Global Natural Disasters Cost Insurers $43B in H1, Surpassing 10-Yr Average: Munich Re
Natural disasters during the first half of 2023 cost insurers an estimated $43 billion with an overall economic price tag of $110 billion, according to Munich Re.
Property/casualty insurers in the U.S. that focused on difficult-to-place risks distanced themselves from their peers in key metrics measuring earnings, underwriting ... Liberty Mutual Insurance announced major organizational changes and executive leadership appointments, which are aimed at enhancing its personal and small commercial ... Four intrepid reinsurance executives from Convex and Swiss Re are rowing from Monterey, Calif. to Hawaii as part of the "World's Toughest Row – Pacific." It's all for ... SiriusPoint has seen a cluster of challenges over the past two years—ranging from an incomplete merger integration to persistent underwriting and investment losses to ... In the days before hedge fund manager Daniel Loeb decided to drop its buyout of SiriusPoint, Carrier Management asked analysts at AM Best and Fitch Ratings about the pros ... The rollout of the Lloyd's cyber war exclusions has received considerable criticism for the chaos and confusion caused in the weeks leading up to the March 31 effective ...
Guy Carp Analysis: Cyber Cat Model Results Diverge
Significant progress has been made in advancing vendor's cyber catastrophe models, but a notable degree of variability exists across model outputs, which can pose a challenge to insurance and ...
Specialty P/C Insurers Outperform Their U.S. Peers: Report
Liberty Mutual Announces Organizational Changes, Leading to 370 US Job Losses
Higher Reserving Uncertainties Could Sustain Hard Market Conditions: Report
Systemic shocks related to the recent pandemic, the war in Ukraine, natural catastrophe losses and elevated inflation have raised questions about reserve adequacy for property/casualty insurers, ...
Reinsurer Appetites for Cat Exposures Return at Midyear: Brokers
Capacity was more readily available during the midyear renewals, which brokers described as "orderly," in comparison to the turbulent January renewals. At the same time, prices saw some moderating ...
Reinsurance Execs Take on Extreme Challenge
Serious Change Underway at SiriusPoint
The Pros and Cons of Going Private
Lloyd’s Cyber War Exclusions: Confusing, Disruptive, but Necessary?