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 industry faces uncertain future despite impressive returns: BCG
14th September 2023
Reinsurance companies have delivered outstanding returns to shareholders over the past five and ten years, outperforming not only the broader insurance industry but also many other sectors, including oil and gas, according to a BCG report. The annual total shareholder returns (TSR) for reinsurance averaged 10% and 12.2% for the past ... Read the full article
Being ‘multidisciplinary’ is key for ICW Re: Mirek Wieczorek
13th September 2023
Mirek Wieczorek, Head of Reinsurance at ICW Group Insurance Companies, has emphasized the company's versatile capabilities, describing it as "multidisciplinary" and well-prepared to thrive not only in conventional traditional markets but also in the realm of less traditional, customized, bespoke programs. In an interview with Reinsurance News, Wieczorek highlighted ICW Re's ... Read the full article
Reinsurance industry navigates changing landscape of alternative capital and cat bonds: Goldman Sachs
13th September 2023
Goldman Sachs, a prominent player in the financial industry, has offered insights into the evolving landscape of reinsurance structures, which are seeing primary retentions shift higher, and the growing interest in alternative capital funding, signifying significant changes in the reinsurance market. One key trend identified by Goldman Sachs is the shift ... Read the full article
Global tensions and inflation impact marine and energy reinsurance market: Guy Carpenter
12th September 2023
In a recent assessment of the Marine and Energy reinsurance market, Guy Carpenter, a leading global risk and reinsurance specialist, has highlighted key market trends and challenges that are reshaping the industry. The ongoing Russia-Ukraine conflict is presenting formidable challenges for the energy market. Global sanctions have led to a reduction ... Read the full article
Guy Carpenter highlights changes in specialty reinsurance markets
11th September 2023
Reinsurance broker Guy Carpenter has shed light on significant shifts in the supply and demand dynamics within the specialty reinsurance sector, encompassing non-marine, marine & energy, aviation & aerospace, and trade credit, bond & political risk segments. These observations are expected to influence renewal placement negotiations in the months ahead, the ... Read the full article
Exclusions are not the solution: Thierry Léger, CEO, SCOR
11th September 2023
Speaking this morning in Monte Carlo at the annual PwC hosted breakfast of the Rendez-Vous event, Thierry Léger, the new CEO of French reinsurer SCOR, explained that the industry faces a problem of insurability that is only becoming more complex. Léger said that there are numerous areas of challenge and complexity ... Read the full article
Strong first half results for Bermuda reinsurers driven by higher pricing & investment income: Moody’s
8th September 2023
Bermuda reinsurers have reported robust financial results for the first half of 2023, driven by strong underwriting performance and investment returns, with increased pricing in the reinsurance market and higher investment income identified as key contributing factors, according to Moody's. During the first half of 2023, Bermuda reinsurers achieved an average ... Read the full article
Fitch forecasts surge in reinsurance capital to lead to rate softening by 2025
8th September 2023
In a recent report, Fitch Ratings anticipates a significant surge in capital availability within the global reinsurance industry, a trend that is expected to culminate in a softening of rates by the year 2025. According to Fitch, traditional reinsurance capital is poised to see an uptick in availability throughout 2023 and ... Read the full article
Reinsurance market gears up for sustainable growth ahead of Jan 1 renewals: Aon
7th September 2023
In a promising turn of events, the global reinsurance market is poised for a more orderly and predictable renewal season ahead of January 1, 2024. Aon's Reinsurance Renewal Season 2023 report highlights the positive outlook, citing a strengthening of relationships and a balanced supply and demand scenario, all bolstered by the ... Read the full article
Strong underwriting growth for US & Bermuda reinsurers despite investment challenges: AM Best
31st August 2023
In a recent report by AM Best, the composite of US and Bermuda reinsurers has showcased impressive growth in underwriting performance, despite facing challenges from investment losses. The report highlights the key trends and projections for the composite's financial landscape. During 2022, the composite experienced a significant boost in net premiums ... Read the full article
Stronger earnings and improved resilience for the 4 largest European reinsurers in 2023: Moody’s
30th August 2023
A strong full-year 2023 of earnings is predicted for Munich Re, Swiss Re, Hannover Re and SCOR as they see stronger earnings in the first half of the year with improved resilience despite inflation and natural catastrophes, Moody’s analysts have revealed. The four largest European reinsurers reported combined net results of ... Read the full article
Meeting cost of capital still challenging for some reinsurers: AM Best
29th August 2023
Reinsurers must remain responsive to market conditions and balance short-term opportunistic-moves with strategic long-term goals and sound risk management, in order to meet or remain above the cost of capital amid economic uncertainty, rising climate risk, and economic and social inflation, according to AM Best. Because of rising interest rates and ... Read the full article
Hurricane Idalia forecast to hit Florida “near or at major intensity”
28th August 2023
Florida is facing a significant hurricane threat this week, as tropical storm Idalia is forecast to become hurricane Idalia later today, before then heading over extremely warm Gulf waters towards Florida's coast where the NHC forecast it could be near or at major intensity by landfall. Update: The latest NHC advisory, ... Read the full article
Capital markets rekindle confidence in (re)Insurance industry: ICMR Analysis
25th August 2023
In a marked shift of sentiment, capital markets are displaying renewed interest and confidence in the specialty (re)insurance industry, as evidenced by a recent analysis conducted by Insurance Capital Markets Research’s (ICMR). Following a tumultuous period, including the banking sector turmoil earlier this year, the sector's performance has rebounded strongly, as ... Read the full article
Global non-life reinsurers report robust mid-year underwriting profits in 2023: Fitch
24th August 2023
In a reassuring turn of events, the mid-year results for global non-life reinsurers in 2023 have showcased robust underwriting profits, according to Fitch Ratings. The 18 non-life reinsurers under Fitch's scrutiny have collectively achieved an impressive reinsurance combined ratio of 88% during the first half of the year. This figure takes ... Read the full article
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