Top

Tag: reinsurance


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 […]


News

Resolution Re enters reinsurance agreement with Dai-Ichi Life

June 22, 2022

Via: Reinsurance News

Resolution Re, part of global life insurance group Resolution Life, has entered into a reinsurance agreement with Dai-Ichi Life, a large life insurer in Japan. The agreement includes the transfer of a closed book of whole of life policies totalling […]


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 […]


Regulatory / Legal

“Several quarters” before benefits of Florida reforms show: CaseGlide CEO

June 15, 2022

Via: Artemis BM

The insurance and reinsurance industry would have welcomed “reforms that helped the industry today” in Florida’s property insurance market, according to the CEO of CaseGlide, as notices of intent to litigate claims rose 10% in the state in May. That’s […]


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 […]


Geo-Political, Risk Management

Munich Re warns of ‘exceptionally active’ hurricane season

June 1, 2022

Via: Reinsurance News

Munich Re is warning that this year’s hurricane season could be ‘exceptionally active’ in a new outlook just posted on its website. The reinsurance giant said that the main phase of the hurricane season, which is due to start in […]


Regulatory / Legal

Canada’s Alberta province proposes new insurance law

April 22, 2022

Via: Reinsurance News

Canada’s Alberta government has proposed legislation that will aims to increase the province’s capacity. canada-flagFinance Minister Travis Toews tabled the Insurance Amendment Act in the legislature earlier this week. The Act is intended as a follow-up to last December’s Captive […]


Financial, Risk Management

Burning car carrier Felicity Ace could be $500m cargo loss, says Skytek

February 18, 2022

Via: Reinsurance News

The fire that emerged on the Felicity Ace cargo ship, which was loaded with luxury cars as it departed Germany for the U.S. on February 9th, could result in a loss for the marine re/insurance market of as much as […]


Financial, Risk Management

Chubb’s reinsurance growth continues, but recoverables escalate in Q4

February 2, 2022

Via: Artemis BM

Global insurance and reinsurance giant Chubb reported one of the best year’s in its history in 2021, delivering record full-year net income and particularly strong premium growth in its reinsurance business. The global reinsurance business was again one of the […]


Financial, Risk Management

Travelers reports record Q4 net income, but exhausts agg reinsurance

January 20, 2022

Via: Reinsurance News

The Travelers Companies has today reported its net income of $1.3 billion for the fourth quarter of 2021, which was driven by higher net investment income and a higher underlying underwriting gain. At $1.333 billion, the insurer’s net income hit […]