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Category: Financial


Financial, Risk Management

UK motor insurers to expect losses in 2022 and 2023: EY

July 5, 2022

Via: Reinsurance News

Losses are predicted in 2022 and 2023 for the UK motor insurance market due to underlying inflation and premium rate falls, according to EY’s UK Motor Insurance Results. The professional services firm predicts that the sector’s net combined ratio (NCR) […]


Financial, Risk Management

Global reinsurer capital falls $30bn: Aon

July 1, 2022

Via: Reinsurance News

Aon has estimated that global reinsurer capital fell by $30bn from the end of 2021 to the end of the first-quarter of 2022. The firm said in a statement that this was driven mainly by unrealised losses on bonds, linked […]


Financial, Risk Management

Turkish Insurers Seek Bond Issue to Protect Capital From Soaring Inflation

June 30, 2022

Via: Insurance Journal

Turkey’s insurance association is in talks with the country’s Treasury on a potential inflation-indexed bond issue, the group’s head told Reuters, as insurers seek a new mechanism to protect their capital from soaring inflation. Turkey’s inflation rate hit 73.5% in […]


Financial, Risk Management

Revealed – what’s tearing apart Florida’s homeowners’ insurance market?

June 24, 2022

Via: Insurance Business

The Insurance Information Institute (Triple-i) has released a damning report which has warned that Florida’s current homeowners’ insurance market is “on the verge of failure,” thanks to rampant fraudulent roof repair schemes and excessive insurance litigation. Triple-I found that thanks […]


Financial, Risk Management

AXIS gets $140m Northshore Re II cat bond at reduced pricing

June 23, 2022

Via: Artemis BM

Global specialty insurance and reinsurance underwriter AXIS Capital has now secured its latest catastrophe bond at attractive terms, with the upsized $140 million of peak-peril catastrophe reinsurance protection from its new Northshore Re II Ltd. (Series 2022-1) catastrophe bond issuance […]


Financial, Risk Management

Property cat pull-back bodes well for pricing into 2023: JP Morgan

June 22, 2022

Via: Artemis BM

The fact some large and previously significant catastrophe exposed reinsurance firms have announced plans to pull-back and reduce exposures this year bodes well for pricing right through into 2023, according to analysts from JP Morgan. With property catastrophe reinsurance rates […]


Financial, Risk Management

US reinsurance – what’s happened so far in 2022?

June 13, 2022

Via: Insurance Business

A group of US property and casualty reinsurers under the Reinsurance Association of America (RAA) had a total of $22.7 billion in net written premium in Q1 2022 – up 26.8% from this time last year. The 17 firms involved […]


Financial, Risk Management

Euro inflation pressure broadening out, core CPI rises to new multi-decade high: Swiss Re Institute

June 9, 2022

Via: Reinsurance News

A new report from Swiss Re Institute states that Euro area inflation pressure is broadening out and becoming “stickier”, as core Consumer Price Index (CPI) rises to a new multi-decade high. The current inflation surge is also increasing claims severity […]


Financial, Risk Management

Insurance protection gap could hit $1.86tn by 2025: PwC

May 20, 2022

Via: Artemis BM

The global insurance and reinsurance market faces a range of challenges, but at the same time the opportunities for the sector and for the provision of efficient capital to absorb societal risks, is also expanding, with PwC estimating that the […]


Financial, Risk Management

Fraudulent disaster claims cost P&C insurers extra $4.6bn to $9.2bn

May 18, 2022

Via: Artemis BM

Fraud, litigation, claims inflation, social inflation, loss adjustment expenses, there seems a multitude of reasons for natural disaster insurance claims to become amplified and for higher loss costs to ultimately flow to providers of reinsurance capital, including ILS funds and […]