Florida governor calls special session to salvage state’s insurance market – Reinsurance News

It wrote: “The order doesn’t mention the possible downgrade of ‘a number of companies’ as dominant FL HO rater Demotech wrote in its letter to the Governor back in March. Assured Research reference a conference held in Florida in recent weeks. We also publish Artemis.bm, the leading publisher of news, data and insight for the […]

Lloyd’s appoints Yelhis Hernandez as market development manager for Central America

Daniel Revilla, regional head of Lloyd’s in Latin America and the Caribbean, said: “I am delighted to announce Yelhis’ promotion to the role of Market Development Manager for Central America, where she will deploy her industry knowledge and expertise to support our customers and market participants across the region. Hernandez was a business development executive […]

Fitch lowers global reinsurance and London market sector outlooks

Although premium rates are still on the up, they have started to decelerate. Analysts at the agency noted that the Russia–Ukraine war has exacerbated some of the negative macro-economic trends affecting reinsurers and the London market. “Increased financial market volatility has led to higher regulatory capital requirements and – in some cases – to investment […]

JMP optimistic about hard market conditions, but inflation fears growing – Reinsurance News

The common consensus, writes the authors, has been that the current elevated inflation will be transitory. We also publish Artemis.bm, the leading publisher of news, data and insight for the catastrophe bond, insurance-linked securities, reinsurance convergence, longevity risk transfer and weather risk management sectors.. …Read the full story

Everest deepens middle market expertise with new property insurance product – Reinsurance News

In addition, Everest’s new Middle Market Property product will be written on the flexible Everest Pinnacle™ Property form, enabling U.S. We also publish Artemis.bm, the leading publisher of news, data and insight for the catastrophe bond, insurance-linked securities, reinsurance convergence, longevity risk transfer and weather risk management sectors.. …Read the full story

Hard market becoming increasingly risky and challenging for insurers: Amwins – Reinsurance News

Meanwhile, the Federal Reserve has started raising rates in an effort to slow down inflation. We also publish Artemis.bm, the leading publisher of news, data and insight for the catastrophe bond, insurance-linked securities, reinsurance convergence, longevity risk transfer and weather risk management sectors.. …Read the full story

Catastrophe bond market reaches $12.5bn – Aon – Reinsurance News

Back then, Aon said that alternative capital stood at just $22 billion in 2009, meaning its growth rate over the past decade has far exceeded that of traditional reinsurance capital. We also publish Artemis.bm, the leading publisher of news, data and insight for the catastrophe bond, insurance-linked securities, reinsurance convergence, longevity risk transfer and weather […]

Attractive market conditions benefit Conduit Re at renewals: Eckert – Reinsurance News

Commenting on the renewal outcome, Neil Eckert, Group Executive Chairman, said, “Conduit Re is benefiting from some of the most attractive market conditions seen in a generation. We also publish Artemis.bm, the leading publisher of news, data and insight for the catastrophe bond, insurance-linked securities, reinsurance convergence, longevity risk transfer and weather risk management sectors.. […]

Cyber market still hardening as underwriting view shifts: analysts – Reinsurance News

“This has brought about a remarkable shift in underwriting sentiment, pivoting from one of loss complacency to one of loss inevitability,” Howden continued. We also publish Artemis.bm, the leading publisher of news, data and insight for the catastrophe bond, insurance-linked securities, reinsurance convergence, longevity risk transfer and weather risk management sectors.. …Read the full story

US infrastructure package to boost surety market: AM Best – Reinsurance News

“Implementation of projects under the new infrastructure law will largely determine the health and prospects for the U.S. We also publish Artemis.bm, the leading publisher of news, data and insight for the catastrophe bond, insurance-linked securities, reinsurance convergence, longevity risk transfer and weather risk management sectors.. …Read the full story

Lloyd’s announces plans to lower market processing costs by 40% – Reinsurance News

This will be done via three key changes. The first important change will see the arrival of a Core Data Record with common data standards for policy, premium, and claims, which translates digital processing. Mike Salvino, President and CEO, DXC Technology, commented: “This new digital platform will fundamentally change the operating model of the whole […]