Insurance
Covid-19 non-life industry loss $100bn+, say 40% of survey respondents
The non-life insurance and reinsurance industry is deemed most likely to face between $80 billion and $100 billion of underwriting losses due to the Covid-19 coronavirus pandemic, according to the respondents to our latest market survey. Nearly 67% of respondents to our latest market survey said that they believe the non-life industry loss from Covid-19…
Read MoreInsurance Careers Corner: Q&A with Mary Jo Hudson, Squire Patton Boggs
Triple-I’s “Insurance Careers Corner” series was created to highlight trailblazers in the insurance industry and to spread awareness on the career opportunities within the industry. This month Kris Maccini, director, social media, Triple-I, interviewed Mary Jo Hudson, Partner, Squire Patton Boggs who provided insights about her career trajectory, LGBTQ+ support in the workplace, and implications…
Read MoreFlorida Citizens 17% growth in 2020 may drive reinsurance requirements
Florida’s Citizens Property Insurance Corporation is likely to see an increasing need for more risk transfer and reinsurance over the coming year, as it forecasts that its assumption of risk and policies will accelerate, with the state of the Florida insurance market set to drive its portfolio up by 17% over the course of this…
Read MoreCovid uncertainty highlights need for risk transfer transparency: Majors, Nephila
The uncertainty that the Covid-19 pandemic has created for the insurance and reinsurance industry serves to further highlight the need for risk transfer data transparency, all the way down the market chain, according to Nephila Capital Co-CEO Frank Majors Speaking with us in a video interview back in April, which you can view in full…
Read MoreDouble-digit reinsurance price increases may extend into 2021: Fitch
The reinsurance market may enjoy further double-digit price increases at the renewals in early 2021, but with capital now flowing into the sector Fitch Ratings warns that this will inevitably halt the rate momentum. The good news is that reinsurance rates are catching up with the primary market, resulting in a more balanced pricing environment…
Read MoreBest of Artemis, week ending 28th June 2020
Here are the ten most popular news articles, week ending 28th June 2020, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish. Ten most read articles on Artemis.bm,…
Read MoreILS / ILW retro needed for non-affirmative cyber: Johansmeyer, PCS
As re/insurers struggle to find ways to manage their non-affirmative cyber exposures, there’s an opportunity for the insurance-linked securities (ILS) community to support an ILW-based retro market to address the issue, says Tom Johansmeyer, Head of PCS. Non-affirmative cyber risk losses occur when a policy pays out on a cyber cause despite the policy wording…
Read MoreAnnouncing the schedule for our virtual ILS Asia conference
We’re delighted to reveal the schedule for our online & virtual ILS Asia 2020 conference this July. The agenda is almost finalised and we urge you to register soon while spaces last to take advantage of this opportunity to hear from ILS industry experts. Plans for our online & virtual ILS Asia 2020 conference are…
Read MoreThe Insurance Information Institute and The Institutes Announce Plan to Affiliate
The Two Organizations to Unify Their Voices and Modernize Their Capabilities The Insurance Information Institute’s (Triple-I) Board of Directors approved plans this month to have the Triple-I enter into an affiliation with The Institutes, and The Institutes’ Board agreed to the affiliation June 24. The terms will be finalized next month. Peter Miller “With 60…
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