Category: Risk Management

May 30, 2023

JP Morgan analysts assert that substantial progress has been witnessed in the underlying earnings potential of reinsurers during 2023, indicating a notable improvement. Substantial evidence supports their belief in the considerable improvement within the industry’s underlying profitability. “…we believe that […]

May 26, 2023

Swiss Re is forecasting long-term mortality improvement trends for insurance. The company’s latest report, “The Future of life expectancy” shows that although, gains in human longevity have tapered off over the last decade, the next wave of improvements is on […]

May 25, 2023

The pace of catastrophe bond issuance has continued to accelerate through recent weeks and according to Artemis’ data the cat bond market is now on a record-setting pace in 2023, with around $8.43 billion of cat bond and related ILS […]

May 24, 2023

Analysts at BMO Capital Markets anticipate +30-40% reinsurance pricing-power increases at the mid-year Florida renewals, compared to reinsurance pricing of +28-38% at Jan 1. According to BMO’s analysts, Terms & Conditions remain “as tight as can be”, meaning reinsurers will […]

May 23, 2023

Following ultra-low interest rates over the past decade, German life insurers now face new challenges as they keep rising bringing with them both favourable and unfavourable consequences for the sector, according to a recent report by S&P Ratings. On the […]

May 22, 2023

Total global insurance premium income amounted to nearly €5.6 trillion (about $6.05 trillion) last year, according to a new report by Allianz Trade. Life remained the largest insurance segment at €2.6 trillion, followed by property-casualty (€1.8 trillion) and health (€1.1 […]

May 22, 2023

The Florida insurance market is poised to experience a marked contrast during its June 1 renewal, characterised by an early and orderly process, according to JMP Securities. However, the renewal will also bring significant price increases as the market seeks […]

May 22, 2023

In April 2023, Goldman Sachs Asset Management (GSAM) published its 12th annual insurance survey, which not surprisingly includes findings that the industry continues to be focused on the potential impact of climate change. GSAM collected responses from 343 Chief Investment […]

May 19, 2023

Drivers are kicking the tires and trading up for new auto insurance policies. In the first quarter, new policy growth rate was up 17% over the same period in 2022, and a record-breaking shopping growth rate was up 10.2% compared […]

May 19, 2023

Florida’s Citizens Property Insurance Corporation has now secured $750 million of named storm reinsurance protection for the 2023 hurricane season with this dual-series issuance of Everglades Re II Ltd. (Series 2023-1 & 2023-2) notes, with the prices fixed within the […]

May 16, 2023

United Insurance Holdings Corp., the property and casualty insurance holding company, has released its financial results for Q1 2023. The company reported a combined ratio of 70.5% for Q1 2023 as compared to a ratio of 191.7% for Q1 2023. […]

May 15, 2023

In its Q123 results, FG Financial Group has reported that net reinsurance premiums earned increased to $3.7 million, from $2.5 million in the prior year quarter. According to the firm, its reinsurance operations benefited from continued increase in net earned […]

May 15, 2023

Berne Union, the global association for the export credit and investment insurance industry, has reported that its market showed “strong growth” across business lines in 2022 and a fall in claims paid overall. Looking at the data, analysts concluded that […]

May 12, 2023

In 2022, the U.S. private auto insurance industry reported its worst underwriting results in over two decades, according to a S&P Global Market Intelligence analysis. The net combined ratio for the sector — when excluding policyholder dividends — was 111.8. […]

May 12, 2023

Allianz has reported that its Q1 2023 operating profit increased 24.2% to €3.7 billion, which the firm attributes to strong performance in Life/Health and Property-Casualty business segments. Meanwhile, total business volume in Q1 2023 increased by 3.9% to €46 billion. […]

May 12, 2023

Gillian Davidson, Global Insurance Law Connect’s (GILC) Chair, highlighted the increasing importance of Environmental, Social, and Governance (ESG) considerations for insurers and the wider business community. In the fifth edition of GILC’s annual ‘Risk Radar Report’, Davidson noted that ESG […]

May 12, 2023

Louisiana Citizens Property Insurance Corporation has now priced its new Bayou Re Ltd. (Series 2023-1) catastrophe bond deal, which will settle at $195 million in size becoming its largest cat bond sponsored to-date. This will now be the largest catastrophe […]

May 11, 2023

Brookfield Reinsurance reported a net loss of $93 million in the first-quarter of 2023, compared to a net income of $156 million in Q1’22. This loss was driven largely by unrealized mark-to-market impacts on investments and insurance reserves, partially offset […]

May 10, 2023

Mergers and acquisitions (M&A) are always a hot topic in insurance. From small agencies hoping to get acquired, large agencies hoping to get larger, or carriers looking to expand into new geographies or lines of business, there are a multitude […]

May 10, 2023

In its Q1 2023 results, Greenlight Re has reported that gross written premiums (GWP) increased 27.8% to $186.5 million, which the firm attributed to new opportunities and improved pricing on property and general liability business, as well as several new […]