Author: Jakki Green
Strong reinsurer appetite drives excess property catastrophe capacity, says Guy Carpenter
Non-loss-impacted property catastrophe renewals saw notable risk-adjusted reinsurance rate reductions of 5% to 15% on January 1. However, there was a [...]
Insurers turn to facultative reinsurance as a strategic tool, suggests WTW
Facultative reinsurance is increasingly seen as a core element of risk management strategies; however, insurers may face significant barriers accessin [...]
Moody’s confident on property and casualty
Moody’s has changed its outlook for the global property & casualty (P&C) insurance sector to stable from negative.
The change reflects its [...]
ASR subsidiaries sign binding authorities with Eureka Re
Africa Specialty Risks (ASR) Mauritius and ASR Middle East have agreed binding authority agreements with Eureka Re, the multinational reinsurer. Eurek [...]
ASR begins operation in Dubai to serve Middle East and Africa
Reinsurance group Africa Specialty Risks (ASR) has launched operations for ASR Middle East as a Lloyd’s service company, allowing it to underwrite bus [...]
Commercial insurers struggling to find profitable growth, warns McKinsey
Profitable growth is increasingly hard to find, according to McKinsey. Commercial property and casualty insurers need to be deliberate about where and [...]
Personal lines relevance still below pre-pandemic levels, warns McKinsey
While personal lines property and casualty insurance premiums grew by 9.5 percent in 2022-23 to US$1.1-trillion—outpacing nominal global GDP by half a [...]
Climate activists concerned COP29 going in wrong direction
The Africa Make Big Polluters Pay (MBPP) partners express deep concern regarding ongoing discussions surrounding Article 6 of the Paris Agreement, par [...]
IAIS approves new capital standard for internationally active insurers
The International Association of Insurance Supervisors (IAIS) Executive Committee has approved the final version of the Insurance Capital Standard (IC [...]
Oil giant Shell wins appeal, after earlier ruling insists it cuts carbon emissions by 45%
Oil giant Shell has won a landmark case in the Dutch courts, overturning an earlier ruling requiring it to cut its carbon emissions by 45%.
Last ye [...]