January 3, 2024
This year’s January reinsurance renewals were described by brokers as “stable,” “predictable,” “orderly,” “calmer,” “disciplined,” with “increased appetites” and a return to supply/demand balance. What a difference in tone from last year’s grueling January renewals. “In a marked change on …
November 22, 2023
After a costly 2023 severe convective storm season in the US, reinsurers underwriting in the regional property catastrophe market are skeptical about providing frequency cover, but their overall appetite remains healthy, according to Gallagher Re. Carriers are less willing to …
October 30, 2023
Hurricane Otis is expected to be one of the costliest natural catastrophe events in Mexico’s history with initial economic losses expected to top US$10 billion, according to Gallagher Re. Further, insured losses are expected to run into the billions of …
October 10, 2023
This edition of International People Moves details appointments at Gallagher Re and Sompo International. A summary of these new hires follow here. Gallagher Re Taps RenRe’s Allard to Lead Global Credit & Political Risk Global reinsurance broker Gallagher Re has …
September 21, 2023
One of the themes at this year’s reinsurance Rendez-Vous de Septembre (RVS) was that reinsurers have rediscovered client need, client interest and have again started to put clients at the center of conversations, according to Dirk Spenner, managing director at …
September 12, 2023
Executive summary: Reinsurance underwriting is all about finding equilibrium between reinsurers’ reason for being—reducing the volatility of cedents earnings—and producing stable profits in their own businesses. With new laws promising to change a Florida litigation environment that was out of …
September 11, 2023
Non-life insurers are set to significantly improve their profitability in the next few years as investment returns from higher rates cushion a hit from a rise in claims, a report by Swiss Re Institute showed on Saturday. Insurers invest a …
August 17, 2023
This edition of International People Moves details appointments at Gallagher Re, Dale Underwriting Partners and AXA XL. A summary of these new hires follows here. Gallagher Re Taps Posada from Howden to Lead LatAm, Caribbean Sales Gallagher Re announced that …
July 26, 2023
Airlines could end up paying twice as much for insurance they need to protect themselves against losses triggered by war after a bruising year wiped out aviation war insurers’ revenue for 2023, industry sources say. Aircraft were destroyed at Khartoum …
July 6, 2023
Capacity was more readily available during the mid-year renewals, which brokers described as “orderly,” in comparison to the turbulent January renewals. At the same time, prices saw some moderating trends while reinsurers continued to maintain underwriting discipline, according to reports …