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Reinsurance News – Tuesday 24th January 2017

24th January 2017

Here’s your daily Reinsurance News for Tuesday 24th January 2017: AIG deal big enough to risk Berkshire underwriting profit: Credit Suisse The recently announced adverse development reinsurance agreement between Berkshire Hathaway and AIG is big enough to jeopardise underwriting profit in Warren Buffett's P&C business, warns Credit Suisse. Re/insurers ... Read the full article

Reinsurance News – Monday 23rd January 2017

23rd January 2017

Here’s your daily Reinsurance News for Monday 23rd January 2017: Swiss Re gets India reinsurance branch license Reinsurance giant Swiss Re has announced that it will open its new branch in India effective February 1st, 2017, after receiving final approval from the regulator. The reinsurer has also announced that Kalpana Sampat ... Read the full article

Reinsurance News – Wednesday 18th January 2017

18th January 2017

Here’s your daily Reinsurance News for Wednesday 18th January 2017: Global insured catastrophe losses rise to $54 billion in 2016: Aon Insured catastrophe losses in 2016 totalled $54 billion according to reinsurance broker Aon Benfield, and was driven by earthquakes, flooding, severe weather, and tropical cyclones. Industry ... Read the full article

Business Interruption remains top on list of threats; Allianz

11th January 2017

Business Interruption (BI), exacerbated by the growing threat from supplier failure, cyber incidents and terrorist events, remains the top perceived global insurance risk, according to a survey by Allianz Global Corporate & Specialty (AGCS). After a year of shocks and political perils, companies greatly fear the rising protectionism and anti-globalisation trend, ... Read the full article

China remains top priority for Lloyd’s re/insurance market growth

9th January 2017

Lloyd’s of London chairman John Nelson told China Daily that China is the most important market for its long-term growth. With dark clouds brewing on the insurance and reinsurance market horizon, in what Nelson describes as a ‘perfect storm’; low interest rates and excessive capital driving down investment returns and premiums ... Read the full article

Reinsurance News – Wednesday 14th December 2016

14th December 2016

Here’s your daily Reinsurance News for Wednesday 14th December 2016: Current year underwriting not profitable at Lloyd’s: Beale & Nelson Inga Beale and John Nelson, the CEO and Chairman of the specialist Lloyd's of London insurance and reinsurance marketplace, have said that current accident year underwriting in the market isn't profitable. Read the full article

Reinsurance News – Friday 2nd December 2016

2nd December 2016

Here’s your daily Reinsurance News for Friday 2nd December 2016: Krefta to become CEO of Hiscox Bermuda, Hiscox Re & ILS Insurer and reinsurer Hiscox has announced that Jeremy Pinchin is to return to London, and leave his position as CEO of Hiscox Bermuda and CEO of Hiscox Re and ... Read the full article

Reinsurance News – Friday 25th November 2016

25th November 2016

Here’s your daily Reinsurance News for Friday 25th November 2016: Protectionism hurts ability to close insurance coverage gap: Swiss Re Reinsurance giant Swiss Re recently highlighted how protectionist practices are having a detrimental impact on the ability of global insurers and reinsurers to close the protection gap. Pool ... Read the full article

Reinsurance News – Wednesday 23rd November 2016

23rd November 2016

Here’s your daily Reinsurance News for Wednesday 23rd November 2016: Re/insurance headwinds to persist, but growth expected in 2017: Swiss Re Headwinds in the global insurance and reinsurance industry are expected to persist in 2017, but growth in both emerging and advanced markets is also expected, according to reinsurance ... Read the full article

Reinsurance News – Wednesday 9th November 2016

9th November 2016

Here’s your daily Reinsurance News for Wednesday 9th November 2016: Low cat losses helps Munich Re's operating profit rise in Q3 Reinsurance giant Munich Re has released its Q3 results, posting a net income of €684 million, and €2.1 billion for the first nine months of the year. Low ... Read the full article

Reinsurance News – Friday 4th November 2016

4th November 2016

Here’s your daily Reinsurance News for Friday 4th November 2016: IAG adding to NZ quake reinsurance reflects ongoing loss creep It's been revealed that IAG New Zealand has extended its reinsurance cover to help pay for claims from the Canterbury quakes, purchasing $900 million of adverse development cover. Read the full article

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 – 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 – Tuesday 26th July 2016

26th July 2016

Here’s your daily Reinsurance News for Tuesday 26th July 2016: Reinsurance losses may be sufficient to install pricing floor: Macquarie Analysts at Macquarie have said that global catastrophe losses sustained in the second-quarter of 2016 might be enough to establish a pricing floor at the January 2017 renewal. ... Read the full article

Reinsurance News – Thursday 21st July 2016

21st July 2016

Here’s your daily Reinsurance News for Thursday 21st July 2016: $30 billion of insured losses in H1 from nat cats, highest since 2011 Reinsurance broker Aon Benfield has revealed that global catastrophes in the first-half of 2016 caused an insurance industry loss of $30 billion, and a global economic ... Read the full article