Munich Re’s property and casualty (P&C) reinsurance business returned to profit for the full year 2018, with a result of EUR1.14bn, compared to a loss of EU476mn in the previous year.
Liberty Specialty Markets (LSM), the specialty and commercial (re)insurance arm of Liberty Mutual Insurance Group, confirmed today (21 March) that it has re-domiciled its European insurance subsidiary to Luxembourg.
Scor Global P&C has promoted its Asia-Pacific (APAC) CEO Michel Blanc to CEO of reinsurance, following outgoing CEO Jean-Paul Conoscente’s appointment as CEO of SCOR Global P&C.
Catastrophe loss data aggregator Perils has issued a second loss estimate for hailstorms that struck Sydney in December last year of A$633mn ($449mn) - relatively unchanged from its initial estimate.
The offshore wind sector appears to be entering a new stage of its development as a number of countries seek to reduce their carbon emissions from conventional power generation via renewable sources of energy.
With the prospect of further claims from ageing infrastructure and defective new works, a hard construction market could be more than a flash in the pan
Brokers love facilities, and the facultative market is no exception, but has the fac facility’s time come and gone?
For many in the market, “MGA” is a four-letter word. Poorly managed MGAs have generated a negative reputation that affects the entire MGA model.
Despite political and economic problems, growing litigiousness, and a rising claims environment, South Africa retains a cordial, if arm’s-length, relationship with the London market, finds David Benyon
Climate change is a major challenge for the Australian D&F (re)insurance sector, writes Helen Yates
It’s been a tough time for the Mexican fac market of late, with the promised land of harder pricing failing to materialise despite a spate of sustained losses. Marcus Alcock investigates
Australian freefall, rate on line revisions, over-capacity, #Metoo… there’s hardly a dull moment in the financial lines market, as Marcus Alcock discovers
While facultative submissions are rising, Arch Re Fac’s Santiago Hernandez is aware that buyers’ risk perception can be a fickle thing. All the more reason to have cut back wildfire exposures early…
As the property D&F market begins to get its discipline back, Antares’ Conor Finn says the firm’s binder portfolio has enabled it to provide deeper long-term relationships with clients
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Sector profile: Professional indemnity
In recent years, the London PI market has been as soft as a blancmange. With losses mounting and capacity finally slimming, Marcus Alcock wonders if 2019 will see an end to the wobbles