Some Reinsurers Will Try Pandemic Exclusions for Casualty at Jan. 1 Renewals September 18, 2020 By Susanne Sclafane Whether they are convinced that they absolutely need them or not, some reinsurers aim to try to put pandemic exclusions...
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...
Hurricane Laura’s Timing, Direction Bring Harvey, Katrina, Rita to Mind August 25, 2020 Tropical Storm Laura morphed into a hurricane on Aug. 25, 2020 — three years to the day after Hurricane Harvey...
Swiss Re Builds Risk Scoring System, Aiming to Reward Safe Cars with Lower Premiums August 14, 2020 By L.S. Howard A car owner should be able to pay lower insurance premiums for driving a car with safety features, such as...
Not Every Insurtech Is a Startup: How Swiss Re Delivers Tech Solutions August 14, 2020 By L.S. Howard It’s not just insurtech startups that have an edge on innovation. Some established reinsurers have developed their own analytics and...
Secondary Perils Drive Global Insured Catastrophe Losses of $31B During H1: Swiss Re August 12, 2020 Global insured property losses from disasters were US$31 billion in the first half of 2020, up from US$23 billion during...
Swiss Re Confirms H1 Loss of $1.1B with Combined Ratio of 115.8% July 31, 2020 Reinsurance company Swiss Re said on Friday the $2.5 billion in claims and reserves related to COVID-19 that it booked...
Swiss Re Appoints Pasricha as Global Head P&C Solutions, Succeeding Schuh July 23, 2020 Swiss Re announced that Pranav Pasricha, currently CEO of Intellect SEEC, has been appointed global head P&C Solutions of Swiss...
Swiss Re to Report $1.1 Billion Loss During First Half on Hit from COVID-19 July 23, 2020 Reinsurance company Swiss Re said on Wednesday that claims and reserves of $2.5 billion related to COVID-19 will lead to...