Tag: reinsurance

September 20, 2023

Home insurance costs that have soared in much of the US may get even higher. Tens of millions of properties around the country are insured at prices that haven’t caught up with the danger of hurricanes, wildfires and floods, according […]

September 14, 2023

Fitch Ratings has revised its global reinsurance sector outlook from ‘neutral’ to ‘improving’, a move the credit rating agency said reflects the market’s strengthening financial performance into 2024. At a reinsurance briefing during the RVS conference in Monte Carlo, senior […]

September 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 insure insurers […]

August 30, 2023

As cyber insurance remains the fastest growing sub-sector of the global insurance market, S&P has underlined the importance of reinsurance in the development of a sustainable and effective market. According to S&P, primary carriers ceded around 50% to 65% of […]

August 24, 2023

After experiencing a significant capital impairment in 2022, re/insurance capital is “slowly returning to its previous levels,” and as reinsurers continue to benefit from hard market conditions, the sector should exceed its cost of capital for the first time in […]

August 23, 2023

Munich Re holds onto the top spot in AM Best’s annual ranking of the top 50 global reinsurance groups in 2022, with Swiss Re coming in as the second-largest reinsurer — for the third year in a row. These two […]

August 22, 2023

Analysts at J.P. Morgan are of the view that it doesn’t matter whether the Atlantic hurricane season proves impactful, or not, the resolve of the reinsurance community when it comes to pricing and terms is strong, with softening only expected […]

August 21, 2023

In a recent assessment of the global reinsurance industry, AM Best analysts have indicated that despite favourable market conditions, a new class of global reinsurers is unlikely to emerge in 2023. The analysis points to several factors that contribute to […]

July 12, 2023

The credit ratings of global property insurers are coming under pressure as rising reinsurance costs force them to cut back on cover and retain more risks themselves, DBRS Morningstar analysts said in a research note on Wednesday. Reinsurers, which insure […]

July 3, 2023

SCOR Investment Partners has announced the opening of a new subsidiary based in Switzerland to provide closer support to Swiss institutional investor clients and develop new opportunities in the country. SCOR Investment Partners is the asset management company of the […]

June 30, 2023

An insurance agent in Texas has pleaded guilty to a third-degree felony charge, according to an announcement made by the Travis County district attorney’s office. Christopher Cannon, who also served as mayor of Elgin from 2016 to 2020, entered a […]

June 30, 2023

Jenny Bortman (pictured) didn’t originally plan a career in insurance. After majoring in chemistry, she joined Nestle Purina’s veterinary division in a sales role. But soon, she was heeding the call of the family business. “I think insurance is in […]

June 29, 2023

Florida has a unique property insurance market consisting mostly of small and medium-sized local insurers that rely heavily on reinsurance. These companies serve to fill the gap left by national insurers that have shied away from providing coverage in the […]

June 29, 2023

Aluminium Bahrain B.S.C, the largest aluminium smelter in the world after China, held a Reverse Insurance Roadshow. This was the first of its kind in the MENA region, with top-rated insurance and reinsurance markets, in collaboration with Bahrain Kuwait Insurance […]

June 28, 2023

The Federation of European Risk Management Associations (FERMA) has announced the election of Charlotte Hedemark as its next President. Her tenure as President will start on 17 October. She will be succeeding Dirk Wegener following the completion of his four-years […]

June 28, 2023

Oxbridge Re Holdings Limited has announced that its Web3-focused, wholly-owned subsidiary, SurancePlus Inc., has closed a $2.4 million private capital raise through the sale of 244,776 of its tokenized reinsurance security, DeltaCat Re. According to the announcement, the tokens will […]

June 27, 2023

Direct non-life insurers in advanced markets have experienced a deceleration in the release of prior-year loss reserves, prompting concerns about adequacy due to recent shocks, leading to an uptick in the share of incurred-but-not-reported (IBNR) claims, according to a Swiss […]

June 27, 2023

2023 is predicted to be a below average storm season in the US, which along with price increases achieved over the past several years, should benefit re/insurers and underwriters; this amid a “fatigued” market caused by a challenging last 5 […]

May 30, 2023

Guy Carpenter, the reinsurance specialist business of Marsh McLennan, announced it will acquire Re Solutions, the leading independent reinsurance broker in Israel. Terms of the transaction, which is expected to close later this quarter, were not disclosed. Founded in 2010, […]

May 9, 2023

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 […]