Intelligent Insurer’s Post

Client news! #Parametric insurer Descartes Underwriting has opened an office in Mexico to serve Latin America. They've appointed local reinsurance veteran Francisco J Herrera Escalante to run the office. #insurTech #insurance #reinsurance #insurancecommunications #insurancePR #parametric #parametricinsurance

After another year of more than $100 billion of insurance and reinsurance industry losses from natural catastrophes in 2023, and with no major influx of fresh capital, the hard market environment is expected to persist, according to Munich Re’s CEO Joachim Wenning.

Moray & Agnew has again contributed to the Chambers and Partners ‘Insurance & Reinsurance’ Global Practice Guide for 2024. In our chapter Michael Polorotoff, Catherine McAdam, Emily Daffy, Jeremy Peck and Daniel Coloe review trends and developments in the Australian insurance and reinsurance industry over the past year and offer valuable insights into the state of the Insurance market. Read our chapter below. #morayagnew #insurancelaw

Re/insurers can absorb nat cat losses – Aon  Re/insurers well placed to absorb Helene & Milton losses of up to $54bn: Aon - @Reinsurance News   “Healthy” and “well-capitalized” insurance and reinsurance markets are positioned to absorb industry losses of between $34 billion and $54 billion from hurricanes Helene and Milton, Aon believes.  While losses from the hurricanes will have a bigger impact on smaller carriers, the large players should easily be absorbed and losses are less than first feared, writes Reinsurance News. #Insurance #Reinsurance #Insurtech #NATCAT #ExposureManagement   

'Market has a new equilibrium’, says VIG Re’s CEO and Chairman of the Board, Johannes Martin Hartmann, to Intelligent Insurer in Monte-Carlo. Proud to share that our CEO, Johannes Martin Hartmann, was interviewed about VIG Re’s strong first-half performance. Despite global weather challenges, our company delivered exceptional results. Johannes Martin Hartmann highlighted positive market trends and the industry's focus on rebuilding trust. Key points: ·        The insurance industry is failing to close the protection gap ·        Reinsurance still struggles to re-establish trust with investors ·        There will be an orderly renewal, with sufficient capacity for proper risks    Read the full interview: https://lnkd.in/eK_etUWZ #reinsurance #insurance #VIGRe #performance #industryinsights #marketoutlook #proudtobevigre Proud member of the @Vienna Insurance Group. 

Ride the storms of uncertainty with confidence! 🌊 Embrace serenity and secure your future with the unstoppable power of reinsurance. Turning challenges into opportunities, wave by wave. #crire #reinsurance #insurance #uncertainty #riskmanagement

Local insurers have close to Zero Commercial/Corporate capacity to offer on any non-standard Thatch construction. We can solve their capacity requirements with our Reinsurance solutions. #thatchcover #yardinsurance #reinsurance #insurance #industryleaders

Weathering the Reinsurance Reset in the Midwest https://buff.ly/4acpjX5 #insurance #reinsurance

Interested in understating the rating agency perspective on reinsurance? Join KBRA’s Jonathan Harris, CFA, FRM, CPCU, ARM for the Rating Agency Insights on the Current Reinsurance Marketplace panel on September 24 at the National Association of Mutual Insurance Companies (NAMIC) Annual Convention in Denver to learn more about the implications for the industry as insurers take on additional risk. Learn more here: https://lnkd.in/eP_HVfw | #insurance #ratingagencies #fianancialindustry

Chris Donelan, CEO, Global Reinsurance, Sompo gives us an important overview of the global and US reinsurance industry, and Sompo’s strategies for growth. Wyn Jenkins, Managing Editor, Intelligent Insurer, moderates this keynote session #ReinsuranceOutlookUSA #reinsuranceusa #insurance #reinsurance