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  1. Traditional reinsurance still the backbone despite alternative capital influx: Munich Re’s Blunck

    Traditional reinsurance capital remains the driving force and foundational backbone of the global risk market. While the use…
    #Germany #DE #Europe #EU #Europa #MunichRe #Alternativereinsurancecapital #capitalmarkets #Insurancelinkedsecurities #MunichReinsurance #reinsurance
    europesays.com/germany/109677/

  2. Japan: Pacific Life Re completes structured reinsurance deal

    Pacific Life Re, has announced the completion of a structured reinsurance transaction for one of Japan’s leading life…
    #EuropeSays #Japan #JP #Nihon #reinsurance
    europesays.com/japan/106110/

  3. Manulife Closes Long-Term Care Reinsurance Transaction with Munich Re

    TORONTO, Oct. 2, 2026 /PRNewswire/ — Manulife Financial Corporation (“Manulife” or the “Company”) announced today that it has…
    #Germany #DE #Europe #EU #Europa #MunichRe #Care #Closes #long-term #Manulife #Munich #MunichReinsurance #Re #reinsurance #transaction #with
    europesays.com/germany/107793/

  4. Cyber re/insurance market hits new high as AI risks reshape coverage – Munich Re

    Survey reveals where re/insurers see the biggest growth possibilities Global businesses are treating cyber resilience as a strategic…
    #Germany #DE #Europe #EU #Europa #MunichRe #Cyber #MunichReinsurance #reinsurance
    europesays.com/germany/107666/

  5. Awbury expands into Japanese market – The Royal Gazette

    Created: Oct 08, 2026 08:00 AM Expansion: Japan is a new market for Awbury Bermudian-based specialty insurer Awbury…
    #EuropeSays #Japan #JP #Business #BusinessofJapan #insurance #Japan'sbusiness #Japanesebusiness #reinsurance
    europesays.com/japan/103800/

  6. Awbury expands into Japanese market – The Royal Gazette

    Created: Oct 07, 2026 02:26 PM (Updated: Oct 07, 2026 02:26 PM) Expansion: Japan is a new market…
    #EuropeSays #Japan #JP #Business #BusinessofJapan #insurance #Japan'sbusiness #Japanesebusiness #reinsurance
    europesays.com/japan/103412/

  7. Prismic expands Japanese business with $5bn deal – The Royal Gazette

    Created: Oct 05, 2026 11:09 AM (Updated: Oct 05, 2026 11:09 AM) Nandini Mongia, CEO of Prismic Life…
    #EuropeSays #Japan #JP #Business #BusinessofJapan #Japan'sbusiness #Japanesebusiness #Longterminsurance #reinsurance
    europesays.com/japan/101982/

  8. Alpha Growth opens Tokyo office – The Royal Gazette

    Created: Oct 01, 2026 07:55 AM Gobind Sahney, director and chief executive, Alpha Growth (File photograph) A Bermudian-based…
    #EuropeSays #Japan #JP #Tokyo #BermudaInternationalLongTermInsurersandReinsurers #Longterminsurance #reinsurance
    europesays.com/japan/99919/

  9. Generali’s aggregate reinsurance in focus as European cats and weather bite in 2026

    Analysts at investment bank Jefferies have brought insurer Generali’s aggregate reinsurance protection into focus, saying that losses from…
    #Europe #EU #aggregate #catastrophelosses #European #reinsurance
    europesays.com/europe/150076/

  10. Abir report urges EU to apply equivalence consistently – The Royal Gazette

    Created: Sep 30, 2026 04:33 PM (Updated: Sep 30, 2026 07:04 PM) David Burt, the Premier and Minister…
    #Economy #AssociationofBermudainsurersandReinsurers #EconomyofEU #EconomyoftheEU #EUeconomy #Europe #Insurance #reinsurance #SolvencyII
    europesays.com/3282265/

  11. You know the saying - follow the money!

    Data centers are expensive and insurers are facing challenges of securing enough capital to cover the high-value risk for these massive, super-expensive buildings and it is creating bottlenecks.

    On top of power hardware shortages, angry neighbors, permitting delays, data center developers also have to deal with... Estimates have 79% of all data centers globally are exposed to acute risk from severe, climate-induced weather events, including flooding, extreme winds and wildfires, extreme heat and drought.

    “Most underwriting for real assets still uses historical data, but the climate is no longer behaving the way the historical record would predict” so insurers maybe relying on outdated models that do not adequately provide a complete view of today's risk. cnbc.com/2026/06/18/data-cente #AI #DataCenters #DataCenterBoom #Risk #Insurance #ReInsurance #UnderWriting #Climate #ClimateChange #ClimateImpacts #Weather #Permitting

  12. Summer storms across the Canadian Prairies caused over $1.8bn in insured losses: CatIQ

    Ten extreme weather events impacted the Canadian Prairies this summer, causing widespread damage and over $1.8 billion in…
    #Canada #catastrophelosses #Insurance #insuredcatastrophelosses #InsuredLosses #reinsurance
    europesays.com/canada/223409/

  13. Aon Announces New Reinsurance Leadership, Governance Structure in Germany

    Insurance broker Aon plc announced a new leadership and governance structure for its Reinsurance Solutions business in Germany,…
    #Germany #DE #Europe #EU #Europa #Aon #People #PhillipEsser #reinsurance #VolkerWahl
    europesays.com/germany/97318/

  14. Munich Re Q1 net profit jumps 57% on lighter major-loss burden

    A year after wildfires bruised results, the reinsurer is back on the front foot Munich Re‘s first-quarter results…
    #Germany #DE #Europe #EU #Europa #MunichRe #MunichReinsurance #reinsurance #Results
    europesays.com/germany/92948/

  15. Munich Re names Gavin Maistry to lead life, health APAC MEA

    A 19-year veteran steps aside as the German reinsurer hands the reins to a long-serving insider Munich Re…
    #Germany #DE #Europe #EU #Europa #MunichRe #Lifeandhealth #MunichReinsurance #reinsurance
    europesays.com/germany/92899/

  16. Munich Re’s Q2 profit of €2.2bn puts full-year target firmly within reach

    Munich Re has reported a preliminary net profit of approximately €2.2 billion for the second quarter of 2026,…
    #Germany #DE #Europe #EU #Europa #MunichRe #financialresults #MunichReinsurance #reinsurance
    europesays.com/germany/92843/

  17. Risks becoming more global and volatile, value of reinsurance never more evident: Munich Re

    Munich Re, one of the world’s largest reinsurance companies, has underscored that the value of reinsurance has never…
    #Germany #DE #Europe #EU #Europa #MunichRe #MonteCarloRendezvous #MunichReinsurance #reinsurance
    europesays.com/germany/88460/

  18. Global: Rising volatility has increased the value of reinsurance

    As risks are becoming more global and volatile, the value of reinsurance has never been more evident than…
    #Germany #DE #Europe #EU #Europa #MunichRe #claims #financialperformance #global #MunichReinsurance #reinsurance
    europesays.com/germany/86861/

  19. Record secondary peril losses are ‘new normal’

    Munich Re has warned that losses from so-called non-peak natural catastrophes have surpassed US$100bn for the first time,…
    #Germany #DE #Europe #EU #Europa #MunichRe #MunichReinsurance #natcat #reinsurance #scs #storms #Wildfires
    europesays.com/germany/86411/

  20. Munich Re execs caution on casualty sidecar commutation challenge, risky asset strategies

    In Monte Carlo today at the Rendez-vous event, senior executive…
    #Germany #DE #Europe #EU #Europa #MunichRe #Alternativereinsurancecapital #CasualtyILS #Casualtyinsurance-linkedsecurities #casualtysidecar #Insurance-linkedinvestments #Liability #MonteCarloRendezvous #MunichReinsurance #reinsurance #Reinsurancelinkedinvestment #sidecar #Third-partyreinsurancecapital
    europesays.com/germany/86009/

  21. Samsung insurers may acquire Canopius – The Royal Gazette

    Created: Sep 04, 2026 04:00 PM (Updated: Sep 04, 2026 04:01 PM) Canopius could be set for new…
    #EuropeSays #Korea #KR #Samsung #acquisitionandtakeover #Canopius #Merger #reinsurance #SamsungGroup
    europesays.com/korea/143709/

  22. Late August western Europe SCS and hail to drive ~EUR 2.5bn insured loss: Gallagher Re

    Reinsurance broker Gallagher Re has estimated that a late August severe convective storm (SCS) and large hail outbreak…
    #Europe #EU #catastrophelosses #convective #hail #hailstorm #Insurance #reinsurance #severethunderstorm
    europesays.com/europe/130505/

  23. European convective storms in July estimated an almost EUR 2.2bn industry loss: PERILS

    A wave of severe convective storms that swept across Germany, France, Switzerland, and Italy in Europe between 13th…
    #Europe #EU #catastrophelosses #European #industryloss #Insurance #lossestimate #reinsurance
    europesays.com/europe/126935/

  24. I'm interested in hearing from people working across claims, underwriting, delegated authority, reinsurance and insurance operations.

    One question:

    When an old decision is challenged in your organisation, where does the reconstruction actually happen?

    Core system?

    Documents?

    Email?

    People's memories?

    Multiple systems?

    I'm particularly interested in the messy reality rather than the theoretical process.

    #Insurance #Claims #Underwriting #Reinsurance

  25. Fermat hires Nicholas Tan in Singapore. APAC expansion continues, including Japan office launch

    Fermat Capital Management, the specialist catastrophe bond and insurance-linked securities (ILS) investment manager, continues to expand its investor…
    #EuropeSays #Japan #JP #Catbond #Catastrophebond #FermatCapital #ILSfunds #ILSmanager #Insurancelinkedsecurities #Nihon #Peoplemoves #reinsurance
    europesays.com/japan/76811/

  26. Japan: Munich Re Specialty launches parametric earthquake insurance for corporate clients

    Munich Re Specialty has launched a parametric earthquake insurance product for corporate clients in Japan, that supports recovery and business continuity even when no physical damage occurs. The product launched through the Lloyd’s Japa…
    #Japan #JP #JapanNews #NatCAT #news #Reinsurance
    alojapan.com/1520128/japan-mun

  27. alojapan.com/1520128/japan-mun Japan: Munich Re Specialty launches parametric earthquake insurance for corporate clients #Japan #JapanNews #NatCAT #news #Reinsurance Munich Re Specialty has launched a parametric earthquake insurance product for corporate clients in Japan, that supports recovery and business continuity even when no physical damage occurs. The product launched through the Lloyd’s Japan platform will provide businesses with access to liquidity after an earthq

  28. Majesco points to accelerating AI adoption reshaping insurance operating models Majesco, a provider of AI-native and cloud-native software solutions for the insurance industry, has released a new t...

    #News #Agentic #Artificial #intelligence #in #insurance #and #reinsurance #news #data #Insurance

    Origin | Interest | Match
  29. AXA XL to enhance cyber risk prevention with Deloitte partnership AXA XL, the property, casualty and specialty risk division of French insurer AXA, has partnered with Deloitte, one of the world’s...

    #News #AXA #XL #Cyber #insurance #& #reinsurance #news #cyber #risks #Deloitte

    Origin | Interest | Match
  30. AI and tech investment to drive next phase of growth for insurance brokers, says Moody’s Ratings Artificial intelligence (AI) and technology investment are expected to become increasingly importa...

    #News #analytics #Artificial #intelligence #in #insurance #and #reinsurance #news #commercial #insurance

    Origin | Interest | Match
  31. Liberty Mutual launches carrier-backed conversational AI auto insurance quoting app in ChatGPT Liberty Mutual Insurance has launched a “first-of-its-kind” carrier-backed conversational AI auto ...

    #News #Artificial #intelligence #in #insurance #and #reinsurance #news #Liberty #Mutual #Liberty

    Origin | Interest | Match
  32. CrowdStrike expands Project QuiltWorks with major insurance partners to address frontier AI financial risk CrowdStrike, a cybersecurity company, has announced an expanded phase of its Project Quilt...

    #News #Artificial #intelligence #in #insurance #and #reinsurance #news #CrowdStrike #cyber #security

    Origin | Interest | Match
  33. CyberCube and UIB identify Asia as a major growth market for cyber insurance CyberCube, a provider of cyber risk analytics for the insurance industry, and United Insurance Brokers (UIB), the intern...

    #News #analytics #APAC #Asia #Pacific #reinsurance #news #cyber #insurance #Cyber #risk

    Origin | Interest | Match
  34. AM Best survey finds rapid AI uptake in insurance sector despite structural barriers AM Best, a global credit rating agency specialising in the insurance sector, has surveyed carriers and managing ...

    #News #AM #Best #Artificial #intelligence #in #insurance #and #reinsurance #news #Insurance

    Origin | Interest | Match
  35. #usa #israel #iran : #warofaggression / #merchantshipping / #reinsurance

    „The US is doubling, to US$40 billion, its commitment to provide reinsurance guarantees to ships willing to travel through the #StraitofHormuz with the addition of new insurance partners, including AIG and Berkshire Hathaway.“

    businesstimes.com.sg/companies

  36. “What is really amazing, and frustrating, is mankind’s habit of refusing to see the obvious and inevitable until it is there, and then muttering about unforeseen catastrophes”*…

    Rubble left in the aftermath of Hurricane Michael is pictured in Mexico Beach, Florida, U.S. October 11, 2018. REUTERS/Jonathan Bachman (source)

    One of the effectively-secret ingredients in the world’s economic growth over the last couple of centuries has been insurance. The ability to insure against catastrophic loss has underwritten (pun intended) the trillions and trillions of dollars of loans that have funded the construction and acquisition that has enabled the growth of both commercial endeavor and the the accumulation of personal wealth (directly through home ownership and indirectly through equity ownership in those commercial endeavors or participation in pension schemes that own that equity).

    But in a way that was enitrely predictable, climate change is rendering a growing portion of the world uninsurable. Gavin Evans ponders what that might mean…

    The Florida peninsula looks like a sore thumb. It juts into the Gulf of Mexico and the Atlantic, where the water is getting warmer year on year, prompting fiercer hurricanes that can blow down houses like collapsing decks of cards. Climate scientists are convinced all hell will break loose sooner or later when a monster-sized, property-destroying storm makes a direct hit on Miami or Tampa-St Petersburg. Given three near-misses in the recent past, the experts view such a calamity as inevitable. It’s a huge risk for anyone living there – they stand to lose everything – but also for those bearing the financial side of this risk, the insurance companies. Some in the industry are seeing this as a portent for their future – an impending existential threat with profound implications for the economic system.

    There are no easy solutions for people still paying off mortgages and those who want to buy property along the Florida coast, because the potential payout on the back of a mammoth storm is so high that the reinsurers (who insure the insurers against catastrophe) are refusing to underwrite their clients and, with no reinsurance, there’s no insurance; and with no insurance, no mortgages; and with no mortgages, no property market. Insurance protects investments against loss and is therefore a pillar of the economic system. If it goes, economies are destabilised.

    Many panicked homeowners have rushed to make their houses less risky for insurance companies by reinforcing their roofs with hurricane clips, installing impact-resistant windows, doors and shutters, and strengthening their foundations. But it’s not just storms and higher, warmer seas that concern insurers. Rising temperatures mean that the frequency, range and ferocity of wildfires are also on the rise.

    So far this year, 3,374 wildfires have burned an area of Florida totalling 231,172 acres (at the time of writing), and it is even worse in California where 7,855 blazes have killed at least 31 people, destroyed more than 17,000 houses and devoured 525,208 acres of land, at an estimated cost of more than $250 billion. Here, too, homeowners rushed to make their properties more palatable to cold-footed insurers – clearing their surroundings of anything flammable, covering yards with gravel, sheathing houses with fire-resistant stucco, and replacing wooden roofs with steel.

    But, even for the most diligent, insurance companies have turned tail, dumping existing clients and abandoning fire-prone and storm-prone areas altogether. On the Californian fire front, 2024 was a turning point as several insurers ceased issuing new policies because of fire-associated risks, including the United States’ biggest property insurer, State Farm, which cancelled policies in parts of Los Angeles. It is all too easy to view this cynically, but it’s happening because property insurers have been reporting year-on-year losses from climate change-related payouts.

    Insurance companies survive by making more money from covering risk than they lose from these risks, which is why they prefer clients less likely to claim (insofar as they can predict the risk involved) and require them to pay substantial excess to discourage claims. When payouts rise above the premium intake, insurance companies either hike up these premiums or withdraw. But when that risk is considered catastrophic, potentially affecting many thousands of clients, as with Floridian storms and Californian fires, it is the reinsurers who are the first to retreat because they will ultimately bear most of the cost.

    Reinsurers aggregate payout patterns to establish the likelihood of having to make huge payouts from future natural catastrophes. They do this by gathering exposure data from existing insurers in a geographical area, and by examining catastrophe models (computer simulations that estimate potential losses from natural perils). When they put all this together with detailed analysis of conditions within the area, they come up with a figure for their total potential loss if a catastrophic event strikes.

    This is why reinsurers focus so intensely on climate change. Take a glance at the websites of big ones like Swiss Re and Munich Re and you get a sense of how central this is to their calculations – a concern that has spread to property insurers who are starting to hire climate consultants. Even more than market volatility, climate is their biggest headache. ‘You won’t meet a single insurance or reinsurance CEO who doesn’t believe in climate change,’ the insurance investor and former Lombard Insurance CEO James Orford told me. ‘They see it in the numbers – a combination of more extreme, less predictable events, combined with big losses of sums insured. All the modelling suggests these are uninsurable risks.’…

    [Evans recaps the history of insurance, starting in Genoa, in the mid-14th century, with the insuring of maritime expeditions; examines the current state of play; examines the efforts (and gauges the weaknesses) of state’s efforts to step up with coverage when insurers step away; then considers another role for states…]

    If states do withdraw from insurance and reinsurance, some of the most lucrative areas of the US, Canada, Europe, Asia, Africa and Australia will be devastated: no mortgages and no banks, leading to more ghost towns and villages. ‘It ends with depopulation and abandonment,’ said Agarwala. ‘Climate change reduces the operating space for humanity.’ In the UK, rising sea levels and coastal erosion could literally reduce operating space, putting 200,000 British homes at risk by 2050. There’s no coastal-erosion insurance, which puts more burden on the state, mainly to pay for new defences, but also to help people move.

    Governments can take action in other ways, by investing greater sums in risk-prevention and management. There are signs of this happening such as the ‘fire-hardening’ and storm-prevention efforts in Florida, and improved flood defences in the UK; meanwhile, the EU’s Recovery and Resilience Facility is being used in several countries to build and renovate operations centres to cope with wildfires, and to buy firefighting helicopters.

    In future, it is likely that voters will demand that their state and national governments do far more, regardless of the cost. They will want tougher building codes, including limitations on building in risky areas; expensive fire-prevention and fire-fighting schemes; better flood and storm defences; improved early catastrophe management, involving relocating people from risky areas and, when disaster strikes, rapid life-saving interventions such as large-scale emergency evacuations. If the insurance industry is forced to retreat by the climate crisis, all of this infrastructural investment will require vast chunks of taxpayers’ money. It is hard to avoid the feeling that this is part of our destiny, and that the sore thumb of the Florida peninsula is pointing us to the future…

    Whole regions of the world are now uninsurable, bringing radical uncertainty to the economy: “The insurance catastrophe,” from @aeon.co.

    See also: “An Uninsurable Country” (a report form NRDC), “The Insurance Crisis Is So Desperate People Are Turning Socialist” (a gift article from Bloomberg), and “The Uninsurable Future: The Climate Threat to Property Insurance, and How to Stop It” (from Yale Law Review)

    * Isaac Asimov

    ###

    As we cover up, we might send highly-charged birthday greetings to a man who made foundational contributions both to the detection of climatic conditions and to a technology that may help allieviate climate change: John Frederic Daniell was born on this date in 1790. Named the first professor of chemistry at the newly founded King’s College London in 1831, he was an avid meteorologist. He invented the dew-point hygrometer known by his name and a register pyrometer; in 1830 he erected a water-barometer in the hall of the Royal Society. 

    But Daniell is better remembered as a chemist (and physicist), especially for his invention of the Daniell cell, an element of an electric battery much better than voltaic cells, the standard before him. Indeed, the Daniell cell is the historical basis for the contemporary definition of the volt (the unit of electromotive force in the International System of Units). All advances in battery technology since then were “from” the base that Daniell laid.

    source

    #chemistry #climate #climateChange #culture #DaniellCell #disasters #economics #finance #flooding #history #insurance #investment #JohnDaniell #JohnFredericDaniell #meteorology #Physics #reinsurance #Science #Technology #volt #weather #wildFires
  37. CW: Artificial text - On few occasion it's also funny. Meow

    Introducing Re-Reinsure! We reinsure other reinsurers' reinsurance policies - because why not? It’s like inception for risk mitigation! 🤯 #idiotsbusiness #reinsurance #riskmanagement
    #BusinessIdea #Business #Ai #Llm #LlaMA2

  38. Apollo Names Japan Ex-GPIF CIO as Asia-Pacific Head for Growth

    Apollo Global Management recruited Eiji Ueda, former chief investment officer of one of the world’s largest pensions, to lead its expanding Asia-Pacific bus…
    #Japan #JP #JapanNews #collectiveinvestmentschemes #commerciallending #creditmarkets #depreciation #investmentadvisers #news #non-U.S.pensionplans #Reinsurance #sovereignwealthfunds
    alojapan.com/1393134/apollo-na

  39. alojapan.com/1393134/apollo-na Apollo Names Japan Ex-GPIF CIO as Asia-Pacific Head for Growth #CollectiveInvestmentSchemes #CommercialLending #CreditMarkets #depreciation #InvestmentAdvisers #Japan #JapanNews #news #NonU.S.PensionPlans #Reinsurance #SovereignWealthFunds Apollo Global Management recruited Eiji Ueda, former chief investment officer of one of the world’s largest pensions, to lead its expanding Asia-Pacific business, the $840 billion alternatives giant said. T

  40. Japanese insurers turn to Bermuda – The Royal Gazette

    Created: Aug 29, 2025 07:58 AM Japan is implementing a new capital framework based on the International Capital Standard and grapples with low interest rates and an ageing population (Photograph by Shuji Kajiyama/AP) Japanese life insurers are increasingly setting up reinsurance structures in Bermuda as…
    #Japan #JP #JapanNews #JapanTopics #news #Reinsurance
    alojapan.com/1358077/japanese-

  41. alojapan.com/1358077/japanese- Japanese insurers turn to Bermuda – The Royal Gazette #Japan #JapanNews #JapanTopics #news #Reinsurance Created: Aug 29, 2025 07:58 AM Japan is implementing a new capital framework based on the International Capital Standard and grapples with low interest rates and an ageing population (Photograph by Shuji Kajiyama/AP) Japanese life insurers are increasingly setting up reinsurance structures in Bermuda as they seek different and better

  42. PERILS expands industry loss forecast tool Jeannie to cover Japan typhoon events

    Catastrophe data aggregator PERILS AG has expanded its real-time industry loss forecasting software tool, known as Wind-Jeannie, to cover typhoon events in…
    #Japan #JP #JapanNews #industrylossindex #insurance #insuredloss #insuredlosses #JapanTopics #modelledloss #news #PerilsAG #Reinsurance #riskmodel
    alojapan.com/1356705/perils-ex

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