AGP Executive Report
Last update: 8 hours agoClimate & Risk Finance from Monaco: At the Rendez-Vous de Septembre in Monte Carlo, S&P warned the “protection gap” remains huge as third-party capital hits $140bn, while Munich Re stressed reinsurance must cope with climate-driven volatility and rising heat-related losses. Market Discipline: AXA XL Re said it’s cautious for the 1/1/2027 renewals but aiming for steadier pricing and appetite, and Gallagher Re expects risk-adjusted rate decreases in property catastrophe with more flexible structures like mid-year buydowns. Ocean & Seabed Governance: Monaco’s IHO leadership transition (from 1 September) puts a renewed focus on safer navigation and seabed mapping capacity. Wildlife Conservation: Nigeria’s vulture crisis drew urgent calls to stop illegal killing and trafficking, with four species flagged as Critically Endangered. Marine Science Sailing: Yacht Club de Monaco-linked Team Malizia reported a foil-ram issue after a possible marine mammal or fish impact, then secured repairs and resumed full-speed racing.
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