SCOR leans into AI as reinsurer warns of governance and liability challenges
Speaking at a media briefing held during the Monte Carlo Rendez-Vous, SCOR’s Group Chief Executive Officer, Thierry Léger, and the Chief Executive Officer of SCOR Global P&C, Jean-Paul Conoscente, set out the reinsurer’s view on the forces reshaping the industry, with artificial intelligence (AI) emerging as one of the most significant themes of the discussion….
Brian Lewis named Chief Financial Officer of Aspida Life Re
Aspida Holdings, a provider of retirement and reinsurance solutions, has announced the appointment of Brian Lewis as Chief Financial Officer of Aspida Life Re. In his new position, Lewis will leverage his 13 years of leadership experience across reinsurance finance, capital management, and regulatory reporting, to oversee the financial operations of Aspida Re, a Bermuda-based…
Protection gap remains ‘huge’ as third-party capital hits $140bn, reports S&P
Speaking at this year’s Rendez-Vous de Septembre in Monte Carlo, senior analysts from S&P Global Ratings, a provider of credit ratings and financial analysis, set out their view of the reinsurance market’s biggest structural challenges and opportunities, from the widening protection gap to the fast-growing exposures created by AI-driven data centres. The briefing, titled Global…
‘Value of reinsurance has never been more evident’ as risks become more global & volatile: Munich Re
At the 68th annual meeting of the reinsurance industry in Monte Carlo, Munich Re, one of the world’s largest reinsurance companies, underlined the importance of a resilient reinsurance sector as risks are “becoming more global and more volatile.” Munich Re describes reinsurance as society’s immune system, but warns that the industry is facing an abundance…
AXA XL Re cautious ahead of Jan renewals, but aims to provide consistent pricing and appetite through the cycle: CEO Guidée
Global reinsurer AXA XL Re is cautious heading into the key January 1 2027 renewals as there’s still time for meaningful loss events to impact the industry, but in a market with improved discipline, the focus is on providing consistency of pricing and appetite through the cycle, according to CEO Renaud Guidée. Speaking with Reinsurance…
We’re a solution provider, always working to get the right yes for clients: Voralia, Everest
As the reinsurance market moves on from the correction phase, global carrier Everest isn’t focused on short-term price movements but more its role as a solution provider, bringing access to clients, as well as global expertise and capital flexibility in an increasingly interconnected world, according to Jiten Voralia, Chief Underwriting Officer (CUO), Global Reinsurance. Reinsurance…
Reinsurance sector set for ‘controlled descent’ as margins come under pressure: Fitch
As the global reinsurance sector enters a period of decelerating growth and margin compression, driven by excess capital and softening rates, Manuel Arrive, CFA, Director, Insurance at Fitch Ratings, said the base case is a “controlled descent, not a fall off a cliff.” Speaking during a briefing at the 68th edition of the Rendez-Vous de…
Reinsurer flexibility gives Gallagher Re confidence ahead of Jan 1 renewals: Dowlen, EMEA CEO
As reinsurers show both flexibility and interest to support the evolving needs of buyers, global reinsurance broker Gallagher Re is confident its clients can achieve good outcomes at the key January 1 renewals, according to Hamish Dowlen, CEO of EMEA. Speaking with Reinsurance News around the 68th edition of RVS in Monte Carlo, Dowlen said…
Cedar Trace obtains in-principle approval from Lloyd’s for new $300m syndicate
Following in-principle approval from the Lloyd’s Council, Cedar Trace Underwriting has entered the Lloyd’s market with a new $300m syndicate for the 2027 underwriting year, to be led by CUO Richard Holden. According to the firm, the syndicate will write a diversified reinsurance portfolio alongside a delegated direct insurance portfolio, marking a significant expansion of…
At 30, I Chose To Have My Breasts Removed. 12 Years Later, My Children Have Questions.
When he was 5, my son went through a phase where he would climb up onto the couch where I was sitting, plop himself on my lap and punch my breasts, squish them in his hands, then try to pinch my nipples. I’d push his arms down and pull away, saying, “Ouch! That hurts, buddy….
