Paul Walsh

RVS 2023: Inflation still key macroeconomic risk for insurers, warns Swiss Re

The Swiss reinsurer warned high inflation could persist for next two years

RVS 2023: reinsurers turn a corner en route to Monte Carlo

The annual Rendez-Vous de Septembre (RVS) event begins this weekend in Monte Carlo and reinsurers enter the glitzy surroundings on strong foundations following last year's turbulence, as Paul Walsh reports

Verisk warns insurers should expect average annual cat losses of $133bn

The risk modelling firm cited growth in exposure values and rising replacement costs as key drivers

Vesttoo claims "pervasive and systemic misconduct" among execs

The Israeli headquartered firm has released an interim report in US bankruptcy court

AIG seals $400m deal with Enstar for Validus Re reserves

The deal follows RenaissanceRe's agreement to purchase Validus Re in May

Stable outlook for global reinsurers amid strong pricing conditions

S&P Global had viewed the sector as negative since May 2020

A new chapter for Solvency II's SFCR

Modifications to the solvency and financial condition report (SFCR) have been mooted in the UK and EU, although insurers and users have urged caution on any potential changes. Paul Walsh reports

Culture transformation at Lloyd's driven by market realities

Mark Lomas said the market is still looking to "catch up" with bigger financial organisations

Greg Heerde becomes American Family CRO

NN Group plans to expand ChatGPT use

The Dutch insurer said around 4,000 of its employees currently have access to ChatGPT