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Latest Property-Catastrophe News

Willis Re pegs 2019 nat cat insured losses at $53bn

Japanese typhoons the biggest contributors to losses in 2019.

Australian hailstorm claims hit $353m and rising

So far 55,650 claims have been received by insurers, over half of which were from the Australian Capital Territory.

Fitch: Price hikes to benefit Bermuda reinsurers

April (Asia focused) and June (Florida focused) 2020 renewals are ripe for more sizable reinsurance rate increases.

Hyperion X adds trio of leaders

Analytics boost for RKH reinsurance broking team.

Aon: Less than a third of 2019 $232bn cat losses covered ...

2010-2019 was the costliest decade on record with nat cat losses reaching $2.98 trillion - report.

U.S. specialty re/insurance broker Protecdiv launches

Firm targeting $100m in revenue in five years.

Willis Re appoints head of international casualty

Role will include specific work in the Asia Pacific region.

Hamilton adds property re head to new U.S. platform

Bermuda-headquartered firm makes hire from PartnerRe as it fills out New York office.

Chaucer appoints new CRO

Penny Shaw stepping down as Chief Risk Officer on 31 March.

Comments

Editor's comment: What does the future have in store?

Reaction's editor Andrew Putwain reflects on his experiences in the market thus far.

Editor's comment: What could have been...

Reactions editor Christopher Munro considers what might have been with England at the World Cup and Bermuda's role in the re/insurance industry.

Garry Booth comment: Fort McMurray wake-up - FREE

Under successive leaders, Canada has been one of the worst performers on the global stage in terms of climate protection.

Reactions April digital issue online now!

This month's magazine issue celebrates 35 years of Reactions, plus features on terrorism, Iran sanctions, reinsurance broking and the run-off market.

Garry Booth comment: no COP out for insurers - FREE

As the euphoria around the “success” of the COP21 climate talks subsides, and reality bites, the insurance industry can start to take stock of what it all means for them.

Garry Booth Comment: States in denial over climate risks

Worsening weather related disasters have raised climate change on the US agenda, writes Garry Booth

Editor’s comment: Icahn threat to oust AIG boss

Investor activism has caught up with insurance sector conservatism, writes David Benyon.

Editor's comment: China: crisis, disaster, ambition, expansion

Whatever does happen next in the sector, it’s a safe bet that the arc of China’s story will figure increasingly prominently on the global re/insurance stage.

Garry Booth comment: What’s hiding in Tianjin’s tail?

There’s a growing sense of unease around the wider loss implications of the explosions in the Chinese port of Tianjin.

Interviews

Marsh, GC and JLT's LatAm Fac business united

The consolidated business will be called Carpenter Marsh Fac Re.

Mount Agnung losses expected to be low so far

A major eruption of Mount Agnung in Indonesia could cause more than $70bn in economic losses, but insured losses are expected to be low.

Africa in focus

Africa Re’s group managing director and CEO, Corneille Karekezi, gives his perspective on the outlook for the continent’s reinsurance markets.

Willis Re’s John Cavanagh: Time to buy more reinsurance

Willis Re’s chief executive John Cavanagh remains optimistic at his company’s future growth prospects even though market conditions are tough.

Micro insurance consortium: Aspen’s Mario Vitale interview

Developing products that actually meet the needs of those in emerging economies, as well as creating reliable and user-friendly ways of both paying premium and collecting claims, will all determine whether the multi-company multi insurance venture incubator is a success, says Aspen’s Mario Vitale.

Mike Krefta on Hiscox Re's changing strategy

Hiscox Re has scaled back at recent renewals, reducing its concentration on property catastrophe.

Interview: Novae - Off the to-buy list

Novae can start considering acquisitions rather than being acquired since share value has soared above book value, Novae’s CEO tells Reactions.

Kevin O'Donnell's tough act to follow at RenRe

Interview: The top threat to catastrophe reinsurer RenaissanceRe’s new CEO Kevin O'Donnell maintaining his predecessor’s enviable returns is a flood of alternative reinsurance capacity settling for single-digit returns. He is bullish about RenRe's future.

Swiss Re’s Smith: NFIP is “unsustainable”

Interview: The National Flood Insurance Program (NFIP) is unsustainable, says Swiss Re’s Americas CEO Eric Smith. He and others are now suggesting that the private sector needs to take up some of the burden to ensure flood protection remains in the US.

Latest Issue

December/January 2020

Dec Jan Cover  

In this month's Reactions

  • Women's Executive Forum roundtable
  • Emerging risks 2020 report
  • 2019 global catastrophe map
  • D&O market update

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