Cyber Insurance Market Back From Brink After Onslaught of Ransomware Attacks February 27, 2023 By Max Reyes The cyber-insurance market, battered by a rash of pandemic-era ransomware attacks, is making a comeback. Price hikes are moderating, new...
People Moves: Swiss Re Promotes Ningen to CEO, US P&C Re; MS Reinsurance Hires 4 for Data, Underwriting; Aon Promotes Day, Dickson in Political Violence & Terrorism Team February 22, 2023 This edition of International People Moves details appointments at Swiss Re, MS Reinsurance, and Aon. A summary of these new...
People Moves: Generali’s GC&C Promotes 3 for German Team; Lockton Re Taps AXIS’ Silley for Cyber Practice; Aon Names Penalva Head of Enterprise Clients, EMEA February 8, 2023 This edition of International People Moves details appointments at Generali Global Corporate & Commercial, Lockton Re and Aon. A summary...
People Moves: Howden Tiger Taps Carpenter’s Smith, Aon’s Walsh for Casualty; Aon Promotes Alcott to UK Chief Commercial Officer; Miller Hires Keeping as Head of P/C February 7, 2023 This edition of International People Moves details appointments at the brokers Howden Tiger, Aon and Miller. A summary of these...
Rising Costs of Secondary Perils Force Reinsurers to Require Higher Attachment Points January 31, 2023 By L.S. Howard Economic and insured losses from secondary perils from natural catastrophes are accelerating and surpassing the loss totals from primary perils,...
Global Insured Losses From Natural Disasters Topped $130B in 2022 in 5th Costliest Year January 26, 2023 Economic losses from natural disasters in 2022 were estimated at $313 billion, with an insurance price tag of approximately $132...
No Class of 2023: Why Capital Is Sitting on the Reinsurance Sidelines January 25, 2023 By Susanne Sclafane Until investors can be convinced that property-catastrophe reinsurance pricing has caught up with recurring event losses, they’ll continue to sit...
Jan. 1 Renewals: ‘They Got Done’; Carrier Overreliance on Reinsurers Corrected January 24, 2023 By Susanne Sclafane When an AM Best analyst said, “Apparently, things didn’t go that bad” to describe 1/1 reinsurance renewals, he wasn’t actually...
It’s Not Over: Tough Times to Persist for Reinsurance January 20, 2023 Repeating words like “frustrated” and “disappointed,” which also punctuated earlier reinsurance broker reports on the Jan. 1 reinsurance renewals to...
People Moves: Aon’s Mason Expands Leadership Role in UK; Chubb Appoints AIG’s Madden for Financial Lines; Sedgwick Names Leif Hansen as CEO Nordic Region December 2, 2022 This edition of International People Moves details appointments at A summary of these new hires follows here. Aon’s Mason to...