-
The Gallagher Re managing director of EMEA North and East said buyers need to be able to explain their stance on handling inflation, going beyond price to include action on their own underlying limits and deductibles, to get reinsurers on board. -
There is a tension between securing payback and negotiating higher retentions.
-
Pricing rose to 950 bps, the higher end of guidance.
-
The new law, set to be implemented on 1 July, seeks to lower insurance premiums for cyclone-affected areas of Australia.
-
Continuing a trend of several years, secondary perils caused most insured losses at $81bn, or 73% of the total.
-
The Lloyd’s business is drawing on TMHCC to advise on the future of its reinsurance book.
-
Executive pay at RenaissanceRe fell for the second year in a row in 2021 after a “disappointing” return for shareholders in a year of elevated natural catastrophes.
-
TigerRisk Partners has added two new brokers to its delegated authority business, including entering the Australian market as it appointed Simon Chandler as head of reinsurance broking programmes and binders.
-
The pricing on Inigo Insurance’s Montoya Re catastrophe bond has settled at 675 basis points (bps), or the top end of guidance, Trading Risk understands.
-
Mitsui Sumitomo Insurance Co and Aioi Nissay Dowa Insurance Co have downsized the Tomoni Re catastrophe bond to $190mn-$245mn over two notes, compared with the initial offering of $240mn over four notes of $60mn each, Trading Risk understands.
-
The corporation’s major losses tallied £3bn, half the level of 2020, with Hurricane Ida driving half these claims.
-
The limit has increased by 5.5% on cover of $1,930mn placed last year.
