All the headlines from our Reinsurance Topic Page, ordered by recency.
Oct 4 2023 // Executive summary: Reflecting on 30 years of Pro Global’s journey in the re/insurance sector, it is evident that the company’s evolution parallels the broader shifts that have defined the industry’s...
Sep 28 2023 // United Insurance Brokers (UIB), the London-based international re/insurance broker, has announced an agreement to create two new companies in Peru, expanding the UIB Group footprint in South America.UIB has taken an equity...
Sep 26 2023 // This edition of International People Moves details appointments at Arch Insurance and Aon.A summary of these new hires follows here. Arch Insurance (Bermuda) Promotes Smith to MD after Hay RetiresArch Insurance (Bermuda)...
Sep 22 2023 // This edition of International People Moves details appointments at Aon and Miller.A summary of these new hires follows here. Aon Taps Carpenter’s Fraccalvieri to Lead EMEA Facultative for Reinsurance...
Sep 21 2023 // One of the themes at this year’s reinsurance Rendez-Vous de Septembre (RVS) was that reinsurers have rediscovered client need, client interest and have again started to put clients at the center of conversations,...
Sep 18 2023 // The recent devastating floods following Super Typhoon Saola in Hong Kong and other parts of China may add further pressure to the upcoming reinsurance renewals in January, according to an AM Best commentary.The overall...
Sep 18 2023 // Despite extremely challenging conditions, with persistent and elevated claims activity, the global reinsurance segment returned an underwriting profit in 2022, according to an AM Best report.“Reinsurers generally...
Sep 13 2023 // Lockton, the world’s largest independent insurance broker, announced it has signed a long-term strategic agreement with Jhasa, a Spanish independent insurance and reinsurance broker that specializes in the...
Sep 12 2023 // Executive summary: Reinsurance underwriting is all about finding equilibrium between reinsurers’ reason for being—reducing the volatility of cedents earnings—and producing stable profits in their own businesses....
Sep 11 2023 // Envelop Risk, the UK-based cyber re/insurance and analytics specialist, announced the launch of a program for cedents that want to enter the cyber risk market or expand their existing participation.The initiative, called...
Sep 11 2023 // Executive summary: Fitch Ratings is projecting reinsurer returns on equity of 14% in 2023 and 2024, results that reflect a reinsurance environment that has effectively returned to the pre-soft market state of providing...
Sep 8 2023 // Prudential Financial Inc. and Warburg Pincus are among investors that contributed a combined $1 billion of equity to create a Bermuda-based reinsurer, Prismic Life Reinsurance Ltd.In its first deal, Prismic is taking on...
Sep 8 2023 // Reinsurance rates are likely to continue to rise in 2024, though at a slower pace than in 2023, and prices will start to fall in 2025, Fitch Ratings analyst Robert Mazzuoli told Reuters on Thursday.Reinsurers – who...
Sep 6 2023 // Reinsurers reported “a robust increase” in their capital base, improved underwriting profits as well as higher returns on equity and investment income, according to a Gallagher Re report.The reinsurance...
Sep 5 2023 // The Reinsurance Association of America has come out with a white paper on the California homeowners insurance market that urges policymakers consider the risks of inaction.The paper, “Dynamics and Challenges in...
Sep 5 2023 // S&P Global has raised its view of the global reinsurance sector to stable from negative, it said on Tuesday, due to higher reinsurance rates and increasing investment income, while rival Moody’s kept its outlook...
Sep 1 2023 // Hurricane Idalia, with estimates of insured losses as low as $2 billion, will nonetheless affect underwriting results for a number of carriers, the AM Best financial rating firm said in a report released...
Aug 29 2023 // More cyber reinsurance rate increases can be expected as reinsurers seek to regain underwriting profits in their cyber portfolios, according to a report published by S&P Global Ratings.“Reinsurers had a difficult...
Aug 23 2023 // Munich Re holds onto the top spot in AM Best’s annual ranking of the top 50 global reinsurance groups for 2022, with Swiss Re coming in as the second-largest reinsurer — for the third year in a row.These two...
Aug 22 2023 // Despite extremely challenging conditions, with persistent and elevated claims activity, the global reinsurance segment returned an underwriting profit in 2022, according to an AM Best report.“Reinsurers generally...