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...
Aon Buys Mexico’s ERN, Expanding Its LatAm Catastrophe Modeling Capabilities November 14, 2022 Aon plc, the global professional services firm, expands its catastrophe modeling and consultancy capabilities in Latin America with the acquisition...
D&O Pricing Falls 14.7% in Q3, Breaking 17-Quarters of Pricing Increases: Aon November 10, 2022 By Jahna Jacobson Directors and officers liability pricing fell 14.7% in the third quarter, according to a recent survey. Aon’s Financial Services Group’s...
Aon: Business Leaders Say Recession Looms; What Sets Prepared Companies Apart? November 1, 2022 Despite a majority of global business leaders expecting a recession within the next year, many still have a positive outlook...
DOJ Antitrust Losses in Court Are Seen as Setback for Biden’s Merger Crackdown October 26, 2022 By Leah Nylen In the span of just a month, federal judges rejected the US Justice Department’s attempts to block three mergers in...