ILS investors expecting ‘‘payback’’

Despite the billions of dollars of capital that is now trapped in collateralised reinsurance and retro vehicles following the recent roll-call of brutal cat events, investors in the alternative sector remain committed to the market but they now expect “payback.”

Sun 22 Oct 2017

Axis hires Swiss Re’s Arora to lead $2.2bn reinsurance arm

Axis Capital has hired long-serving Swiss Re executive Steve Arora to become head of its $2.2bn reinsurance arm, Axis Re, following the departure of Jay Nichols earlier this year.

Sun 22 Oct 2017

Arnoldussen to join RMS in German push

Hot on the heels of news that Giuseppina Albo left the Munich Re Board of Management to become the new CEO of Hamilton Insurance Group, a second former board member has unveiled a new role.

Sun 22 Oct 2017

The great 2018 capital reload

Sun 22 Oct 2017

London counts potential Brexit cost in millions

On the eve of Baden Baden, the International Underwriting Association has issued new figures highlighting that billions of pounds of London market business is threatened by the current uncertainty over the terms of the UK’s withdrawal from the European Union.

Sun 22 Oct 2017

Credit Suisse raises $282.5mn for new ILS legacy funds

Leading ILS manager Credit Suisse Asset Management (CSAM) is raising up to $800mn for two new funds that will invest in securitised legacy assets.

Fri 20 Oct 2017

London company market wrote £22.725bn in 2016

The London (re)insurance market reached a record size in 2016 after the International Underwriting Association (IUA) revealed today (20 October) that its members increased their business written in 2016 by 2.9 percent to £22.725bn.

Fri 20 Oct 2017

Swiss Re estimates 3Q losses at $3.6bn

Swiss Re says the roll-call of recent catastrophe losses - including Hurricanes Harvey, Irma and Maria - will cost the group $3.6bn in net losses.

Fri 20 Oct 2017

Data drought hinders European (re)insurers’ cyber response

(Re)insurers need more access to information on cyber-attacks if they are to provide adequate coverage.

Thu 19 Oct 2017

Snr Munich Re exec to head up HIG

Giuseppina Albo is to become the new CEO of Hamilton Insurance Group after resigning from her role on the board of management at Munich Re.

Thu 19 Oct 2017

Piracy numbers continue to fall in 2017

Despite the number of maritime piracy attacks continuing to decline, the International Maritime Bureau (IMB) has urged vigilance and greater collaboration from agencies and shipping companies to tackle the continued threat in a number of hotspots.

Tue 17 Oct 2017

GIC Re IPO raises $1.5bn

The state-owned General Insurance Corp of India (GIC Re), has seen its initial public offering (IPO) oversubscribed but possibly not as high as the government would have wished for.

Mon 16 Oct 2017

California’s $4.6bn wildfires cost add to reinsurers’ H2 2017 loss tally

The wildfires that have swept through California’s wine making region will add a further $4.6bn in H2 2017 losses to the (re)insurance industry, rating agency Moody’s estimates.

Mon 16 Oct 2017

Africa’s nascent $5.2bn P&C reinsurance market tempts overseas carriers and protectionism

The potential of Africa’s nascent $5.2bn reinsurance market to expand rapidly on the back of the continent’s improving economic prospects is continuing to tempt both overseas reinsurers and also governments from imposing protectionist measures.

Mon 16 Oct 2017

Lloyd’s S&P outlook downgraded to negative

Against a backdrop of circa $100bn in industry losses from the recent catastrophic events, S&P has revised its outlook for the market from stable to negative, while maintaining it’s A+ financial strength.

Fri 13 Oct 2017

California’s deadly wildfires sweep through wine country

At least 31 people have now been killed and 400 are reported missing in the deadliest week of wildfires in California’s history.

Fri 13 Oct 2017