Florida Property Reinsurance Premiums Rise by as Much as 50%: Gallagher Re July 1, 2022 Property reinsurance rates rose by as much as 50% in Florida at July 1 renewals and by up to 40%...
State-Controlled RNRC Says It Now Covers Nearly All Russian Reinsurance July 1, 2022 State-controlled Russian National Reinsurance Co. (RNRC) is covering nearly all reinsurance of domestic business, its president said on Friday, as...
Climate Change Driving Extreme Heat and Flooding in 2022: Report July 1, 2022 By Gloria Dickie Extreme weather events – from scorching heatwaves to unusually heavy downpours – have caused widespread upheaval across the globe this...
Midyear Prop-Catastrophe Reinsurance Capacity Down for 1st Time in Decades: Aon July 1, 2022 For the first time since the devastating U.S. hurricanes of 2004 and 2005, property-catastrophe capacity contracted during the June/July reinsurance...
Brand Appointed Group CEO of Convex July 1, 2022 The Board of Convex Group Ltd., the Bermuda-based specialty re/insurer, announced that Paul Brand, who founded the business in 2019...
People Moves: AXA XL Promotes Dores for Int’l Financial Lines; BMS Builds Out Casualty With Hires From Tysers; WTW Taps RenRe’s Modhvadia for Structured Risk June 30, 2022 This edition of International People Moves details appointments at AXA XL, BMS and WTW. A summary of these new hires...
Markets/Coverages: Aon Incorporates Climate Science Into European Flood Models June 30, 2022 Insurance broker Aon has incorporate the latest climate science into its Impact Forecasting’s European flood models to help enable insurers...
China Digital Campaign Used Social Media to Target Mining Firms: Report June 30, 2022 By Zeba Siddiqui A pro-China propaganda campaign used fake social media accounts to try to stir up opposition, including protests, against mining firms...
EU Antitrust Enforcers Accept Offer From Irish Insurers’ Association June 30, 2022 EU antitrust enforcers accepted on Thursday an offer from Irish insurers’ association Insurance Ireland to open up its data sharing...
Turkish Insurers Seek Bond Issue to Protect Capital From Soaring Inflation June 30, 2022 By Birsen Altayli and Zeynep Berkem Turkey’s insurance association is in talks with the country’s Treasury on a potential inflation-indexed bond issue, the group’s head told...