Claire McDonald named CEO of Scor’s large corporate primary business
Commercial Risk » Reinsurance
by Ben Norris
2d ago
Former HDI Global executive Claire McDonald is joining Scor as CEO of its large corporate risk unit. McDonald has been appointed CEO of Scor Business Solutions, previously Scor specialty insurance, and member of the reinsu… Register for ultimate access to this article and ALL our premium content ULTIMATE ACCESS PROVIDES YOU WITH If you are already a registered user or… Source ..read more
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Cyber cat consortium launched to help transfer systemic risk
Commercial Risk » Reinsurance
by Ben Norris
6d ago
Ariel Re and Hiscox Re & ILS have launched an “industry first” cyber catastrophe consortium to ultimately boost coverage in the primary insurance market. The CyberShock consortium is designed to offer up to $50m of per… Register for ultimate access to this article and ALL our premium content ULTIMATE ACCESS PROVIDES YOU WITH If you are already a registered user or subscriber… Source ..read more
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Munich Re ‘more likely’ to exceed 2024 profit target after €2.1bn gain in Q1
Commercial Risk » Reinsurance
by Sarah Jolly
1w ago
Munich Re has posted a preliminary net profit of €2.1bn for the first quarter of 2024, significantly outrunning analysts’ expectations of €1.48bn. Munich Re said the “strong start” to 2024 followed better-than-expected perfor… Register for ultimate access to this article and ALL our premium content ULTIMATE ACCESS PROVIDES YOU WITH If you are already a registered user or… Source ..read more
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Munich Re reorganises P&C underwriting in Asia Pacific, Middle East & Africa
Commercial Risk » Reinsurance
by Tony Dowding
2w ago
Munich Re has reorganised its local P&C underwriting in Asia Pacific, Middle East and Africa (APAC MEA) with stronger local underwriting teams and a new divisional set-up. The reinsurer said the mandate of local market un… Register for ultimate access to this article and ALL our premium content ULTIMATE ACCESS PROVIDES YOU WITH If you are already a registered user or subscriber… Source ..read more
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Aon names Sapra head of reinsurance solutions India
Commercial Risk » Reinsurance
by Adrian Ladbury
2w ago
Aon has announced the appointment of Shailendra Sapra as CEO of the firm’s reinsurance solutions in India and a member of the APAC region’s reinsurance executive committee, effective 1 June 2024. Sapra will be based in Mumba… Register for ultimate access to this article and ALL our premium content ULTIMATE ACCESS PROVIDES YOU WITH If you are already a registered user or… Source ..read more
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Robust earnings will help rein in reinsurance price hikes through 2024
Commercial Risk » Reinsurance
by Mathew Lerner
3w ago
A rebound in reinsurance industry capital, prompted by strong reinsurer earnings, should help keep reinsurance pricing in check during 2024 renewals, according to sources and recent industry reports. Bolstered by improved … Register for ultimate access to this article and ALL our premium content ULTIMATE ACCESS PROVIDES YOU WITH If you are already a registered user or… Source ..read more
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Reinsurance prices ‘peaked’ ahead of next round of renewals, says Berenberg
Commercial Risk » Reinsurance
by Sarah Jolly
3w ago
Reinsurance prices are likely to have peaked, according to analyst Berenberg, but strong levels of demand for protection will balance any deterioration in rates. Berenberg analyst Tryfonas Spyrou said risk-adjusted rates are … Register for ultimate access to this article and ALL our premium content ULTIMATE ACCESS PROVIDES YOU WITH If you are already a registered user or… Source ..read more
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Swiss Re names Andreas Berger as CEO
Commercial Risk » Reinsurance
by Ben Norris
1M ago
Swiss Re has named Andreas Berger, CEO of Swiss Re Corporate Solutions, as its next group CEO. Berger will take over on 1 July with Christian Mumenthaler stepping down from the role after eight years and 25 years with the … Register for ultimate access to this article and ALL our premium content ULTIMATE ACCESS PROVIDES YOU WITH If you are already a registered user or… Source ..read more
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Japanese casualty reinsurance saw largest hikes at 1 April
Commercial Risk » Reinsurance
by Matthew Lerner & Ben Norris
1M ago
Casualty reinsurance renewals in Japan saw the largest increases at April 1 while property markets were less challenged than in last year’s renewals, according to a report from Gallagher Re. General third-party liability e… Register for ultimate access to this article and ALL our premium content ULTIMATE ACCESS PROVIDES YOU WITH If you are already a registered user or… Source ..read more
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AXA doesn’t expect ‘material’ group losses from bridge collapse
Commercial Risk » Reinsurance
by Claire Wilkinson & Ben Norris
1M ago
AXA doesn’t expect losses at its AXA XL unit, which leads the $3bn excess of loss reinsurance cover for the International Group of P&I clubs, to be material at group level following the collapse of Baltimore’s Francis Sco… Register for ultimate access to this article and ALL our premium content ULTIMATE ACCESS PROVIDES YOU WITH If you are already a registered user or subscriber… Source ..read more
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