Emerging risks
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The carrier’s overall reinsurance premiums dropped by 4.7 percent as renewal rates were up 2.8 percent. -
Alex Kaplan has joined AmWins as executive vice president of alternative risk.
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The Munich Re Innovation Syndicate will underwrite a wide range of business starting in 2020.
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The programme has been designed to provide $2bn of excess cover for Sempra and CalEdison.
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The insurer bought a $325mn cover for the Caribbean and Hawaii as well as retro for Validus Re.
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This cohort will spend 10 weeks working on technological solutions designed to improve the efficiency of the market.
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AIR Worldwide put the direct losses from the incident at between $200mn and $600mn.
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ILS markets are expected to participate in the $1bn cyber pool.
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The new model estimates the likelihood, severity, and insurance impact of security breach and cloud service provider downtime incidents.
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AIR Worldwide and RenaissanceRe said they are collaborating to develop a probabilistic model for extreme liability events.
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Hiscox Re has introduced the first ever cyber industry loss warranty to the ILS and reinsurance markets.
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Is catastrophe risk as exotic as the reinsurance industry thinks it is?
