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January Reinsurance Renewals Were Most Challenging in 2 Decades: MMC’s Doyle
Jan 27 2023 // The most challenging January reinsurance renewals in nearly two decades saw global property catastrophe rate increases of 25% to 60% with loss-affected clients facing even higher prices, according to John Doyle, president...
No Class of 2023: Why Capital Is Sitting on the Reinsurance Sidelines
Jan 25 2023 // Until investors can be convinced that property-catastrophe reinsurance pricing has caught up with recurring event losses, they’ll continue to sit on the market sidelines, a market executive said recently. During an...
Hannover Re Transfers Cyber Risks to Capital Markets via Proportional Reinsurance
Jan 24 2023 // Hannover Re has developed an additional retrocession tool that for the first time enables the capital markets to participate directly in coverage of its cyber risks through a quota share cession. Longstanding partner Stone...
Jan. 1 Renewals: ‘They Got Done’; Carrier Overreliance on Reinsurers Corrected
Jan 24 2023 // When an AM Best analyst said, “Apparently, things didn’t go that bad” to describe 1/1 reinsurance renewals, he wasn’t actually saying anything unique. Carlos Wong-Fupuy, a senior director for AM...
Consilium Launches Cedent Facultative Reinsurance Division
Jan 23 2023 // Consilium, the London-based speciality re/insurance broking business of the Aventum Group, announced the launch of a new cedent driven facultative (FAC) reinsurance division. Simon Richardson Simon Richardson has been...
January Renewals See Hardest Property-Catastrophe Reinsurance Rates in a Generation
Jan 23 2023 // A convergence of global events has led to the hardest property catastrophe reinsurance market in a generation and a “complex,” “grueling” and “late” January renewal season, which went...
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