Reinsurers could be underestimating seismicity risk following megathrust events
Seismic hazard models attempt to predict the long term risk of earthquakes by looking at, among other things, the slowly changing stress that builds on faults.
Inflation on insured values main reason for Travelers extra reinsurance protection, says CFO
Travelers’ decision to obtain extra reinsurance protection is mainly due to the recent inflationary impact on insured values according to Chief Financial Officer (CFO), Dan Frey.
Feds outline broad cyber disclosures
Cyber Risks, D&O, Emerging Risks, Excess and Surplus Lines, Mergers and Acquisitions, Regulation, Technology Arthur J. Gallagher & Co., Marsh & McLennan, USI Insurance Services
Orion180’s 2024 hurricane season reinsurance tower grows 47%
Orion180 has completed its reinsurance placement for excess-of-loss (XOL) and net quota share agreements for the 2024 hurricane season, marking a 47% increase in the firm’s tower from 2023.
Ryan Specialty acquires Irish MGU 360° Underwriting
Ryan Specialty, an international specialty insurance firm, has acquired 360° Underwriting, a managing general underwriter (MGU) specialising in commercial construction.
TRIA reauthorization bill passes Senate banking committee
Catastrophes, Disaster Management, P/C Insurers, P/C Legislation and Regulation, Property, Regulation, Reinsurance, Terrorism
Munich Re Specialty names Sabrina Hart president, CEO
Excess and Surplus Lines, Reinsurance Munich Re
Hannover Re generates Q1 profit of €264m despite above budgeted major losses
Global reinsurer Hannover Re has recorded a profit of €264 million for the first quarter of 2022, despite above budgeted catastrophe losses within its property and casualty (P&C) reinsurance business, and additional pandemic-related losses in life and health (L&H).
RAA urges US Senate to back smarter and resilient insurance strategies
In a strong message to the US Senate Committee on Banking, Housing, and Urban Affairs, the Reinsurance Association of America (RAA) has called for policies that bolster a resilient, competitive private insurance market and reject expanded government-run insurance programs.
Gallagher acquires UK consultancy
Agents and Brokers, Mergers and Acquisitions United Kingdom Arthur J. Gallagher & Co.
Coalition appoints Mark Bird to lead UK Incident Response division
Coalition has announced the appointment of Mark Bird as the head of Coalition Incident Response UK Ltd. (CIR), the company’s affiliate incident response and cyber forensics organisation.