Reinsurance News
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Reinsurance News – Tuesday 27th September 2016
27th September 2016
Here’s your daily Reinsurance News for Tuesday 27th September 2016: Reserves suggest reinsurance cycle is at an inflection point: JLT Re Reinsurance broker JLT Re has warned that the reinsurance industry is in "danger of releasing reserves" in spite of suggestions that accident year redundancies are running low. ... Read the full article
Reinsurance News – Friday 23rd September 2016
23rd September 2016
Here’s your daily Reinsurance News for Friday 23rd September 2016: FEMA buys first reinsurance for NFIP, will buy more in 2017 For the first time ever, FEMA has bought reinsurance protection for the National Flood Insurance Program. FEMA has purchased $1 million of reinsurance cover from three reinsurers, a development ... Read the full article
Reinsurance News – Tuesday 20th September 2016
20th September 2016
Here’s your daily Reinsurance News for Tuesday 20th September 2016: Hurricane Hermine insured losses expected below $400m: RMS Catastrophe risk modeller RMS has said that insurance and reinsurance industry losses from hurricane Hermine are not expected to exceed $400 million. Lloyd's and LMA in deal to make ... Read the full article
Reinsurance News – Friday 9th September 2016
9th September 2016
Here’s your daily Reinsurance News for Friday 9th September 2016: Italy quake insured losses not expected to exceed EUR200m: S&P Global financial services rating agency S&P has announced that gross insurance industry losses from the recent earthquake that impacted part of Italy, are not expected to exceed €200 million. ... Read the full article
Reinsurance News – Thursday 8th September 2016
8th September 2016
Here’s your daily Reinsurance News for Thursday 8th September 2016: Too early to call the bottom for catastrophe reinsurance prices: Moody’s Analysts at Moody's Investors Service have said that despite signs of pricing pressures easing across the property catastrophe space, it's “too early to call the bottom” of the pricing ... Read the full article
Reinsurance News – Wednesday 7th September 2016
7th September 2016
Here’s your daily Reinsurance News for Wednesday 7th September 2016: Global reinsurance industry returns will continue to weaken: S&P Global reinsurance industry returns will likely fall further in the coming months as the softening reinsurance market cycle has persisted longer than many in the space had anticipated, according to ... Read the full article
Reinsurance News – Tuesday 6th September 2016
6th September 2016
Here’s your daily Reinsurance News for Tuesday 6th September 2016: Only the costliest catastrophe could turn reinsurance pricing: RBC RBC Capital Markets has said that only the costliest catastrophe event could turn reinsurance pricing, despite losses in the first-half of 2016 being above the long-term average. Lloyd's ... Read the full article
Reinsurance News – Monday 5th September 2016
5th September 2016
Here’s your daily Reinsurance News for Monday 5th September 2016: Hermine re/insurance loss estimated up to $500m by Karen Clark & Co Up to Friday evening hurricane Hermine is estimated to have caused an insurance and reinsurance industry loss approaching $500m, with economic loss approaching $1 billion, according to Karen ... Read the full article
Reinsurance News – Wednesday 31st August 2016
31st August 2016
Here’s your daily Reinsurance News for Wednesday 31st August 2016: 10% of Italy earthquake economic loss to be re/insured: A.M. Best Global ratings agency A.M. Best has estimated that roughly 10% of the total economic loss from the recent earthquake that struck Italy will be covered by insurers and ... Read the full article
Reinsurance News – Wednesday 24th August 2016
24th August 2016
Here’s your daily Reinsurance News for Wednesday 24th August 2016: M6.2 earthquake hits Umbria, Italy A magnitude 6.2 earthquake has struck the Umbria region of Italy overnight, with early reports stating that 10 lives have been lost and that there's widespread damage to buildings and structures. Italian earthquake ... Read the full article
Reinsurance News – Tuesday 23rd August 2016
23rd August 2016
Here’s your daily Reinsurance News for Tuesday 23rd August 2016: Asian regulatory developments could increase reinsurance demand: Fitch Global ratings agency Fitch Ratings has said that a variety of regulatory initiatives across Asia could result in an increased demand for reinsurance protection as companies look to improve risk management. Read the full article
Reinsurance News – Wednesday 10th August 2016
10th August 2016
Here’s your daily Reinsurance News for Wednesday 10th August 2016: Reinsurance margin attrition ongoing, but slowing: Munich Re Global reinsurer Munich Re has said that international reinsurance pricing and terms are stabilising, highlighting that while the attrition to reinsurance underwriting margins remains, this is at a slower pace than previously. Read the full article
Reinsurance News – Tuesday 9th August 2016
9th August 2016
Here’s your daily Reinsurance News for Tuesday 9th August 2016: Munich Re Q2 profit down to €974 million as nat cat losses rise Global reinsurer Munich Re has reported its second-quarter 2016 results, posting a consolidated profit of €974 million, down from the €1.075 billion reported a year earlier. ... Read the full article
Reinsurance News – Monday 8th August 2016
8th August 2016
Here’s your daily Reinsurance News for Monday 8th August 2016: Berkshire Hathaway reports $337 million re/insurance underwriting profit in Q2 Berkshire Hathaway has reported its second-quarter 2016 results, revealing that its insurance and reinsurance operations posted an underwriting profit of $337 million, up from the $38 million loss reported ... Read the full article
Reinsurance News – Friday 5th August 2016
5th August 2016
Here’s your daily Reinsurance News for Friday 5th August 2016: Supply far exceeding demand still in P&C reinsurance: Hannover Re Reinsurance giant Hannover Re has highlighted the ongoing supply/demand imbalance in the global reinsurance marketplace, citing continued market pressures. However, the reinsurer did note further evidence that a "bottoming out ... Read the full article