the hack of US network management software firm SolarWinds is a wake-up call to the industry and insureds.
BMS’ Mory Katz tells The Insurer that all existing long-tail reserves are potential opportunities to utilise a growing range of run-off products, as insurers look to legacy solutions as part of their overall capital management strategy.
A clear adjustment in risk perception among (re)insurers is set to drive continued pricing momentum at other significant renewals in 2021, said David Flandro, managing director of HX Analytics and Howden Capital Markets.
Jeff Irvan, chief property officer at BMS, says non-concurrent reinsurance placements are becoming increasingly commonplace as quoting ranges widen…
Prime Holdings Insurance Services chairman and CEO Rick Lindsey says proper claims handling, not hard market price increases, is the route to underwriting profitability for insurers.
The world is going through an extraordinary moment due to the Covid-19 crisis, and while all sectors have been hit, the (re)insurance sector has been particularly affected for two main reasons, writes Hervé Nessi, chief underwriting officer at CCR Re.
Widespread availability of pandemic insurance, through the industry’s private sector incentives and the federal government’s access to capital, would provide policyholders with long-term incentives to reduce their risks from contagious diseases, argues Daniel Kaniewski, managing director at Marsh & McLennan Companies.
As Covid-19-related losses creep their way up through reinsurance layers, “a number of issues” are beginning to arise and a new litigious battleground is forming.