#Hannover Re

Discipline persists despite new capacity: Hannover Re’s Althoff –

The upward trajectory of rates on line will continue at the January 1st 2022 reinsurance renewals, including European accounts hit by losses this year, according to Sven Althoff, executive board member at Hannover Re. “While the barriers to entry for P&C are relatively low, it is a cyclical business,” he...
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When it can pay to delay…

Twenty years ago – in the immediate aftermath of the horrors of 9/11 – Lloyd’s was subsumed in a liquidity crisis and potentially teetering on the edge of insolvency. The true extent of the losses caused by the terrorist attacks would not be known for some time but already cash-strapped Lloyd’s syndicates were facing demands from US regulators to replenish their 100 percent collateral limits requirements, as per the terms of Lloyd’s US trading licences.
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Cyber Re hardening to continue as demand outstrips supply in ~$3.5bn market

The cyber reinsurance market has ballooned to between $3bn and $3.5bn over the past year, with increased demand and concerns over loss trends driving hardening as reinsurers respond by raising rates on excess of loss (XoL) structures and pushing down cedes on quota shares. Cyber reinsurance GWP estimated to have...
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Marine Reinsurance Market Outlook 2021: Big Things are Happening

Latest Study on Industrial Growth of Global Marine Reinsurance Market 2021-2027. A detailed study accumulated to offer Latest insights about acute features of the Marine Reinsurance market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis.

Hannover Re: rising prices continue in P&C reinsurance

Hannover Re: rising prices continue in P&C reinsurance. The current market climate necessitates further price increases and improvements in the conditions of property and casualty (P&C) reinsurance for the 2022 renewals, according to Hannover Re. The threefold combination of low interest rates, inflation expectations and large losses from natural catastrophes...

Global Marine Reinsurance Market 2021 Industry Opportunities And Development Analysis 2026 : Swiss Re, Munich Re, AXA XL, Hannover Re, Lloyd's, Berkshire Hathaway, RGA, China RE, Korean Re, PartnerRe, GIC Re, Mapfre, Alleghany, Everest Re, Maiden Re, Fairfax, AXIS, Mitsui Sumitomo, Sompo, Tokio Marine

“Orbisresearch report studies the financial situation of the global Marine Reinsurance market, future estimates, market opportunities, important market destinations, and key players. The key objective of the Orbisresearch report is to present world outlook of the global Marine Reinsurance market across different countries. For each year reported in the study, the Orbisresearch report gives developments in that year, estimates, and potential industry earnings. The growth estimates, percent shares of the countries and regions are given in US million dollars. The comparative analysis thus allows the user to gauge a country vis-à-vis others.

Reinsurance: Goodbye, Monte Carlo – Economy

For the second time, the world meeting of reinsurers was to take place this week on a computer screen instead of the usual one in Monte-Carlo. The coronavirus made sure of that. Industry giants like Munich Re, Swiss Re, Hannover Re and their clients, Allianz’s insurers in Zurich, should seize the opportunity and definitely turn their backs on the French Riviera’s tax haven.

A comprehensive study exploring Reinsurance market key players- Lloyd’s of London, HDI-Gerling, SCOR, XL Group

The latest published report on Reinsurance Market Analysis and Forecast 2020-2026 delivering key insights and providing a competitive advantage to clients through a detailed report. The report also analyzes the key market players, especially the distributors, along with the industrial chain structure. The evolution of market trends is discussed along...

Meeting the climate challenge: the #ReinsuranceMonth debate

In the absence of the annual market gatherings that typically take place at this time of year, The Insurer’s #ReinsuranceMonth has sought to facilitate debate and discussion around critical industry issues throughout the month of September. ESG has figured prominently within those discussions to date, reflecting the increasing awareness of...

Prices in property and casualty reinsurance continue to rise

Along with the sometimes above-average large losses recorded in past years, the recent flooding seen in Europe – a natural disaster on a historic scale – and the considerable losses caused by Hurricane Ida in the US have further increased the need for action on the part of reinsurers. Pandemic-related costs and the low interest rate environment are an additional strain on the results generated by primary insurers and reinsurers. Inflation rates have also been rising of late in some regions. This has further heightened risk awareness among primary insurers and given an added boost to demand for high-quality reinsurance protection.

Reinsurance: prices rise, but not as desired – economy

In February 2021, a severe onset of winter in the United States brought about arctic temperatures – even in states like Texas, which actually never experience freezing temperatures. Destroyed buildings and business disruptions caused insured losses of $ 15 billion. Storm Bernd, which caused severe flooding in North Rhine-Westphalia and Rhineland-Palatinate in July, is also not cheap for insurers with around seven billion euros. And Hurricane Ida, which recently hit the United States, will cost the industry up to $ 35 billion, not including damage from record flooding in New York City. Insurers will be called upon to pay correctly in 2021, and therefore also reinsurers, with which insurers insure themselves against major claims.

People On The Move: Lockton’s Reese Joins Cowbell Cyber; Optio Expands Political Violence Unit with Kirby; AXIS appoints 3 to American renewable energies

A former Lockton executive has joined Cowbell Cyber ​​as the new head of insurance. Chris Reese will focus on the business of the company. Reese brings over 35 years of cyber insurance experience. Prior to joining Cowbell, Reese was Senior Vice President and Head of Insurance Cyber ​​& Technology Practice at global insurance broker Lockton, where he was a consultant on e-business risk transfer products for non-profit, private and public companies. Reese has also held executive positions at NAS Insurance Services, Chivaroli and Associates, and GJ Sullivan Co.

AXIS Insurance strengthens US renewables team

AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings, has announced three appointments in its US renewables team. The company has appointed Becky Nace-Grover as senior underwriter, Kamran Hameed as cross-class underwriter, and German Torres as underwriter. All three will report to Sam Walsh, head of US renewable energy at AXIS.