The reinsurance market has been undergoing significant changes, particularly during the hard market phase. As we move towards 2025, the question arises: will these structural changes persist? This article delves into evolving trends, market dynamics, and the future outlook of the reinsurance
On December 31, 2024, Taiping Reinsurance Co., Ltd. (Taiping Re) issued Asia's first dual-peril, dual-trigger catastrophe bond, worth $35 million, in Hong Kong. This was an important milestone in the financial world because it represents a new level of sophistication in catastrophe bonds. Delivered
Hawkes Bay Underwriting (HBU) Marine, a prominent Managing General Agent in the Asia-Pacific region, has successfully regained its status as a Lloyd’s of London Coverholder after a hiatus of several years. Originally established in 2008, HBU has been a key player in providing specialized insurance
Ryan Specialty has recently announced the appointment of Shawn Yingling as Chief Retail Distribution Officer for its specialty underwriting segment, Ryan Specialty Underwriting Managers (RSUM). This strategic move is expected to bring a fresh perspective and extensive expertise to the company,
Crescent Specialty, an independent, employee-owned MGA and Wholesale Brokerage firm headquartered in Houston, Texas, has recently achieved Coverholder status with Lloyd's of London. This significant milestone marks a pivotal moment in the company's journey, reflecting their commitment to long-term
The Fort Myers Beach community in southwest Florida is grappling with a significant decision by FEMA that could impact its recovery from Hurricane Ian in 2022. FEMA has announced that this area will lose its flood insurance discounts due to improper rebuilding practices in designated flood zones.
