Reinsurance market grapples with geopolitical risks amid renewals shift

Financial lines rate reduction should bottom out as potential large losses loom: Frontier Global’s Joel Pridmore

Sector faces significant challenges, including major litigation such as class actions, regulatory scrutiny of Australian superannuation funds, cyber events, greenwashing, and the risk of under-reserving.

Qantas cyber breach to create turbulence for insureds and insurers, but losses could fly under the radar

AIG-led cyber program placed by Marsh is unlikely to be significantly hit, industry sources told InsuranceAsia News.

Regional risk concerns for ‘fourth utility’ as data centres seek answers to perils threat

Threat of cyber attack or system failure has been a focus for risk management systems, but physical risks, such as natural disasters, power failures and physical security risks, are often less understood.

‘Reinsurers have been quite clear that they’re still looking to grow’: Gallagher Re’s Heather Bone

At the July 1 renewals, while supply was abundant, demand is falling given increasing consolidation in Australia’s insurance industry.