Reinsurers Cautious About US Regional Property Cat as Storm Losses Rise: Gallagher Re November 22, 2023 By L.S. Howard After a costly 2023 severe convective storm season in the US, reinsurers underwriting in the regional property catastrophe market are...
Otis Likely to Be One of Costliest Hurricanes for Mexico Insurance Market: Gallagher Re October 30, 2023 Hurricane Otis is expected to be one of the costliest natural catastrophe events in Mexico’s history with initial economic losses...
People Moves: Gallagher Re Taps RenRe’s Allard as Head of Global Credit & Political Risk; Sompo Int’l Names Heads of Claims, Distribution & Client Relationship Mgmt October 10, 2023 This edition of International People Moves details appointments at Gallagher Re and Sompo International. A summary of these new hires...
From Disorderly to Orderly Reinsurance Renewals – What a Difference a Year Makes September 21, 2023 By L.S. Howard One of the themes at this year’s reinsurance Rendez-Vous de Septembre (RVS) was that reinsurers have rediscovered client need, client...
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...
P/C Insurers Set to Significantly Improve Profitability Even as Claims Rise: Study September 11, 2023 Non-life insurers are set to significantly improve their profitability in the next few years as investment returns from higher rates...
People Moves: Gallagher Re Taps Howden’s Posada for LatAm, Caribbean Sales; Dale Hires Pettifer for Property Open Mkt; AXA XL Names Hayzelden for Upstream Energy August 17, 2023 This edition of International People Moves details appointments at Gallagher Re, Dale Underwriting Partners and AXA XL. A summary of...
Airlines Face Doubling in War Insurance Premiums After Sudan Losses: Sources July 26, 2023 By Carolyn Cohn Airlines could end up paying twice as much for insurance they need to protect themselves against losses triggered by war...
Appetite for Cat Exposures Returns; Reinsurers Stay Disciplined in Mid-Year Renewals July 6, 2023 By L.S. Howard Capacity was more readily available during the mid-year renewals, which brokers described as “orderly,” in comparison to the turbulent January...
Intrepid Reinsurance Execs Take on Extreme Challenge in ‘World’s Toughest Row’ June 15, 2023 By L.S. Howard Four intrepid reinsurance executives from Convex and Swiss Re are rowing from Monterey, Calif. to Hawaii – as part of...