Munich Re expects €1.8bn losses from hurricane Ida & European floods

Global reinsurance giant Munich Re has said that it expects to report around €1.8 billion of catastrophe losses from third-quarter events hurricane Ida and the European flooding caused by windstorm Bernd. These loss picks are perhaps a little higher than some analysts had been expecting for the Q3 events, but this read the full article →

Tremor enhances risk transfer user experience with Marketplace 2.0

Tremor Technologies, the insurtech with a technology-based programmatic insurance and reinsurance risk transfer marketplace, has announced the launch of Marketplace 2.0, a new iteration of its software that has been redesigned with risk transfer users in mind. Tremor said that its team have been hard at work in recent months refreshing read the full article →

Ida triggers Travelers aggregate reinsurance in Q3, makes $95m recovery

US primary insurer Travelers saw its catastrophe losses in the third-quarter of 2021 eat the rest of the way through its aggregate reinsurance treaty layer retention, resulting in a $95 million recovery during the period. Travelers had eroded through almost 80% of the retention for its aggregate catastrophe reinsurance layer by read the full article →

Global Parametrics & Guy Carpenter help NYC research inclusive flood cover

Parametric risk transfer is increasingly seen as a way to carve out segments of an expensive traditional insurance product to make something more inclusive, affordable and importantly responsive available to more people. In New York City, waterside areas of the city with high levels of low to mid-income homeowners are finding read the full article →

Taussig Capital Re aims to bring non-traditional capital to re/insurers

Taussig Capital Re has been launched as a Puerto Rico licensed reinsurance company, with a promise to bring non-traditional sources of capital to insurer and reinsurer clients. Launched by well-known industry executive Joe Taussig, the former CEO of Multi-Strat Holdings and the strategist behind a number of major hedge fund entries read the full article →

Live webcast – Reinsurance: The data driven future

We're hosting another live webcast along with our sister publication Reinsurance News on November 4th, with the discussion set to be focused on the use of technology within the reinsurance industry and the importance of data as a driver of future innovation. This webcast is being held in association with our read the full article →

Munich Re forecasts “prolonged” reinsurance market hardening

This morning global reinsurer Munich Re said that "prolonged" market hardening is expected in reinsurance, with rate rises forecast for the January 2022 renewals and European contracts seen as particularly important, as major losses and inflation indicate more pricing discipline. Doris Höpke, member of the Board of Management said, "Rising prices read the full article →

Hannover Re expects rising catastrophe reinsurance prices in Germany

For the second year running, Hannover Re's German subsidiary E+S Rückversicherung AG has forecast rising reinsurance prices at the renewals, but this year it's down to the significant catastrophe losses suffered. A year ago, Hannover Re's subsidiary said that German reinsurance rates would rise at the January 2021 renewals, but that read the full article →

Aspen hire Chris Coleman from SiriusPoint as Group CFO

Aspen Insurance Holdings Limited, the Bermuda headquartered insurance and reinsurance underwriter, has announced the hiring of Chris Coleman from SiriusPoint as its new Group Chief Executive Officer (CFO), a move that brings additional capital markets expertise to the company's senior bench. Chris Coleman gained specific capital markets reinsurance experience in his read the full article →

Swiss Re CorSo uses IoT seismographs for responsive parametric triggers

Swiss Re Corporate Solutions, the commercial risk focused arm of the global reinsurance firm, has partnered with a provider of compact internet-connected seismographs in Japan, enabling it to use more responsive, in-situ, parametric trigger data sources. One of the problems with parametric earthquake insurance, or risk transfer and reinsurance, has always read the full article →