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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....
...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...
...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...
...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....
...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 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...
...have ties to national security, according to the companies....
...It did not spell out how much would be absorbed by Japan’s earthquake reinsurance programme....
...The jump comes just as the masters of the universe are labouring to return cash to limited partners amid an IPO and M&A slump....
...limited liability partnership....
...Signs of stress in the commercial real estate sector are now coming thick and fast....
...risks from their exposure to US real estate....
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