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Renewals

Lloyd's, London, Regulation, Regulation, Renewals, Results

Ward spells out evolution of market under Darwin

Lloyd’s CEO Richard Ward has said the market has to realise that its antiquated legacy systems are in need of radical change if it is to prosper.

Aviation, Brokers, MENA, Renewals, Risk Management

Underwriters must do more to fill spaces in satellite coverage

Delegates at the World Space Risk Forum in Dubai were told the re/insurance market could be doing a lot more to meet the needs of the world’s satellite operators.

Broking, Claims, Europe, Renewals, Results

Fragmented renewals highlight new approach from underwriters

Guy Carpenter has said the 1/1 renewals saw a shift in industry behaviour as both insurers and reinsurers implemented more sophisticated, customised approaches to risk assessment and mitigation.

Europe, Rates, Regulation, Renewals, Results

Capital needs to drive insurers demands

At the Guy Carpenter Reinsurance Symposium on , 25 October 2009, Victor Peignet, CEO of SCOR Global P&C presented SCOR’s analysis of the reinsurance market and the outlook for the upcoming 2010 renewals. 

Bermuda, Financial Institutions, Rates, Renewals

CEO says positive renewals for new look PartnerRe group

PartnerRe President & Chief Executive Officer Patrick Thiele has said the group is pleased with its performance during the January 1 renewals, the first since the acquisition of Paris Re.

Energy, Losses, North America, Rates, Renewals

Gulf of Mexico remains a reluctant risk for reinsurers.

The marine and energy market in the Gulf of Mexico have been told the availability of reinsurance capacity will continue to come under pressure as the losses continues to mount.

Broking, Claims, North America, Rates, Renewals

Rates under pressure at January 1 renewal says broker

The global reinsurance market has been hit by a triple whammy which has seen rates come under pressure for the key 1 January renewals according to broker Guy Carpenter & Company.

Europe, Ratings, Regulation, Renewals, Solvency II

Capital fears still blight reinsurers’ outlook say Fitch

As reinsurers head for Monte Carlo rating firm Fitch says the sector’s underwriters are still viewed on a negative outlook amid fears over the impact of a major catastrophe. 

Europe, Financial Institutions, Rates, Renewals

FI sector is back in fashion for year ahead

Increasing numbers of underwriters are looking at the Financial Institutions market for the year ahead sparking fears that the rates will start to fall as 2010 progresses.

Having been hit hard by the financial collapse in 2008 and last year market analysts and brokers say there in now a renewed interest in the sector and the  they believe there is now a real possibility that additional new capacity will enter the market.

Broking, London, Market Reform, Renewals

Big three broker pledge exchange support

When he addressed the Insurance Institute of London in September Lloyd’s CEO Richard Ward said brokers would drive process reform in the market adding he was hunting down the final one of the “big three” to come on board for the market’s Exchange.

Bermuda, Claims, Energy, Rates, Renewals

Bermudans announce new energy operations

The energy market has two new entrants after Bermudan underwriting groups Ironshore and Torus announced new units which will deliver new capacity into the onshore and casualty energy markets.

Aviation, Brokers, London, Rates, Renewals

Underwriters and airlines on course to clash at renewal says report

With the major airlines set to renew their insurance programmes in the final quarter of the year one broker has predicted that the underwriters and airlines are set to clash over their differing approach to rates.

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