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Chief of markets Patrick Tiernan said the Corporation will also launch a disaster scenario exercise with the market, looking at China, Taiwan and the US. -
The storm is not expected to be a threat to the order of Jebi or Hagibis.
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This publication’s review of H1 disclosures shows how listed (re)insurers’ nat cat losses have tallied with aggregate projections.
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The storm was downgraded from super typhoon status ahead of landfall but was still the equivalent of a significant hurricane.
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Plus all the top news from the Monte Carlo Rendez-Vous and this week’s exclusive executive moves.
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Insurance Insider selects 10 exclusive news stories reported by our team on the frontline at Monte Carlo Rendez-Vous.
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How much capacity is available to meet rising cat reinsurance demands was a key theme throughout this year’s Rendez-Vous.
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The carrier will focus on writing a limited number of mid-sized EMEA clients in its first year.
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Reinsurers are pushing for premium adjustments to minimise inflation risk and walking away from multi-year deals.
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Aon’s reinsurance solutions CEO, Andy Marcell, said the loss ratios of treaties managed by the brokerage firm performed “pretty well” in the past 10 years.
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Insurance Insider explores the themes around growth in London and a contraction of cat limits on the horizon, in the months before an intensive 1.1 period.
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The ratings agency warns latent exposure to property risk could cause capital deterioration.
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