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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 – Friday 2nd September 2016

2nd September 2016

Here’s your daily Reinsurance News for Friday 2nd September 2016: Reinsurance is on the edge of profitability There's an expectation that a normalised year for catastrophe losses could see some reinsurers begin to report unprofitability, as the series of market headwinds persists. Tokio Marine in talks to ... Read the full article

Reinsurance News – Thursday 1st September 2016

1st September 2016

Here’s your daily Reinsurance News for Thursday 1st September 2016: Hermine forecast to break Florida’s hurricane drought Tropical depression 9 has now reached tropical storm status and been named tropical storm Hermine. The storm is tracking towards Florida and expected to intensify to hurricane strength before making landfall, breaking ... 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 – Tuesday 30th August 2016

30th August 2016

Here’s your daily Reinsurance News for Tuesday 30th August 2016: “Steep decline” in reinsurance operating results in H1 2016: Fitch Ratings agency Fitch has noted that reinsurers' operating results saw a steep decline in the first-half of 2016, as return on average common equity (ROAE) fell by 36% on ... Read the full article

Reinsurance News – Monday 29th August 2016

29th August 2016

Here’s your daily Reinsurance News for Monday 29th August 2016: Up to EUR200m earthquake loss for Italian insurers, estimates Fitch Global ratings agency Fitch has estimated that Italian insurers will face a loss of between €100 million and €200 million from the recent earthquake, and that reinsurance will pay for ... Read the full article

Reinsurance News – Friday 26th August 2016

26th August 2016

Here’s your daily Reinsurance News for Friday 26th August 2016: Italy earthquake could cause $11bn economic loss: Report The Italian Civil Protection Department has provided an early estimate for losses from the recent earthquake that devastated part of Italy, saying that it could result in an economic loss of roughly ... Read the full article

Reinsurance News – Thursday 25th August 2016

25th August 2016

Here’s your daily Reinsurance News for Thursday 25th August 2016: Capital inflows to hurt post-event profit of London re/insurers: A.M. Best The highly competitive insurance and reinsurance marketplace suggests that London market players' post-event profit surge is under threat, according to A.M. Best. U.S. cyber insurance premiums reached ... 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 – Monday 22nd August 2016

22nd August 2016

Here’s your daily Reinsurance News for Monday 22nd August 2016: Canada Life International Re grows profits and seeks acquisition of Irish reinsurer Dublin domiciled reinsurer Canada Life International Re reported a 47% increase in after-tax profit to €165 million last year. The company also announced that it's working on ... Read the full article

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