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Market conditions harden further at January 2021 Renewals

Capital injections of over USD20 billion and a recovery in financial markets helped to maintain the reinsurance capacity at the levels of early 2020, proving the resilience of the market, Fitch.

The question now is how sustainable the price increases are. In the run-up to the renewals, reinsurers were optimistic of prolonged market hardening, but some are now less sure they are right:S&P

SCOR partners with CyberCube for developing a cyber risk management tool

Jean-Paul Conoscente, CEO of SCOR P&C, commented,“In line with our Quantum Leap strategic plan, under which we are accelerating our use of new technologies, this partnership with CyberCube is a perfect example of how SCOR leverages data management and analysis capabilities to build its knowledge and deliver optimal service to clients.This integrated Cyber platform is a major development that will enable us to further deepen and broaden our management of this key risk in the future.”

UK regulators approve Lloyd’s multi Insurance Special Purpose Vehicle for new capital

The approval is a key milestone for the Future at Lloyd’s strategy, which aims to create an insurance market that attracts new forms of capital. The new platform will make it easier for investors to access the Lloyd’s market and will benefit investors by offering a more transparent and efficient capital management process.   

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