What to Expect in 2021: Reinsurance Market Moving From ‘Timid’ to ‘Hard’ September 18, 2020 By Susanne Sclafane Speaking at one of the many virtual conferences that took place in early September, Dan Malloy, chief executive officer of...
Insurance Development Forum Launches Insurance Program for Peruvian Schools September 18, 2020 The Insurance Development Forum (IDF), a public-private partnership led by the insurance industry and supported by international organizations, announced the...
Munich Re to Stop Selling Pandemic Business Coverage September 11, 2020 By Stephan Kahl Munich Re has stopped selling coverage to protect against business losses in future pandemics after the German reinsurer took a...
Fitch’s Reinsurance Outlook Remains Negative, Despite Entry into Hard Market Phase September 11, 2020 By Adrian Leonard Fitch Ratings said yesterday its ratings outlook for companies in the global reinsurance sector will continue to remain negative as...
Social Inflation, Low Interest Rates, Rising Catastrophes: Recipe for a Hard Market September 9, 2020 By L.S. Howard Even before the coronavirus crisis hit, the re/insurance industry was in a period of significant rate hardening, which will likely...
Investors Back Startups for Commercial Auto, Climate Risk, High Risk Homes August 14, 2020 By Mark Hollmer An insurtech managing general agency focused on commercial auto insurance has raised $16 million in new Series A financing, a...
Middle East Insurers Likely to Absorb Bulk of Losses from Beirut Port Blast: Sources August 14, 2020 By Jonathan Saul and Carolyn Cohn Insurers in the Middle East are expected to absorb a large part of the losses from Beirut’s explosion last week...
Major Reinsurers Brace for Large Losses from Beirut Port Blast August 13, 2020 By Verity Ratcliffe and Stephan Kahl Some of the world’s biggest reinsurers are bracing for potential losses running into tens of millions of euros after last...
Beirut Port Explosion to Cost Insurers Approximately $3 Billion: Sources August 9, 2020 By Noor Zainab Hussain and Carolyn Cohn Insured losses from the Beirut port warehouse explosion are likely to total around $3 billion, similar to those from an...
Munich Re’s Q2 Net Profit Slumps 42% on COVID-Related Losses August 6, 2020 German reinsurance group Munich Re posted a 42% decline in second-quarter net profit, with around 700 million euros ($832 million)...