John Neal has pushed Lloyd's of London through a major modernisation effort since 2018 as the City faces ...
Munich Re reduces size of cyber book following launch of “precise” war exclusions
Munich Re saw its cyber reinsurance premium volume contract to $2bn in 2023 following a sustained period of double-digit growth....
Munich Re saw its cyber reinsurance premium volume contract to $2bn in 2023 following a sustained period of double-digit growth....
Article / 2 months ago
Lloyd's Tiernan heralds ‘strong' growth for 2024 but warns on elevated risk environment
Lloyd's chief of markets Patrick Tiernan has claimed 2024 will be “another year of strong growth” for the Lloyd's market, but warned of an extremely...
Lloyd's chief of markets Patrick Tiernan has claimed 2024 will be “another year of strong growth” for the Lloyd's market, but warned of an extremely...
Article / 11 months ago
Ian and Ukraine push MS Amlin to £305mn nine-month loss in 2022
MS Amlin reported a £305mn ($369mn) net loss for the first nine months of 2022, with Hurricane Ian and Ukraine losses, as well as investment losses, all...
MS Amlin reported a £305mn ($369mn) net loss for the first nine months of 2022, with Hurricane Ian and Ukraine losses, as well as investment losses, all...
Article / 1 year ago
AM Best expecting positive 2022 trade credit results despite Ukraine war
Trade credit insurers are likely to report strong results in 2022 despite the war in Ukraine, as they have largely succeeded in “managing down” exposure to...
Trade credit insurers are likely to report strong results in 2022 despite the war in Ukraine, as they have largely succeeded in “managing down” exposure to...
Article / 1 year ago
MENA: War risk pool receives 'B++' Financial Strength Rating from AM Best on strong operating results
Bahrain-based Arab War Risks Insurance Syndicate (AWRIS) has a track record of strong operating performance, demonstrated by a 10-year (2012-2021) weighted average
Bahrain-based Arab War Risks Insurance Syndicate (AWRIS) has a track record of strong operating performance, demonstrated by a 10-year (2012-2021) weighted average
Article / 1 year ago
Russia-Ukraine: Q2 brings little clarity on losses but changing risk perception already shifting market dynamics
Russia-Ukraine-related underwriting losses continued to make a relatively small dent in earnings during the second quarter of 2022, amid a recognition that the more complex components...
Russia-Ukraine-related underwriting losses continued to make a relatively small dent in earnings during the second quarter of 2022, amid a recognition that the more complex components...
Article / 2 years ago
Russia-Ukraine uncertainty hangs over European reinsurance outlook
One of the key takeaways from Q1 earnings announcements was that provisional estimates for insured losses from the Russia-Ukraine conflict were lower than expected...
One of the key takeaways from Q1 earnings announcements was that provisional estimates for insured losses from the Russia-Ukraine conflict were lower than expected...
Article / 2 years ago
Allianz: Ukraine war to slow premium income growth over 2022
Russia’s invasion of Ukraine will mean global insurance premium income will grow at around 1 percentage point slower over 2022 than predicted, according to Allianz...
Russia’s invasion of Ukraine will mean global insurance premium income will grow at around 1 percentage point slower over 2022 than predicted, according to Allianz...
Article / 2 years ago
European reinsurers at Q1: The key takeaways
The Big Four European reinsurers have revealed initial P&C Ukraine losses running into triple-digit millions of dollars and voiced uncertainty over a final loss quantum from the conflict...
The Big Four European reinsurers have revealed initial P&C Ukraine losses running into triple-digit millions of dollars and voiced uncertainty over a final loss quantum from the conflict...
Article / 2 years ago
Specialty carriers give little hope for market softening during recent Q1 results
Comments during first-quarter results from leading Bermuda-based specialty (re)insurers over the last couple of days strongly suggest that...
Comments during first-quarter results from leading Bermuda-based specialty (re)insurers over the last couple of days strongly suggest that...
Article / 2 years ago
