Property cat
-
Insurers in the emirate typically buy low-attaching reinsurance.
-
The recent Italian hail and Bernd losses show some companies are relying on outdated models.
-
Tropical Storm Risk (TSR) has updated its forecast for North Atlantic hurricane activity, predicting a "hyper-active season" in 2024, with activity being around 70% above the 1991-2020 climate norm.
-
The new CEO needs to fix the underwriting, but should also ask the bigger questions.
-
The announcement confirms earlier reports from this publication.
-
Joe Morrello joined the firm in 2022 after serving as E&S property head at Beazley.
-
Oversupply of capacity will outweigh casualty and per-risk concerns.
-
Last summer’s hail loss has crept significantly for many Italian cedants.
-
Competition among insurers is rising as new carriers enter the market.
-
The underwriter will report to Kristina Maffit.
-
Syndicate 609 will focus on deploying capacity in D&F and specialty.
-
Mutual Zenkyoren is expected to reduce its purchase this year.
-
Exposures to property are growing materially in the riskier geographies.
-
-
The Australian carrier has a full-year natural peril budget of A$1.09bn.
-
The depth of the retro market recovery will be an influential factor in the pace of the cat market slowdown from here.
-
The segment has bounced back from its mid-2022 nadir, but its current zenith is not that much to shout home about.
-
The LatAm telecoms company buys a sizeable protection triggered by windspeeds.
-
Insurance competition remains vibrant in some of the segments that remain most exposed to persistent risks highlighted by the flagship World Economic Forum report.
-
The carrier also signed down some Lloyd’s players due to differential pricing.
-
The flight of reinsurers to mid- and upper layers of programmes is influenced by recent experience but softening at this level can be seen as a risky move.
-
The broker’s report also hailed the best risk-adjusted margins for ILS investors in a decade.
-
Reinsurers are looking to grow in top-layer cat risk, resulting in “variable” outcomes on sign-downs.
-
The primary insurance subsidiary buys around EUR700mn of property cat protection from the wider market.
Most Recent
-
Valder appointed Arch Insurance International deputy CEO
23 April 2024 -
Focus on Blueprint Two testing not timescales: Velonetic
22 April 2024 -
Nexus names Barent Re’s Willett as head of development
22 April 2024