Is AXIS Selling Its Reinsurance Business? Some Say: Where There’s Smoke, There’s Fire April 29, 2022 By L.S. Howard AXIS Capital Holding’s chief executive officer would not comment on reports that the company is looking to sell its reinsurance...
Ending Collateral Requirements for Non-U.S. Reinsurers – It’s Been a Long Time Coming April 22, 2022 By L.S. Howard Financially strong EU and UK reinsurers will finally see the end of collateral requirements for business they write in the...
Aspen Becomes 17th Insurer to Stop Insuring Canada’s Trans Mountain Pipeline April 21, 2022 By L.S. Howard Lloyd’s of London syndicate Aspen Insurance has decided to cut ties with the existing Trans Mountain pipeline when its current...
Natural Disasters Cost Global Economy $32B in Q1, With Only $14B Insured: Aon April 18, 2022 By L.S. Howard Preliminary economic losses from natural hazards billion during the first quarter of 2022 totaled $32, of which less than 50%...
Secondary Perils Responsible for Growing Share of Disaster Claims: RMS April 18, 2022 By L.S. Howard Not only did natural catastrophes in 2021 break insurance claims records, but they also highlighted the growing cost of non-modeled...
Floods Drive Economic Losses in 2021, but Only 25% of Risks Are Insured: Swiss Re April 18, 2022 By L.S. Howard More than 50 severe flood events around the world caused combined economic losses of $82 billion in 2021, while insured...
Malloy Departs SiriusPoint, a Year After Company’s Launch April 8, 2022 By L.S. Howard Dan Malloy has left SiriusPoint Ltd., a year after the company was formed from the merger of specialty reinsurer Third...
Secondary Perils Responsible for Growing Share of Disaster Claims: RMS April 8, 2022 By L.S. Howard Not only did natural catastrophes in 2021 break insurance claims records, but they also highlighted the growing cost of non-modeled...
Global Insurance Losses From Russia-Ukraine War Could Range From $16B to $35B April 1, 2022 By L.S. Howard Global insurance losses from the Russia-Ukraine war could range from $16 billion to $35 billion, with reinsurers expected to assume...
Floods Drive Economic Losses in 2021, but Only 25% of Risks Are Insured: Swiss Re March 30, 2022 By L.S. Howard More than 50 severe flood events around the world caused combined economic losses of US$82 billion in 2021, while insured...