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Tag: reinsurance


News

Aggregate value of insurance sector M&A deals up sharply in Q1

April 5, 2021

Via: Business Insurance

First-quarter mergers and acquisitions involving U.S. and Bermuda-based insurance industry companies produced an aggregate deal value of $21.16 billion, according to a report Monday from S&P Global Market Intelligence. This year’s first-quarter tally tops full-year deal totals for 2019 and […]


Risk Management, Trends

April reinsurance renewals follow trend, as pricing remains firm: Willis Re

April 1, 2021

Via: Artemis BM

As anticipated, the April 1st 2021 reinsurance renewals followed the trends set earlier in the year, with pricing generally firm despite adequate capacity levels, according to the latest 1st View report from broker Willis Re. The April reinsurance renewals were […]


Financial, Risk Management

Lloyd’s reports £2.6bn reinsurance recoveries against £6.2bn gross COVID loss

March 31, 2021

Via: Artemis BM

The Lloyd’s of London insurance and reinsurance market reported a £0.9bn loss for 2020 after significant impacts from the COVID-19 pandemic dented performance, despite significant reinsurance recoveries. In total, Lloyd’s reported an aggregated market loss of £0.9bn for 2020, down […]


Risk Management, Trends

Rising combined ratios, lower capital, to drive Florida reinsurance demand

March 29, 2021

Via: Artemis BM

At the upcoming mid-year reinsurance renewals our sources suggest there could be increased demand for reinsurance protection coming out of Florida, despite the delicate financial position of many insurance carriers focused on the state. The twin effects of another year […]


Geo-Political, Risk Management

Allstate says winter storm loss to trigger Sanders Re II 2019-1 cat bond

March 18, 2021

Via: Artemis BM

US primary insurer Allstate has revealed a significant approximately $1.3 billion gross loss from the winter storms and severe winter freeze, primarily impacting Texas, which it warns mean its aggregate reinsurance will trigger, which is provided by its Sanders Re […]


Risk Management, Trends

Reinsurers disappointed with January renewals: S&P

March 3, 2021

Via: Reinsurance News

Analysts at rating agency S&P global ratings have noted that reinsurers feel they haven’t fully benefitted from their results, despite the global reinsurance pricing gains from the January renewals. S&P Global RatingsAlthough this year’s renewal season started with high hopes, […]


Risk Management, Trends

Insurance M&A deals keep rolling in

March 2, 2021

Via: Business Insurance

Mergers and acquisitions activity in the insurance sector was strong in 2020 despite COVID-19 and is expected to remain robust in 2021 as rising commercial insurance rates bolster earnings, making insurers attractive targets, and “deployable capital” remains abundant, analysts and […]


Risk Management, Trends

M&A in insurance distribution continues to soar to record heights

February 24, 2021

Via: Insurance Business

RESILIENT. It’s a term often used to describe the insurance distribution market, and one that continues to attract the hungry eyes of the investment community. Despite the COVID-19 pandemic and resulting socio-economic challenges – a global recession and strained labor […]


Financial, Risk Management

Liberty Mutual reports significant increase in Q4 net income

February 24, 2021

Via: Business Insurance

Liberty Mutual Holdings Co. Inc. on Tuesday reported net income of $162 million for the fourth quarter of 2020, compared with a net loss of $301 million in the year-earlier period, due to favorable core underwriting results across the insurer’s […]


Regulatory / Legal

Wyoming Department of Insurance Giving Online Licensing Exams

February 23, 2021

Via: Insurance Journal

The Wyoming Department of Insurance is now enabling candidates for insurance licensure to schedule exams online through testing vendor Pearson VUE and their OnVUE online proctoring service. Online testing will begin on March 2. “The weather and long distances in […]