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Reinsurance News – Thursday 3rd November 2016
3rd November 2016
Here’s your daily Reinsurance News for Thursday 3rd November 2016: 9 month 2016 net income down by $700 million at Swiss Re, combined ratio up Reinsurance giant Swiss Re has reported its results for the first nine months of the year, posting a net income of $3 billion, compared with ... Read the full article
Reinsurance News – Wednesday 2nd November 2016
2nd November 2016
Here’s your daily Reinsurance News for Wednesday 2nd November 2016: New Zealand quake settled insurance claims tally hits $19bn The Insurance Council of New Zealand has reported that claims paid by private insurers in relation to the Canterbury earthquakes have now hit $19 billion, highlighting the longer-tail nature of some ... Read the full article
Reinsurance News – Tuesday 1st November 2016
1st November 2016
Here’s your daily Reinsurance News for Tuesday 1st November 2016: Frankland joins Aon Benfield from Guy Carpenter Reinsurance broker Aon Benfield has announced the appointment of Nick Frankland as CEO of its UK business. Frankland joins the firm from broker Guy Carpenter, and will be responsible for driving the firm's ... Read the full article
Reinsurance News – Monday 31st October 2016
31st October 2016
Here’s your daily Reinsurance News for Monday 31st October 2016: Aon reports 4% organic revenue growth in Q3 Aon has reported its third-quarter 2016 results, revealing that revenue was flat at $2.7 billion, while the firm reported organic revenue growth of 4%. The firm's reinsurance unit, Aon Benfield, recorded organic ... Read the full article
Reinsurance News – Thursday 27th October 2016
27th October 2016
Here’s your daily Reinsurance News for Thursday 27th October 2016: Q3 operating income down for PartnerRe Reinsurer PartnerRe has reported its Q3 2016 results, posting a net income of $240.3 million and operating earnings of $185 million, declining on Q3 2015's figure. XL Group makes senior management changes ... Read the full article
Reinsurance News – Tuesday 25th October 2016
25th October 2016
Here’s your daily Reinsurance News for Tuesday 25th October 2016: Additional reinsurance demand seen for January renewal – Hannover Re Reinsurance giant Hannover Re has said there is likely to be some additional demand for reinsurance capacity from European and German cedants at the key January 1st reinsurance renewal. Read the full article
Reinsurance News – Tuesday 18th October 2016
18th October 2016
Here’s your daily Reinsurance News for Tuesday 18th October 2016: Reinsurer combined ratios, RoEs to deteriorate further in 2017: Fitch The combined ratios and RoEs of reinsurers are expected to deteriorate further in the coming months, as a return to more normalised losses exacerbates the softening landscape, says Fitch ... Read the full article
Reinsurance News – Thursday 13th October 2016
13th October 2016
Here’s your daily Reinsurance News for Thursday 13th October 2016: Hurricane Nicole intensifies to Cat 4, still targets Bermuda Hurricane Nicole has now intensified into a Category 4 storm, as expected, with sustained winds of 130mph and higher gusts, and continues to track towards to Bermuda. Understanding ... Read the full article
Reinsurance News – Wednesday 12th October 2016
12th October 2016
Here’s your daily Reinsurance News for Wednesday 12th October 2016: Alternative capital could fill capacity gaps left by reinsurance M&A: Fitch In the event of an increased volume of M&A activity in the reinsurance industry and any resulting capacity void, Fitch Ratings feels alternative reinsurance capital could expand and ... Read the full article
Reinsurance News – Tuesday 4th October 2016
4th October 2016
Here’s your daily Reinsurance News for Tuesday 4th October 2016: Florida, U.S. east coast now face risk of hurricane Matthew landfall Hurricane Matthew is now a severe threat to Haiti, Cuba and the Bahamas, with winds of 145mph, but updates continue to see the storm tracking closer to Florida, ... Read the full article
Reinsurance News – Thursday 29th September 2016
29th September 2016
Here’s your daily Reinsurance News for Thursday 29th September 2016: CEA policy uptake rises, more risk transfer will be required: Pomeroy The California Earthquake Association (CEA) has reported a substantial increase in policy uptake in 2016, which suggests that more reinsurance is likely to be needed in the future. Read the full article
Reinsurance News – Wednesday 28th September 2016
28th September 2016
Here’s your daily Reinsurance News for Wednesday 28th September 2016: E&S market to come under pressure, as reinsurers hunt returns: Fitch Fitch Ratings has warned that the U.S. excess and surplus (E&S) insurance market could come under increasing pressure, as reinsurers look to enter the space in an effort ... Read the full article
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 – Thursday 22nd September 2016
22nd September 2016
Here’s your daily Reinsurance News for Thursday 22nd September 2016: H1 profits at Lloyd's increase to £1.46 billion The specialist Lloyd's of London insurance and reinsurance marketplace, has reported profit of £1.46 billion for the first-half of the year, compared with £1.2 billion a year earlier. However, the market's combined ... Read the full article
Reinsurance News – Friday 16th September 2016
16th September 2016
Here’s your daily Reinsurance News for Friday 16th September 2016: Bottom of the soft market is very close, or already here: Swiss Re CUO The bottom of the softening reinsurance cycle is either very close, or is already here, explained Swiss Re's CUO Matthias Weber at the 2016 Monte ... Read the full article