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RMS pegs Hurricane Ida insured losses at $25bn to $35bn

The cat risk modeller’s estimate is well ahead of KCC’s $18bn, as RMS said infrastructure in the states impacted by Ida have “never experienced such a strong hurricane wind intensity”.

Marcel Le Gouais, 06 September 2021
Argo to test market appetite for Lloyd's businesses with Syndicate 1200 process

The business is being marketed by investment bank Morgan Stanley following last year's sale of Ariel Re.

Adam McNestrie, 06 September 2021
(Re)Connect 2021: Reinsurance brokers on systemic risk, pricing and the post Aon-Willis landscape

Aon, Guy Carpenter and Lockton chiefs discussed competition between the Big Three brokers and start-ups, climate change and the war on talent.

Rachel Dalton, 06 September 2021
Scor to make Foucart CEO of P&C Partners as Van Viet to retire in Q1 2022

Van Viet was head of underwriting management and retrocession at Scor for 13 years before taking on her current position.

Alex Frampton, 06 September 2021
Pricing ‘in the eye of the storm’ amid widespread under-reserving: Catlin

The Convex CEO said that the reinsurance market was yet to accept the true scale of its Covid-19 exposure.

Samuel Casey, 06 September 2021
Gibson Re sidecar is about playing to R&Q’s strengths: Spiegel

The executive said a capital-light structure would enable continued investment in underwriting, origination and servicing.

Samuel Casey, 06 September 2021
Return-to-work issues less of a concern for London Market: survey

More than 80% of respondents expect firms to have begun a flexible return to work by the end of September.

Luke Harrison, 06 September 2021
Lockdowns an uninsurable political risk: OdysseyRe’s Dubots-Lafitte

The executive said that it was not up to the reinsurance industry to shoulder “unexpected and unquantified abnormality”.

Samuel Casey, 06 September 2021
Ida’s northeast sting will bring a different shape to overall loss

The flooding in the northeast increases scope for commercial lines and auto losses.

Fiona Robertson, 06 September 2021
Swiss Re expects global P&C premiums to more than double by 2040 to $4.3tn

The reinsurer warns that climate risks could increase average weather-related property cat losses in advanced markets by more than 60%.

Luke Harrison, 06 September 2021

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