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Reinsurance

 

 

California authority calls for state-backed wildfire cover

Agency backs stronger measures to extend wildfire cover and more mitigation

United States Climate change

Swiss Re names Revell global head of marine and energy

Revell has more than 30 years of reinsurance experience

People moves Reinsurance

Reinsurers exposed to $150bn in Iran war liabilities

Marine carriers bear more than $45bn in exposure on hull-only policies, while aviation hull liabilities come to about $35bn, says Guy Carpenter

Strait of Hormuz crisis Reinsurance

Reinsurance demand up 10% at April 1: Aon

Reinsurance capital reaches record level of $785bn

Reinsurance Renewals

Reinsurance pricing continues to soften at April 1

Pricing on Japanese cat XL programmes falls by up to 20%, as Middle East conflict had little impact on renewals, Howden Re reports

International Japan

AM Best keeps stable outlook on London market

London market should see profits in 2026 despite softening in some lines

Strait of Hormuz crisis Property

Mission Underwriters launches Latin America platform

Miami-based operation will develop specialised facultative reinsurance programmes, initially targeting property, financial lines and specialty segments

South America Distribution

Data centre risks could strain insurer capacity, Swiss Re warns

Re/insurers can only support 'a fraction' of limit required for hypsercaler build costs 

United States Property

Axis confirms Kirk as chief financial officer

Former Enstar executive Matthew Kirk succeeds Peter Vogt

Bermuda Axis Capital

Hong Kong capital reforms ‘credit positive’

Hong Kong proposes easing of capital rules for natural catastrophe writers and branches of foreign reinsurers

Property Reinsurance

Everest hires Busti to lead NA treaty reinsurance

Axis Re executive Jason Busti joins Bermuda-based group

Everest Re People moves

Niyam secures Lloyd’s approval for Syndicate 2047

Syndicate will begin underwriting on 1 April to support India’s insurance market

Lloyds Reinsurance
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