Re/insurers
-
Climate change is likely to have already driven up insured losses from hurricanes by 11%, and could raise annual windstorm losses by an additional 10-19%, according to the latest white paper from Karen Clark & Co (KCC).
-
Lockton Re has hired James Boon from Aon to work as a senior broker in the expansive non-marine retrocession and property specialty division.
-
The return to an in-person event follows two years of forced cancellations owing to Covid-19.
-
Review of quarterly financial updates released so far shows Bermudian carriers wearing major losses.
-
The top 21 reinsurers were rated positive on just 9% of factors overall.
-
The carrier’s primary unit CorSo also bettered its combined ratio by 24.9 points on last year’s figures.
-
Everest Re CEO Juan Andrade said appetite had gone “very much higher up in structures”.
-
Everest Insurance head of specialty casualty will transition to the reinsurance division, reporting to Beggs.
-
The new functionality supports online collaboration for optimal placements.
-
The two parties had previously negotiated a $9bn deal for the reinsurer last year, which was later scrapped.
-
The carrier will continue to write the business from Bermuda and the US.
-
The preliminary result was achieved despite EUR600mn losses from Bernd damages, as well as EUR1.2bn losses from Hurricane Ida.
Most Recent
-
Hurricane Milton unlikely to trigger Mexican cat bond
08 October 2024 -
Milton track shifting northward towards Tampa: NHC update
08 October 2024 -
Hurricane Milton: The Big One?
08 October 2024 -
Milton intensifies but set for Cat 3 landfall
08 October 2024 -
Hurricane Milton maximum wind speeds reach 180 mph: NHC
07 October 2024