Jordan Insurance Co maintains adequate operating results in tough market

Published on July 1, 2024
Jordan Insurance Company (JIC) has a track record of adequate operating performance, despite challenging market conditions in the Jordanian and UAE markets, says AM Best.
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Reinsurers’ ‘risk on’ approach benefits property cat buyers in 2024: Gallagher Re

July 1, 2024
As per a new report from Gallagher Re, buyers of property catastrophe reinsurance have been able to negotiate better terms and conditions on their contracts in 2024 due to the “risk on” approach taken by reinsurers.The reinsurance broker explained that this has resulted in improved pricing, with risk-adjusted catastrophe placements remaining flat to -10%.“Reinsurers have been more willing to adjus

Reinsurers respond to increased demand at mid-year renewals: Guy Carpenter

July 1, 2024
The mid-year reinsurance renewals reflected a transitioning marketplace which responded to increased demand for protection, as numerous headwinds continued to shift risk appetites, according to Guy Carpenter, the reinsurance broking arm of Marsh McLennan.Guy Carpenter highlights a dynamic trading environment at the mid-year 2024 renewals, during which loss-free property programs saw easing of pric