Reinsurance News

A.M. Best news

News featuring rating agency A.M. Best, including the latest reports, rating actions and analysis from the company, as well as news on A.M. Best’s analysis of the reinsurance sector.

Challenges and opportunities for insurtech start-ups: A.M. Best

20th January 2017

After witnessing the fintech revolution transform the finance world, re/insurers are moving quickly to invest in insurtech start-ups - a technological revolution pushed by tough market conditions and pulled forwards by massive possibilities. The huge influx of capital means carriers are coming under increasing pressure to find more ... Read the full article

Brexit uncertainty to challenge UK re/insurers: A.M. Best

20th January 2017

International rating agency A.M. Best has again discussed the UK's vote to leave the EU following British Prime Minister, Theresa May's 12-point Brexit speech. A.M. Best said that while it doesn't anticipate any rating actions, broad uncertainty makes it challenging for the London and broader UK insurance and reinsurance marketplace. Despite ... Read the full article

Reinsurers tighten Gulf property terms in wake of skyscraper fires: A.M. Best

18th January 2017

Reinsurance companies have tightened terms and conditions, as well as increase their commission rates, on residential and commercial property risks in the Gulf and Middle East region in the wake of a number of fires in high-rise buildings, according to A.M. Best. Reinsurers had already introduced stricter terms and conditions across ... Read the full article

Rating agency & regulatory changes to increase reinsurance demand: Aon

11th January 2017

Recent developments with rating agency criteria, and regulatory changes across the world has resulted in a narrowing of the gap between differing capital requirements for reinsurers, which is expected to increase demand for reinsurance protection in the near future, according to Aon Benfield. Reinsurance brokerage Aon Benfield, in a recent Reinsurance Market ... Read the full article

Operating landscape a new reality for reinsurers: A.M. Best

11th January 2017

Global reinsurance companies are faced with a new market reality of lower returns and increased dependency on underwriting for profits, explains ratings agency A.M. Best. The softened reinsurance landscape has persisted for some time now, and reinsurers are finding it increasingly difficult to achieve the kind of returns on their underwriting ... Read the full article

Intense market competition pushes reinsurers towards M&A: A.M. Best

10th January 2017

Ratings agency A.M. Best said in a recent report that intense market competition in reinsurance is ramping up the need for merger and acquisition (M&A) activity. Market conditions appear to be stabilising, in terms of reinsurance pricing as seen at the recent January renewals, but quality of earnings are under ... Read the full article

Convergence growth takes overall reinsurance capacity to $420bn: A.M. Best

10th January 2017

International ratings agency A.M. Best has said that total, dedicated reinsurance capacity is estimated to reach $420 billion for 2016, growth of 5% from the previous year, and helped by the continued expansion of the convergence space. According to a recent A.M. Best reinsurance market briefing overall, dedicated reinsurance capacity will likely see growth ... Read the full article

CCR Re begins operations

9th January 2017

French reinsurer Caisse Centrale de Reassurance (CCR) today revealed that its state-backed subsidiary, CCR Re, is fully funded and commenced operations from the 1st of January, 2017. The subsidiary was established from January 1st with treaty renewals and the transfer of CCR’s open market portfolio. Chairman and Chief Executive Officer (CEO) of CCR ... Read the full article

Reinsurance price declines moderated at 1/1 2017 renewals: Guy Carpenter

5th January 2017

Reinsurance price declines moderated at the key January 1st 2017 renewals when compared with the previous three renewal seasons, across the majority of business lines and geographies, according to reinsurance broker Guy Carpenter. The global reinsurance sector remains under significant pressure from a series of headwinds, underlined by a continuation of ... Read the full article

Opportunity for reinsurers to assist Southeast Asian insurer development

28th December 2016

International ratings agency A.M. Best, in a new report, has highlighted the opportunity for global reinsurers to help Southeast Asian insurance companies evolve and develop new solutions. The A.M. Best report notes that insurance companies across Southeast Asia are looking to develop new solutions and expand outside of the traditional commercial ... Read the full article

A.M. Best maintains stable outlook for U.S. life reinsurance market

13th December 2016

International financial services ratings agency, A.M. Best, has maintained its stable outlook for the U.S. life reinsurance marketplace, in spite of the company recently revising its outlook on the U.S. life/annuity industry to negative, and maintaining its negative outlook on the global reinsurance market. A recent A.M. Best briefing on ... Read the full article