Reinsurance News
Casualty reinsurance
Casualty reinsurance provides insurers with protection against large, unexpected losses from liability-based risks.
Casualty lines of business include claims arising from legal responsibility for injury or damage to others, including auto liability, medical malpractice, D&O (Directors & Officers), as well as product liability, errors and omissions (E&O), and many more niche liabilities.
The casualty reinsurance market is a significant component of the global reinsurance market and its risks have a far longer-tail than many catastrophe or specialty lines.
As such, casualty reinsurers are highly specialised and the casualty market also makes use of run-off and legacy reinsurers, to enable them to gain finality on elements of their casualty reinsurance portfolios.
Read all our casualty reinsurance news below.
AIG hopes to renew Swiss Re casualty quota share on better terms for 2018: Hancock
16th February 2017
Speaking at an insurance conference run by Bank of America Merrill Lynch this morning, Peter Hancock, the CEO of insurance giant AIG, said that he hopes the company will be able to renew its casualty quota share reinsurance arrangement with Swiss Re on better terms in 2018. AIG entered into a ... Read the full article
Tokio Millennium Re licenses Praedicat’s Oortfolio for casualty analytics
7th February 2017
Multi-line reinsurance firm Tokio Millennium Re has signed up to license Praedicat's casualty catastrophe risk modelling solution Oortfolio, as it seeks to enhance its analytical focus on this class of risk. Oortfolio is the world’s first exposure-based and forward-looking casualty catastrophe risk modelling tool, which Praedicat launched in October 2016. Oortfolio ... Read the full article
Mike Hudzik to head Swiss Re’s North American Casualty Hub
6th December 2016
Reinsurance giant Swiss Re has announced the appointment of Mike Hudzik as Head of its North American Casualty Hub, a role that will also see him join the firm’s Americas Management Team and Casualty Management Team. Previously Senior Vice President (SVP) at reinsurance firm Swiss Re, where he was responsible for ... Read the full article
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