Diverging Cyber Cat Model Results Challenge Underwriters’ Risk Analysis: Guy Carpenter August 1, 2023 By L.S. Howard Significant progress has been made in advancing vendor’s cyber catastrophe models, but a notable degree of variability exists across model...
Global Natural Disasters Cost Insurers $43B in H1, Surpassing 10-Yr Average: Munich Re July 28, 2023 By L.S. Howard Natural disasters during the first half of 2023 cost insurers an estimated US$43 billion with an overall economic price tag...
Reinsurance Execs From Convex, Swiss Re Set Pacific Record in World’s Toughest Row July 24, 2023 By L.S. Howard Reinsurance executives from Convex Group Ltd. and Swiss Re completed The World’s Toughest Row, a race from California to Hawaii,...
Specialty P/C Insurers Outperform Their U.S. Peers: Report July 21, 2023 By L.S. Howard U.S. property/casualty insurers that focused on difficult to place risks distanced themselves from their peers in key metrics measuring earnings,...
Higher Reserving Uncertainties Could Sustain Hard Market Conditions: Report July 17, 2023 By L.S. Howard Systemic shocks related to the recent pandemic, the war in Ukraine, natural catastrophe losses and elevated inflation have raised questions...
Liberty Mutual Announces Organizational Changes, Leading to 370 US Job Losses July 17, 2023 By L.S. Howard Liberty Mutual Insurance announced major organizational changes and executive leadership appointments, which are aimed at enhancing its personal and small...
Climate Change Leads to ‘Arctic Opening,’ Creating Key Emerging Risk: Swiss Re July 17, 2023 By L.S. Howard Climate change is the cause of a key emerging risk identified by Swiss Re’s SONAR report, which is leading to...
Appetite for Cat Exposures Returns; Reinsurers Stay Disciplined in Mid-Year Renewals July 6, 2023 By L.S. Howard Capacity was more readily available during the mid-year renewals, which brokers described as “orderly,” in comparison to the turbulent January...
Climate Change Leads to ‘Arctic Opening,’ Creating Key Emerging Risk: Swiss Re June 28, 2023 By L.S. Howard Climate change is the cause of a key emerging risk identified by Swiss Re’s SONAR report, which is leading to...
Construction/Engineering Sector Ranks BI/Supply Chain Disruption as Top Risk June 23, 2023 By L.S. Howard Business interruption/supply chain disruption ranks as the top risk facing the construction and engineering sector, which has been hit by...