Reinsurance
Researchers warn Canadian flood insurance scheme must reduce risk
Federal government wants to launch scheme for subsidies and reinsurance by next year, as policymakers urged to deny rebuilding aid where flood danger is high
Scor profit dips in Q1 as underwriting result falls short
Paris-based reinsurer misses consensus expectations as combined ratio deteriorates to 87.1%
Swiss Re unveils Q1 profit beat and plans iptiQ exit
Reinsurance giants books first-quarter net income of $1.1bn, with P&C Re combined ratio ahead of expectations at 84.7%
Re/insurers indicate manageable Baltimore bridge losses
The Francis Scott Key Bridge incident likely to be the largest marine loss in history, but re/insurers are guiding to losses from the Baltimore bridge collapse being within expectations
Ardonagh Specialty rebrands Inver Re
The international broking group renames its reinsurance businesses Price Forbes Re
Conduit Re premiums up 28% in Q1
Bermuda-based reinsurer says exposure to Baltimore bridge loss is 'within expectations' as it guides to 'low 80s' combined ratio
Citizens authorises outlay of up to $750m for 2024 reinsurance
Florida’s last resort carrier increases budget for this year’s programme
Axa XL names Sawyer head of London casualty reinsurance
Executive will oversee carrier's cyber reinsurance proposition as well as US and international casualty treaty offering
Hamilton names Chin as group chief actuary
Bermuda-based group promotes Chin to senior role
Hannover Re P&C operating profit climbs 35% in Q1
German reinsurance giant trims combined ratio 4.3 points to 88% as Baltimore bridge losses ‘comfortably within budget’
Brazilian re/insurers to avoid flood losses
Southern state of Rio Grande do Sul faces nearly $1.5bn in damages, but local carriers have retained smaller exposures and exited volatile lines of business
HOA Insurance sues China Construction Bank over Vesttoo fraud
Insurer claims bank allowed its employees to conspire with Vesttoo to sell phony reinsurance policies
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