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.
Reinsurance capacity crunch threatens growth in financial risks sector, says Howden Re
5th September 2024
James Loggie, Managing Director of Howden Re Financial Risks, emphasises a critical need for growth in the reinsurance market to match rising demand. Despite the stability and strong performance of the financial risks sector post-pandemic, the reinsurance market faces urgent pressure to expand. In a recent interview with Reinsurance News around ... Read the full article
Global reinsurers to maintain stringent T&Cs to limit exposure to secondary perils: Fitch
4th September 2024
According to analysts at Fitch Ratings, global reinsurers are likely to maintain stringent terms and conditions to limit their exposure to secondary perils "as weather-related losses become increasingly significant and volatile due to climate change." The agency stated that the tightening of terms and conditions for natural catastrophe cover is a ... Read the full article
Munich Re & Swiss Re remain the world’s largest reinsurers
3rd September 2024
Reinsurance giant's Munich Re and Swiss Re remain the two largest global reinsurers across the globe according to data from ratings agency AM Best. In prior years, the agency ranked the top 50 global reinsurers in a single list, but now, with the adoption of IFRS 17, the ... Read the full article
Higher prices and tighter policy terms drives positive reinsurance sector outlook: Moody’s
3rd September 2024
A combination of higher prices and tighter policy terms, supported by favourable risk/return dynamics and healthy investment income, are among the key drivers supporting the global reinsurance industry, as Moody's outlook for the sector has been revised to positive. In a new Moody's report, analysts highlighted that property reinsurers have raised ... Read the full article
Miller strengthens Sports and Entertainment business presence in Asia with key appointment
2nd September 2024
Miller, an independent specialist in (re)insurance broking has appointed Siva Krishnan as Head of Sports and Entertainment, Asia, as the firm expands its Sports and Entertainment business into the Asia-Pacific region. With over 25 years of experience in the sports industry, Siva has spent the last three years as an independent ... Read the full article
CatX eyes expansion with appointment of Jon Wood as Head of Origination
2nd September 2024
CatX, the digital marketplace that connects re/insurers and brokers with alternative capital, has appointed industry leader Jon Wood as Head of Origination. The hire affirms the company’s commitment to broadening market reach ahead of the January renewals, as it targets a significant increase in transaction volume particularly in parametric, industry loss ... Read the full article
RGA and American National Insurance announce $3.5bn coinsurance agreement
27th August 2024
Reinsurance Group of America (RGA), a provider of life and health reinsurance, has announced it has finalised a deal with American National Insurance Company, a provider of insurance and financial services, and its affiliates to reinsure a varied portfolio of life insurance business through a coinsurance arrangement. As part of the ... Read the full article
Swiss Re reveals new advanced tool for evaluating coronary artery disease risk
27th August 2024
Swiss Re, a global reinsurer, has introduced an upgrade to its Life Guide underwriting manual, specifically enhancing the coronary artery disease (CAD) calculator. This advanced tool is now available to more than 25,000 Life Guide users across 800 companies in 100 countries. The enhanced CAD calculator is designed to simplify the underwriting ... Read the full article
Reinsurance market will continue to thrive with dedicated capital poised to increase: AM Best
23rd August 2024
Total dedicated reinsurance capital went up by 7% in 2023 to $568 billion, and an even larger increase is projected for 2024 of up to $625 billion, according to a recent report by credit rating agency, AM Best. The report revealed that traditional reinsurance capital increased 14% year over year, by ... Read the full article
Compre completes $150m legacy reinsurance transaction with Accelerant
22nd August 2024
Compre Group Holdings Limited, a reinsurance group based in Bermuda, announced the completion of a legacy reinsurance transaction with Accelerant, a data-driven risk exchange. This transaction received approval from the Bermuda Monetary Authority. Underwritten by Compre’s Bermuda-based reinsurer, Pallas Reinsurance Company Ltd., the deal provides approximately $150 million in coverage for ... Read the full article
Pool Re selects Aon Securities & Howden Capital Markets for ILS advisory contract
22nd August 2024
Pool Re, a UK terrorism reinsurer, announces that following a competitive tender process, it has selected Aon Securities Limited and Howden Capital Markets and Advisory for an insurance-linked securities (ILS) advisory contract. Previously, Pool Re has secured reinsurance protection through catastrophe bonds, successfully raising a total of £175 million in ILS ... Read the full article
Marsh launches $50m port blockage insurance facility following Baltimore Bridge collapse
20th August 2024
Marsh, the insurance broker, risk advisor and a subsidiary of Marsh McLennan, is launching a first-of-its-kind $50 million port blockage insurance facility, covering shipping ports and terminals globally. Following the collapse of the Francis Scott Key Bridge and subsequent disruption at the Port of Baltimore, Marsh created this insurance facility. It is ... Read the full article
Freddie Mac’s Single-Family CRT Program completes its 100th transaction
20th August 2024
Freddie Mac’s Single-Family Credit Risk Transfer (CRT) Program has successfully closed its 100th Agency Credit Insurance Structure (ACIS) transaction. This ACIS 2024-SPH2 transaction executed in Q3 transfers risk on an initial reference pool of fully amortising, 20-30 year fixed-rate first lien mortgages with original LTVs greater than 80% and less than ... Read the full article
Cautious capital deployment contributes to discipline: AM Best
16th August 2024
A cautious deployment of capital has contributed to reinsurance discipline, AM Best analysts have highlighted, as they continue to observe the lack of new entrants in the market that typically feature in previous hard cycles. “Historical underperformance, a riskier environment that is more difficult to model and price and, most importantly, ... Read the full article
ATL appoints Álvaro Mier as joint COO and CFO to strengthen leadership team
16th August 2024
ATL, a broker specialising in commercial (re)insurance solutions, has strengthened its leadership team by appointing Álvaro Mier as joint Chief Operating Officer and Chief Financial Officer. Mier brings over 15 years of experience in global financial services, having most recently held the dual roles of CFO and COO at Riddle&Code, an ... Read the full article
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