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...In a typical funded reinsurance deal, the insurer passes on to the reinsurer key risks associated with the pension scheme being taken over, such as asset risk or longevity risk....
...While a couple of hundred of these still hold unlimited liability, new Names typically have limited liability....
...“We don’t believe we fully understand the risks associated with these offshore insurance companies,” said Natalie Winterfrost, a professional trustee and former chair of the investment committee at The Society...
...significant risks to offshore firms....
...and reinsurance recovers....
...She proposed a range of solutions including tightening building rules, creating national and EU-wide schemes to share risks, and drawing more deeply on reinsurance markets....
...But regulators worry about excessive risk taking by newcomers with new business models....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...Lloyd’s benefited as a mixture of the Ukraine war, inflation and climate risks sparked a significant repricing of reinsurance contracts....
...Property casualty reinsurance is not cyclical, so it’s not a bet on a confusing economy; pricing and contract terms in reinsurance in particular are better and tighter now than they have been in years; and...
...High net worth investors who can buy without debt have powered the bulk of recent transactions — although they are generally limited to smaller deals....
...Indeed, in some regulatory regimes around the world, reinsurance is subject to limited regulation — recognising that reinsurance is a risk mitigation technique for professional counterparties, based heavily...
...If triggered, this would mean that the insurer would not from that point have reinsurance coverage for any newly underwritten premises or other asset — such as, for example, a commercial building damaged...
...Lloyd’s of London has delivered its best underwriting performance since 2007 and signalled that commercial insurance prices are likely to stay high in the coming years....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...The reinsurance industry says it cannot currently price the type of localised risk that is pushing up home insurance costs and leading to reduced coverage in states like California....
...A soon-to-be-published IMF survey of national debt management offices in emerging and developing economies shows that such knowledge asymmetries are not limited to commercial banks and domestic borrowers...
...The regulator has limited the number of 737 Maxes Boeing can build per month to 38 and given the company until the end of May to submit a plan to improve quality....
...A significant factor has been a sharp rise in the cost of property catastrophe reinsurance, or insurance for insurance companies....
...In the UK, the Bank of England has proposed limits for so-called funded reinsurance deals....
...Executives stress the need for premiums high enough to reflect increased risk and inflation....
...Ahead of the all-important discussions for policies renewing in January, the senior broker also called on reinsurance companies to take more risk when it came to property catastrophe cover, which pays out...
...While some workers were returning to the office, companies were unlikely to need as much space as before the pandemic, Tobias Adrian, director of the IMF’s monetary and capital markets department, told the...
...Anthropic said it too intended to co-operate with the regulators and “provide them with the complete picture about Amazon’s investment and our commercial collaboration”....
...have ties to national security, according to the companies....
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