UK Insurer Aviva to Sell Singlife Joint Venture Stake for $1 Billion September 13, 2023 By Elizabeth Howcroft Aviva is quitting its Singlife joint venture, selling its 25.9% stake in Singapore Life Holdings and two debt instruments to...
People Moves: Mosaic Builds Team of Underwriting Specialists in Canada; Everest Re Taps PartnerRe’s Schiattone as Global Head of Financial Risk September 12, 2023 This edition of International People Moves details appointments at Mosaic and Everest Reinsurance. A summary of these new hires follows...
Extreme Heat Threatens Global Fuel Security September 12, 2023 By Serene Cheong, Sharon Cho and Yongchang Chin Searing temperatures from Texas to Tokyo over the summer are the latest reminder of a growing headache for the energy...
China Relaxes Rules for Insurers to Invest in Stock Markets September 12, 2023 China’s financial regulator on Sunday reduced the risk weighting it attaches to insurance companies’ holdings of blue-chip shares and tech...
How Reinsurers Can Win in the Game of Volatility September 12, 2023 By L.S. Howard Executive summary: Reinsurance underwriting is all about finding equilibrium between reinsurers’ reason for being—reducing the volatility of cedents earnings—and producing...
World’s Largest Ports May Be Unusable by 2050 Without More Climate Action: Report September 11, 2023 By Jonathan Saul Some of the world’s largest ports may be unusable by 2050 as rising sea levels hit operations, and efforts to...
Markets/Coverages: Reinsurance MGA Envelop Risk Launches Program to Aid Cedents’ Entry Into Cyber September 11, 2023 Envelop Risk, the UK-based cyber re/insurance and analytics specialist, announced the launch of a program for cedents that want to...
Morocco Survivors Seek Aid as Earthquake Death Toll Passes 2,100 September 11, 2023 By Jihed Abidellaoui and Alexander Cornwell Survivors of Morocco’s deadliest earthquake in more than six decades struggled to find food, water and shelter on Sunday as...
Legacy Acquisition Specialist RiverStone Int’l Acquires Catalina Insurance Ireland September 11, 2023 RiverStone International, the London-based provider of legacy solutions in the Lloyd’s market, has signed an agreement with members of the...
Reinsurers Hope Profitability Party Will Last – But All Good Things Must End September 11, 2023 By Brian C. Schneider Executive summary: Fitch Ratings is projecting reinsurer returns on equity of 14% in 2023 and 2024, results that reflect a...