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.
Trump 2.0: How a potential 15% corporate tax and trade policies could reshape the re/insurance sector
6th November 2024
With Donald Trump's imminent return to the White House, re/insurers are now reconsidering the policies that shaped his first presidency and preparing for the potential impacts on the sector. Trump’s “America First” agenda is expected to re-emerge in full force, potentially influencing areas such as trade policy, tax reforms, climate regulations, ... Read the full article
Bay Harbor Re expands letter of credit facility to $150m
6th November 2024
Bay Harbor Reinsurance Company, a reinsurer focused on the US Property and Casualty program marketplace, has announced the expansion of its letter of credit facility to $150 million with Comerica Bank. This increase highlights the company's financial stability and ongoing commitment to providing long-lasting, bespoke solutions that cater to the unique ... Read the full article
IQUW expands FortiFI coverage to the Australian market with new territory-specific wording
5th November 2024
Re/insurance provider IQUW has announced that its Financial Institutions (FI) product, FortiFI, will introduce updated policy terms tailored for the Australian market by the end of October 2024. Originally launched in the US earlier this year, FortiFI is among the few comprehensive FI solutions available that includes integrated Cyber coverage. This new ... Read the full article
Potential end of low protest activity in Latin America, says Chaucer
4th November 2024
According to Chaucer, a specialty re/insurance group, the current period of significantly low political protests and demonstrations in Latin America may be coming to an end. Data indicates that the number of protests in the region decreased by 26.3% over the past year, dropping from 28,000 to 20,690 between April 30, ... Read the full article
Cyber insurance and natural disasters fuel growth in Asia-Pacific’s insurance sector: Gallagher Re
31st October 2024
With the Asia-Pacific region’s contribution to global GDP increasing, it is positioned to play a vital role in driving growth within the global insurance industry, according to the latest APAC Market Report from Gallagher Re, a reinsurance broker. This report provides insights into the diverse insurance landscapes across the Asia-Pacific, where ... Read the full article
Fannie Mae’s $338.6m credit insurance risk transfer with 26 re/insurers
25th October 2024
Fannie Mae, a government-sponsored enterprise (GSE), has announced that 26 re/insurers are supporting its seventh Credit Insurance Risk Transfer transaction of the year, CIRT 2024-L4, which effectively transferred $338.6 million in mortgage credit risk. This transaction allows for faster release of coverage under updated terms if the covered loan pool performs ... Read the full article
Retention levels to remain stable despite demand: MAPFRE RE’s Meyerhoff
25th October 2024
Amid growing demand for reinsurance capacity, clients have shown interest in buying lower down to go back to past retention levels, MAPFRE RE's Mark Meyerhoff has observed, yet this is not something he sees happening, instead he anticipates stable retention levels at the upcoming renewals. Around the Baden-Baden conference, MAPFRE RE's ... Read the full article
P&I clubs expected to raise rates by 5% amid rising claims in 2025: S&P
25th October 2024
S&P Global Ratings, a provider of credit ratings, research, and analytics, forecasts that most Protection and Indemnity (P&I) clubs will achieve near-breakeven results for the financial year ending February 20, 2025. The 12 P&I clubs in the International Group (IG), which collectively underwrite approximately 90% of the global oceangoing fleet's liability ... Read the full article
Cyber insurers could cut loss ratios by 16% by excluding high-risk entities: Gallagher Re
22nd October 2024
A recent study by Gallagher Re, a global reinsurance broker, analysed Bitsight's security performance data from 62,000 organisations across 67 countries, along with Gallagher Re's proprietary data on cybersecurity incidents and claims. The research revealed that poor performance in specific areas increased the likelihood of a cybersecurity incident and subsequent claim, ... Read the full article
FERMA Forum 2024 calls for a transformative approach to risk management
21st October 2024
FERMA, the Federation of European Risk Management Associations, represents the interests of risk managers across Europe, and in her opening speech at the FERMA Forum in Madrid, President Charlotte Hedemark urged them to adapt, improve, and innovate to tackle the fast-changing risk environment. In her address at the FERMA Forum 2024, ... Read the full article
Rising uncertainty drives demand for re/insurance in Europe: Swiss Re
16th October 2024
Demand for re/insurance is up as the world experiences increasing uncertainty, and this volatile environment and elevated risk landscape creates both challenges and opportunities for insurers and reinsurers in Europe, said Swiss Re’s Leopoldo Camara ahead of this year's Baden-Baden. The current uncertain environment increases the need for dependable risk assessment, ... Read the full article
Markel names Stacey Hinton Senior Underwriter and Head of Jewellers Block, Specie
16th October 2024
Markel Group Inc., a reinsurance company, has announced the appointment of Stacey Hinton as Senior Underwriter, Head of Jewellers Block, Specie. In her new position, Hinton will focus on enhancing the profitability of Markel's international Jewellers Block portfolio while building and nurturing relationships with brokers and clients. She will collaborate closely with ... Read the full article
Price Forbes Re names Colin Kelley as Chief Commercial Officer
14th October 2024
Price Forbes Re, an independent reinsurance broker, is excited to announce the appointment of Colin Kelley as its new Chief Commercial Officer (CCO), a role specifically created to support the company's expansion. In this position, Kelley will collaborate closely with the insurance, reinsurance, and capital markets teams to craft tailored solutions ... Read the full article
Hurricane Milton may drive up property cat reinsurance prices: KBW
10th October 2024
Hurricane Milton can still drive property catastrophe reinsurance prices higher at January 1 renewals, but perhaps only at a low pace, analysts at Keefe, Bruyette & Woods (KBW) suggest. Late last night Hurricane Milton made landfall as a Category 3 hurricane in Siesta Key near Sarasota, about 70 miles south of ... Read the full article
WTW report highlights stability in North American commercial insurance rates
9th October 2024
According to the latest Insurance Marketplace Realities report from WTW, an advisory, broking, and solutions firm, commercial insurance rates have maintained steadiness and balance throughout the year across North America. WTW notes that new capital entering both the reinsurance and retail markets has intensified competition for premium market share, except in ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
