-
Aon’s Impact Forecast has suggested that only a limited portion of the loss will pass to reinsurers. -
The Lloyd’s chief of markets also highlighted inflationary risks as a trend of which to be aware for syndicates.
-
The storm tore through north-western Europe in October, with major losses in France, Germany and Belgium.
-
The firm’s senior meteorologist noted activity was in line with expectations on major storms, if not all named storms.
-
Theo Norris has joined Gallagher Re as a dedicated cyber ILS broker, moving from his Aon Securities role as acting ILS assistant vice president.
-
Maya Bundt referred to cyber security threats as the “dark side” of proliferating digitalisation.
-
The executive said there was a strong case for meaningful rate increases in reinsurance.
-
The reinsurer aims to become carbon-neutral in operations by 2030, whilst its reinsurance target date is 2050.
-
AM Best sees accumulating cyber risk in the US property market downgrading 18 US property carriers, considering Best’s Capital Adequacy Ratio.
-
The city’s pension fund recorded a 3% return from its ILS portfolio in 2020.
-
The storm has dumped more than nine inches of rain on the city of Houston and risks further damage to Ida-hit properties.
-
In its renewal season update, the carrier said Bernd, Ida, Uri and the pandemic would force up pricing across lines and regions.
