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Tag: reinsurance


Risk Management, Trends

Reinsurance peaking, capital rising, but profitable growth opportunity persists: Fitch

February 29, 2024

Via: Artemis BM

The global reinsurance market pricing cycle is peaking and rising levels of both traditional and alternative capital is one driver, but still the market remains very attractive and profitable growth opportunities persist, according to Fitch Ratings. Fitch notes that the […]


News

Mitsui Sumitomo reportedly to increase underwriting capacity in London to £3bn

February 15, 2024

Via: Reinsurance News

Japanese insurer Mitsui Sumitomo Insurance (MSI), owner of Lloyd’s of London underwriter MS Amlin, is investing in the UK hub as it announces its plans to increase its underwriting capacity to £3 billion in the next five years. According to […]


Geo-Political, Risk Management

AM Best Says Losses from California Storms Largely Uninsured, Underinsured

February 9, 2024

Via: Insurance Journal

The economic losses from the latest round of California storms will be significant, with many of these losses may not be insured because only 2% of California residents have purchased flood insurance, David Blades, associate director, industry research and analytics, […]


Risk Management, Trends

Considerations for D&O Insurance in Light of the Changing Diversity, Equity, and Inclusion (DEI) Legal Landscape

January 24, 2024

Via: JD Supra

After George Floyd’s death in May 2020, companies (including their directors and officers) are facing increasing liability exposure and scrutiny from both sides of the political aisle relating to diversity, equity, and inclusion (DEI) initiatives. While coverage under a directors […]


InsurTech

Majority of insurance organizations considering tech upgrades

January 23, 2024

Via: Insurance Business

An in-depth analysis conducted by Novidea, a provider of cloud-based, data-driven insurance management platforms, found 75% of insurance organizations worldwide are gearing up to embrace new core insurance management platforms within the next two years. This revelation comes from the […]


News

Reinsurer Permitted to Intervene in Affiliate’s Lawsuit Related to Breach of MGA Agreement

January 22, 2024

Via: JD Supra

Texas Insurance Co. sued Talisman Specialty Underwriters Inc. for breaching the parties’ managing general agent (MGA) agreement by authorizing the issuance of hundreds of insurance policies by Texas Insurance in sectors (like marine and energy) where Talisman Specialty did not […]


News

iSwiss Reinsurance gets licence to operate in UAE reinsurance market

January 10, 2024

Via: Reinsurance News

iSwiss Financial Group has announced that the United Arab Emirates has granted the group’s new company, iSwiss Reinsurance, a licence to operate in the country’s reinsurance market, from where it will also offer its services globally. The iSwiss Group explained […]


Risk Management, Trends

Reinsurance pricing rises again in 2024

January 5, 2024

Via: Insurance Business

New equity research from Jefferies highlights that in the global property-catastrophe reinsurance market, prices have seen an additional increase of 3% on a risk-adjusted basis, following a 37% rise last year. The trend suggests continued robust demand in the industry, […]


News

1.1 reinsurance renewal points to strong 2024 earnings: KBW

January 4, 2024

Via: Reinsurance News

KBW Europe’s recent discussion on the January 1 reinsurance renewals, led by William Hawkins and Darius Satkauskas, reveals promising insights into the industry’s outlook for 2024. Hosted with industry experts David Flandro of Howden Re and James Vickers of Gallagher […]


News

Travelers Completes Acquisition of Corvus Insurance

January 3, 2024

Via: Insurance Journal

The Travelers Cos. completed its previously announced acquisition of Corvus Insurance Holdings Inc., a cyber insurance managing general underwriter. The $435 million acquisition was first announced in November 2023, which Travelers said would boost its middle-market excess and surplus lines […]


Risk Management, Trends

Reinsurers have won the battle so far in 2023: Deutsche Bank

November 29, 2023

Via: Reinsurance News

As the primary vs reinsurance debate rolls on, analysts in the Deutsche Bank European Insurance Team suggest reinsurers have “won the battle” so far in 2023 in terms of relative share price performance, particularly SCOR and Munich Re. “Momentum remains […]


Geo-Political, Risk Management

Aggregate covers remain unattractive to reinsurance underwriters: Gallagher Re

November 17, 2023

Via: Artemis BM

Property catastrophe reinsurance capacity is expected to remain relatively flat at the January 2024 renewals according to a survey from broker Gallagher Re, which also suggests that reinsurer appetite for writing aggregate coverage and lower-layers remains limited. It’s yet another […]


Risk Management, Trends

Greater demand for re/insurance across Asia is not going away: Peak Re CEO Hahn

October 26, 2023

Via: Reinsurance News

Across property and casualty (P&C) and life and health (L&H) markets in Asia, demand for insurance and reinsurance protection is rising, and this trend is expected to persist against a backdrop of climate change and inflationary challenges, according to Franz-Josef […]


Risk Management, Trends

LMG launches report highlighting role of insurance in advancing net zero projects

October 9, 2023

Via: Reinsurance News

The London Market Group (LMG) unveiled a comprehensive report shedding light on the pivotal role that insurance plays in driving and sustaining net zero projects. Targeting parliamentarians and key influencers, this report aims to underscore the significance of the London […]


Financial, Risk Management

US Home Insurance ‘Bubble’ Closer to Popping as Climate Risks Mount: Report

September 20, 2023

Via: Insurance Journal

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 […]


Financial, Risk Management

Fitch Ratings on why its global reinsurance sector outlook has been revised

September 14, 2023

Via: Insurance Business

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 […]


Financial, Risk Management

Reinsurance Rates to Rise in 2024, Soften in 2025: Fitch

September 8, 2023

Via: Insurance Journal

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 […]


Cyber Risks, Risk Management

Reinsurance vital for development of sustainable cyber market: S&P

August 30, 2023

Via: Reinsurance News

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 […]


Financial, Risk Management

Opportunity for reinsurers to exceed their cost of capital: Howden Tiger

August 24, 2023

Via: Reinsurance News

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 […]


News

Munich Re Again Tops List of 50 Largest Reinsurers With Swiss Re at No. 2: AM Best

August 23, 2023

Via: Insurance Journal

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 […]