No comment from Aon on collateral issues, but LOCs seen as important
Executives from broking giant Aon would not be drawn to comment on the market issues around potentially invalid collateral, but,.. Read More
Personal Insurance
Demand shift to cat bonds a positive for RenRe. Medici hits $1.7bn: CEO O'Donnell
The acceleration of activity in the catastrophe bond market in 2023, as cedent demand for covers in the upper-layers of,.. Read More
ILS fund index delivers highest first-half return on record: ILS Advisers
Pure catastrophe bond funds as a group were up an impressive 7.17% for the first-half of 2023, narrowly beating the,.. Read More
Aons Randolph Re issues $45m wildfire cat bond, likely for Mercury
Aon’s private catastrophe bond platform Randolph Re has completed a new issuance of $45 million of private cat bond,.. Read More
Corinthian operating under assumption all Vesttoo-sourced LOCs are fraudulent
Specialty non-catastrophe focused collateralized P&C reinsurance firm Corinthian Group said that in addressing issues related to reinsurance collateral sources via,.. Read More
Clear Blue: Over 50% of Vesttoo-linked reinsurance already replaced
Fronting specialist Clear Blue Insurance Insurance Group has already managed to replace over half of the coverage needed for reinsurance,.. Read More
Universal encouraged by Florida claims & litigation environment after reforms: CEO
Universal Insurance Holdings, the Florida headquartered primary insurance carrier, believes that there are now signs of an improved claims and,.. Read More
Everest can lean in if opportunities emerge from Vesttoo collateral issue: Williamson
Speaking today, Everest COO and Head of Reinsurance Jim Williamson said the company has the flexibility to lean in to,.. Read More
Munich Re puts H1 insured cat losses at $43bn, well below broker estimates
Global reinsurance giant Munich Re has issued a preliminary estimate of $43 billion for first-half 2023 natural disaster insured losses,.. Read More
AIG to make Schaper Global CUO when Validus Re sale completes
Insurance giant AIG has announced that Christopher Schaper will be named the firm’s Global Chief Underwriting Officer, effective when the,.. Read More
Vesttoo issue shows importance of sound counterparty risk practices: DBRS
Rating agency DBRS Morningstar says that the credit implications of the Vesttoo linked collateral issues should remain manageable for most,.. Read More
Moving House Checklist: When To Do What
Have a move on the horizon? You’re undoubtedly feeling a mix of excitement and stress. But with the help of,.. Read More
