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Category: Financial


Financial, Risk Management

JP Morgan analysts highlight significant improvements in reinsurers’ earnings potential during 2023

May 30, 2023

Via: Reinsurance News

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 […]


Financial, Risk Management

Catastrophe bond issuance accelerates to record-setting pace in 2023

May 25, 2023

Via: Artemis BM

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 […]


Financial, Risk Management

Further reinsurance pricing-power increases expected at mid-year FL renewals

May 24, 2023

Via: Reinsurance News

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 […]


Financial, Risk Management

Rising interest rates bring both benefits and risks to German life insurers: S&P

May 23, 2023

Via: Reinsurance News

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 […]


Financial, Risk Management

Revealed – global insurance premium income

May 22, 2023

Via: Insurance Business

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 […]


Financial, Risk Management

Florida renewal sees orderly process and price increases, driven by recent reforms: JMP Securities

May 22, 2023

Via: Reinsurance News

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 […]


Financial, Risk Management

Florida Citizens secures $750m of reinsurance with new Everglades Re cat bond

May 19, 2023

Via: Artemis BM

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 […]


Financial, Risk Management

United Insurance Holdings reports improved combined ratio of 70.5% for Q1 2023

May 16, 2023

Via: Reinsurance News

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. […]


Financial, Risk Management

FG Financial Group sees net reinsurance premiums increase to $3.7m

May 15, 2023

Via: Reinsurance News

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 […]


Financial, Risk Management

Export credit market shows strong growth: Berne Union

May 15, 2023

Via: Reinsurance News

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 […]


Financial, Risk Management

Auto Insurance Results ‘Historically Bad’ in 2022: S&P

May 12, 2023

Via: Insurance Journal

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. […]


Financial, Risk Management

Allianz sees 24.2% increase in Q1 operating profit to €3.7 billion

May 12, 2023

Via: Reinsurance News

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. […]


Financial, Risk Management

Louisiana Citizens secures Bayou Re cat bond at $195m

May 12, 2023

Via: Artemis BM

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 […]


Financial, Risk Management

Brookfield Reinsurance posts Q1’23 net loss vs year-ago net income

May 11, 2023

Via: Reinsurance News

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 […]


Financial, Risk Management

Greenlight Re sees Q1 GWP rise 27.8% as net income hits $5.9 million

May 10, 2023

Via: Reinsurance News

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 […]


Financial, Risk Management

Hard market condition impacting P&C books, reports Amwins

May 9, 2023

Via: Reinsurance News

A new survey of property and casualty (P&C) brokers and agents has found that 97% of respondents feel that recent hard market conditions are impacting their books of business, while 95% say their clients risk being underinsured due to high […]


Financial, Risk Management

Eclipse Re issues nearly $18.8m in private cat bonds, its first of 2023

May 9, 2023

Via: Artemis BM

Eclipse Re Ltd., a private syndicated collateralised reinsurance note, private catastrophe bond issuance and reinsurance transformer platform owned and operated by Artex Capital Solutions, has completed the issuance of two private cat bond arrangements totalling almost $18.8 million of risk […]


Financial, Risk Management

Insured Losses for New Zealand North Island Floods Estimated at NZ$1.8B: PERILS

May 8, 2023

Via: Insurance Journal

Insured losses for New Zealand’s North Island floods of Jan. 27 to Feb. 2 are estimated at NZ$1.75 billion ($1.1 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. This second PERILS’ loss estimate has […]


Financial, Risk Management

NFIP claims paid after Hurricane Ian exceeded $3.4bn in March

May 4, 2023

Via: Reinsurance News

By the end of March 2023, National Flood Insurance Program (NFIP) claims paid after Hurricane Ian had surpassed $3.4 billion, with more than 46,000 NFIP flood insurance claims received. As we wrote previously, by mid-January 2023, the NFIP had paid […]


Financial, Risk Management, Trends

Rising tourism drives travel insurance market forward

May 1, 2023

Via: Insurance Business

The global travel insurance market has grown from US$19.14 billion in 2022 to US$22.44 billion this year at a compound annual growth rate (CAGR) of 17.3%, according to a new study by analytics firm Research and Markets. The travel insurance […]