-
The operation will be led by José Leão, CEO of BMS Re in Brazil, and Judi Newsam, president. -
Discussions with industry and in-country partners have so far foregrounded parametric solutions.
-
GWP rose by 17% to $177bn for Aon’s peer group of reinsurers, while their average combined ratio stood at 94.0% – down from 104.4% for the prior-year period.
-
The well-known underwriter has held similar positions at Sompo International and Partner Re.
-
The ratings agency said that cat models were not taking into account the full impact of climate change.
-
The cat modeller’s estimate follows a $950mn projection from Karen Clark and Company.
-
AM Best sees positive market trends in reinsurance including more restrictive terms and better rates.
-
Provinzial confirmed its claims had risen above EUR1bn and it now estimates they could reach EUR1.5bn.
-
The state body supporting earthquake cover has seen risk transfer requirements swell over the past decade.
-
The insurer’s net monthly cat losses reached $876mn.
-
The ratings agency said cat activity, Covid-19 and social inflation would play key roles in influencing investor returns.
-
Recently one of my colleagues argued that it was time for a “bonfire of PMLs”, as the past five years have shown that the industry has seriously underpriced the kind of $10bn-$20bn loss events that have been happening since Harvey, Irma and Maria landed in 2017.
