Reinsurance
Insurers to pass on Pool Re price reductions to policyholders
Insurers have signalled that they will pass on reductions in the price of terrorism reinsurance to policyholders when Pool Re cuts its overall pricing in October.
Flood Minister urges insurers to 'come on board' to Build Back Better
Rebecca Pow MP, Flood Minister, has applauded the Build Back Better scheme for providing homes at risk of flooding with flood insurance policies to make the nation more resilient to flooding.
Clyde & Co merges with BLM; Beazley unveils underwriting structure; KGM buys Eridge Underwriting Agency; Blanc becomes WWF ambassador; and Swiss Re warns of global protection gap
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Briefing: Biba and Markerstudy - a litmus test as to why it is good to bury beef and move on
Katy Perry and Taylor Swift, Drake and Meek Mill, and now Markerstudy and the British Insurance Brokers' Association. Jonathan Swift looks at why this latest reconciliation should make the 2022 Biba Conference an even more highly anticipated event than…
Reinsurers to continue to pay Russian claims, exposure limited: S&P
S&P Global Ratings expects global reinsurers will continue to pay claims arising in Russia, but said their exposure to the adverse effects of sanctions was limited.
HSBC extends Marsh deal; Zurich to set up transformation Centre of Excellence; Pool Re completes expanded terrorism placement; and Howden acquires again
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Russia’s Ukraine war to ‘substantially’ impact global insurance industry: AM Best
The Russian invasion of Ukraine is likely to have a substantial impact on the global insurance industry in the near to midterm, AM Best has said.
Brokers defend record amid insurance probe into 'failing' market for flats and tower blocks
Amid regulatory scrutiny brokers have accepted there are insurance challenges for flats but sought to defend their role when approached by Post.
FCA lacks ‘precision’ and regulators need greater accountability, inquiry hears
London Market trade body representatives have told a Lords’ inquiry that the regulator’s ‘one size fits all’ approach to insurance must change and more accountability is needed.
Intelligence: Hardening continues with reinsurance renewals
January’s renewals saw reinsurers playing hardball not only in their pricing, but also in the structures of their clients’ reinsurance programmes. Post explains why the hardening market is not driven by a lack of capital, but by renewed underwriting…
Inquiry launched into commercial insurance and reinsurance market
The Lords' Industry and Regulators Committee has launched an inquiry into commercial insurance and reinsurance regulation.
Bifurcated 1.1 renewal market negotiations leaves strained relationships, reinsurance brokers warn
Challenging negotiations between reinsurers and buyers during the busy 1.1 renewal season may have strained relationships with some clients, brokers have warned.
Interview: Stephen Catlin, Convex
Harry Curtis spoke to Stephen Catlin, CEO and chairman of Convex, about how the insurer is looking forward, why cyber risks are a step too far and his response to climate critics
Johnny Timpson receives OBE in New Years Honours List
Insurance diversity and inclusion campaigner Johnny Timpson was made an officer of the Order of the British Empire in the New Years Honours List.
Swiss Re reports nat cat losses fourth worst since 1970; Davies buys BVS; Leak Bot to go public after reverse takeover; and Ryanair teams up with insurtech
Post wraps up the major insurance deals, launches and investments of the week
January renewals going down to the wire amid 'Mexican standoff', says Catlin
A “Mexican standoff” between brokers and reinsurers ahead of the busy 1.1 reinsurance renewals means the industry is facing a “monumental” workload before the end of the year, Convex CEO and chairman Stephen Catlin has said.
Interview: Andrew Wallin, Ardonagh Specialty
Ardonagh buying the insurance operations of BGC Partners was a “rocket fuel moment” for both organisations with opportunities abounding after the deal which doubled the size of the specialty business, according to Ardonagh Specialty CEO Andrew Wallin.
Editor's comment: When is a reinsurer not a reinsurer?
I recently got up close and personal with a very cute pair of red pandas. My son is a massive fan and with climate change such a big issue we wanted to do our bit to support this species endangered by habitat loss due to logging, grazing livestock and…
Top 50 Reinsurers 2021: Global reinsurance segment marked by stability and uncertainty
Diversification into primary insurance leads to shuffle among the world’s largest reinsurance groups AM Best's Catherine Thomas and Mathilde Jakobsen explain.
Video: View from the top: Aviva chief distribution officer Gareth Hemming
In this exclusive interview recorded as part of the Insurance Post Live Annual Conference 2021 we hear from Aviva’s Gareth Hemming as he offers his insight and thoughts on supporting customers and brokers during the pandemic.
Competition watchdog clears Gallagher/Willis Re deal
The Competition and Markets Authority has given the green light to the merger between Gallagher and Willis Towers Watson’s treaty reinsurance business.
Dominic Burke to retire from Marsh McLennan in series of executive changes
Dominic Burke, vice-chair of Marsh McLennan, will retire in mid-January, the broking giant has confirmed.
Ardonagh's Inver Re names Nick Griffiths director
Nick Griffiths has joined the Ardonagh Group’s Inver Re as a director.
Flood Re CEO warns that flood resilience is not being prioritised
Andy Bord, CEO of Flood Re, has called for increased focus on adaptation measures to cope with climate change that “is already in the system”.