Munich Re’s Jurecka heralds ‘hard market’ for reinsurance The carrier’s top team says price increases are now spilling over into loss-free lines and regions.
Bonneau pledges to make PartnerRe a ‘great’ firm after ‘average’ run The incoming CEO plans growth in retro, cat and property per risk as pricing improves.
Edison slims California fire cover to $870mn amid ‘tight’ market The utility spent 13% more to secure its insurance but cut back third-party cover to $870mn.
Energy liability rates up 30% following exits and claims: Miller The exit of Aspen and Liberty along with a “challenging claims environment” has put pressure on the class.
Scor’s Kessler: Covid-19 a ‘manageable earnings event’ The French reinsurer guides away from an equity raise as it predicts further rate hardening.