Reinsurance News
Reinsurance News
Reinsurance industry news, analysis, insight and interviews.
Reinsurance market news coverage provided everyday, on the top reinsurers and insurers, covering news topics of relevance to the reinsurance sector, as well as commercial and specialty insurance.
Favorable reinsurance market conditions to continue despite being past the ‘super cycle’ peak: Autonomous
16th January 2025
The re/insurance market is experiencing a shift, with the peak of the current "super cycle" now behind. Yet, while it is believed it will continue a moderate decline, optimism remains about continued favourable conditions, Autonomous stated in a recent report. This cycle appears to be very different to prior ones, analysts ... Read the full article
Global reinsurer profitability to remain strong in 2025 despite price reductions, says Fitch
15th January 2025
Fitch Ratings, a provider of credit ratings, research, and risk analysis, has forecasted that global reinsurers' profitability will remain strong in 2025, despite lower risk-adjusted prices for most business lines during the January 1st reinsurance contract renewals. These price reductions are attributed to an abundance of capital in the market and ... Read the full article
Polo Insurance Managers launches new Guernsey reinsurer Clockwork Re
15th January 2025
PoloWorks group expands its insurance offerings with the launch of Clockwork Re, a Category 4 Commercial General Reinsurer established in Guernsey by its subsidiary, Polo Insurance Managers (PIM). Founded by Dhruv Patel, Clockwork Re has now been granted regulatory approval from the Guernsey Financial Services Commission (GFSC). The company aims to capitalise ... Read the full article
Billions in insurance losses expected from LA wildfires, Moody’s reports
13th January 2025
Wildfires currently affecting the Los Angeles area are expected to lead to significant financial losses for insurers, according to Moody's Ratings, a provider of credit ratings, research, and risk analysis. As of January 9, 2025, the Palisades and Eaton fires remain uncontained, causing property damage and evacuations. The ... Read the full article
Reinsurance getting more competitive as capital levels rise, says Evercore
10th January 2025
According to Evercore's reinsurance renewals report, growth in dedicated reinsurance capital is expected to outstrip growth in demand, resulting in pressure being put on property catastrophe pricing that will likely accelerate throughout 2025. The firm noted that capital levels continue to increase and have reached new heights in 2024. Readers may ... Read the full article
Saudi Re opens subscription for capital increase
27th December 2024
Saudi Reinsurance Company (Saudi Re) has commenced its subscription period for a capital increase, running from December 26th to 30th. The offering comprises 26,730,000 new ordinary shares, which represent 30% of the company’s current capital, with a nominal value of SAR 10 per share (around USD 2.6). This move follows the ... Read the full article
Doha Insurance receives approval to open reinsurance arm in India
27th December 2024
Doha Insurance Group (DIG), a provider of insurance and reinsurance solutions in the Middle East and North Africa region, has revealed plans to open a reinsurance branch in the Republic of India. The insurer has obtained the approval of the Qatar Central Bank to open a branch in Gujarat International Financial ... Read the full article
10-year Bund yield could rise 130 basis points by 2027 amid increased public spending, reports Swiss Re
24th December 2024
Loïc Lanci, Arnaud Vanolli, and Gioele Giussani, economists at Swiss Re Institute, a leading global reinsurer known for its expertise in risk management and insurance solutions, discuss the potential disruption to Europe's fiscal consolidation efforts due to geopolitical tensions and growth challenges in their December 2024 report. The authors argue that ... Read the full article
KBW remains confident in Bermuda’s reinsurance outlook despite tax uncertainty
20th December 2024
Despite some near-term uncertainties surrounding tax regulations, Keefe, Bruyette & Woods analysts remain optimistic about the Bermuda reinsurance market and maintain their outperform ratings on several leading reinsurers. This conclusion was achieved following the semi-annual Bermuda Tour, where KBW analysts met with reinsurance executives to discuss market conditions and outlook. From their ... Read the full article
DARAG concludes sale of North American and Bermuda operations to RiverStone Group
20th December 2024
DARAG Group, a legacy acquirer specialising in the European market, has officially completed the transfer of its North American and Bermuda operations to RiverStone Group, after obtaining the necessary regulatory approval. This transaction, originally announced earlier this year, is expected to streamline DARAG's operations and enable the company ... Read the full article
Lloyd’s welcomes UK Government’s Industrial Strategy Advisory Council for inaugural meeting
18th December 2024
Lloyd’s, a marketplace for insurance and reinsurance, recently hosted the inaugural meeting of the UK Government’s Industrial Strategy Advisory Council (ISAC) at its headquarters in London. The meeting brought together UK Chancellor of the Exchequer Rachel Reeves and Secretary of State for Business and Trade Jonathan Reynolds at the historic Lloyd’s ... Read the full article
Phoenix grows P&C business with LPT reinsurance deal
18th December 2024
Phoenix Financial Ltd., an Israel-based financial, insurance, and investment group, announced a key Loss Portfolio Transfer (LPT) reinsurance agreement with Ayalon Insurance Company Ltd. The move supports the group's strategic expansion of its Property and Casualty (P&C) insurance operations. Ayalon Insurance will transfer 75% of its outstanding employer and third-party liability claims ... Read the full article
IFRS 17 presents a number of challenges for re/insurers, poll reveals
17th December 2024
International Financial Reporting Standards (IFRS) 17 introduced a new way of financial reporting for insurers and reinsurers, fundamentally changing how they recognise and measure insurance contracts. While this new standard promises greater transparency and comparability, it has also presented a significant challenge for industry participants. In a recent poll, Reinsurance News asked ... Read the full article
McGill and Partners joins Warburg Pincus’ inaugural multi-asset continuation fund
17th December 2024
McGill and Partners, the independent specialty insurance and reinsurance broker, has been chosen by Warburg Pincus, a global private equity firm, to join its inaugural multi-asset continuation fund. Warburg Pincus, which played a key role in McGill and Partners’ establishment as a cornerstone investor in 2019, has created this new fund, ... Read the full article
Maiden reveals sale of Swedish subsidiaries to network of international re/insurers
17th December 2024
Maiden Holdings, Ltd., a provider of insurance and reinsurance services, recently announced that it has reached an agreement to sell its Swedish subsidiaries, Maiden General Försäkrings and Maiden Life Försäkrings, to a growing network of international insurance and reinsurance companies based in London. These subsidiaries were key components of Maiden’s International ... Read the full article
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