India looks to accelerate insurance boom
Regulatory changes, supported by a fast-moving economy, aim to attract new re/insurance companies to India and bring innovative products to......
Month: March 2023
Citizens eyes $4.2bn in new risk transfer for 2023 hurricane season
Florida last resort insurer's board has budgeted $725m to cover the costs of the targeted reinsurance programme Related StoriesZurich follows...
Canopius cuts full-year COR to 93.6%
Global specialty re/insurer reports strong underwriting performance in 2022 in the wake of its transformation programme, but investment results hurt......
Oxbridge Re launches sale of tokenised reinsurance
Cayman Islands-based reinsurer seeks to 'democratise reinsurance' by allowing investors to participate directly on contracts Related StoriesZurich follows Munich Re...
Lloyd's CEO's pay exceeds £2m in 2022
John Neal’s salary and bonuses climbed to £2.09m last year, up from £1.6m in 2021, following the market’s strong underwriting......
Acrisure Re expands London fac team with D’Arcy hire
Broker hires Ed’s Jennifer D’Arcy to lead its facultative reinsurance strategy for North America and marine business Related StoriesZurich follows...
Re/insurers post 12% premium growth in 2022: Gallagher Re
Growth driven by improved pricing in commercial lines and reinsurance business, as well as higher policy retention and organic growth...
Lloyd’s has room to let the attritional loss ratio slip this year – even if it does not want to
The corporation is targeting a sub-95% combined ratio in 2023. The market’s attritional loss ratio will be critical in achieving......
Lloyd’s 2022: Specialty reinsurance profits drop 80%
The corporation says the line’s performance was negatively affected by the war in Ukraine as the accident-year ratio deteriorates 15......
Lloyd’s 2022: Property reinsurance profits soar
Underwriting profits for property reinsurance line increase from £54m to £247m in 2022 despite a heavy catastrophe year Related StoriesZurich...
