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Catastrophe modelling is next phase in getting technology embedded in insurance and reinsurance pricing

The transaction exceeds $550 million of fully collateralised quota share reinsurance

Acquisitions likely among smaller and private equity-backed reinsurers, according to report

Peter Zaffino will step down as CEO by midyear and transition to executive chairman

Belt-tightening causes underwriting expense ratio to fall to 25.3 per cent and 96.6 combined ratio for the year

Property catastrophe business still in a good place despite rising competition, Abir CEO says

Net income rises sharply year-on-year along with higher investment income, though cash buffers erode

Intense competition in North America and price reductions of 12 per cent are in line with global trends

Firms are supplementing their modelling results with human judgment to account for climate uncertainty

Figure is an improvement from the previous year, but progress remains insufficient