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.
P&C insurers face increased cat losses in Q2, reinsurers find relief: BMO Capital Markets
14th July 2023
Property and casualty insurers have witnessed a rise in catastrophe losses during the second quarter, while reinsurers have experienced a decrease as they move away from frequency risks, according to analysts at BMO Capital Markets. "... reRead the full article
PVI Insurance & NongHyup P&C sign MOU agreement to increase collaboration
14th July 2023
PVI Insurance Corporation and Seoul-based NongHyup Property and Casualty Insurance (NongHyup P&C) recently signed a Memorandum of Understanding (MOU) to secure their comprehensive business cooperation at PVI Insurance's headquarters in Hà Nội. According to the announcement, the five-year agreement is designed to reinforce collaboration in a number of key areas, such ... Read the full article
US investors show growing interest in reinsurers and UK Market amid stabilising macro risks: Berenberg
13th July 2023
In a series of meetings held during a recent marketing trip, Berenberg found that US investors, predominantly from New York and Chicago, are increasingly drawn to reinsurers, with a growing interest in the UK market as macro risks stabilise. The discussions shed light on investor preferences, highlighting companies such as Zurich, ... Read the full article
US mortgage reinsurance demand sets new record in 2022: Aon
11th July 2023
US mortgage reinsurance demand set a new record in 2022 with the government-sponsored enterprises (GSEs) Fannie Mae & Freddie Mac, as well as the six US mortgage insurers (US MIs) purchasing more than $18 billion of total reinsurance limit. In Aon’s mid-year Reinsurance Market Dynamics report, analysts highlighted that in 2023, ... Read the full article
Global Atlantic raises over $2.4bn for second co-investment vehicle
10th July 2023
Life and annuity re/insurance firm Global Atlantic Financial Group has closed a more than $2.4bn third-party capital raise for its second reinsurance co-investment vehicle, Ivy Co-Invest Vehicle II LLC (Ivy II). Ivy II is a reinsurance co-investment vehicle through which Global Atlantic brings third-party capital into its business to augment its ... Read the full article
Reinsurance recovery unlikely to be derailed by capital raised YTD: JP Morgan
7th July 2023
Capital raised (YTD) will unlikely dent the recovery the re/insurance sector has seen in pricing and improvements in terms and conditions year to date, according to a recent JP Morgan report. At this stage, analysts believe that the capital raised YTD on a net basis totals well under $10bn. Therefore, while broker ... Read the full article
Kingstone finalises reinsurance program for 2023-2024
7th July 2023
Kingstone Companies, Inc., an American P&C insurance holding company, has announced the finalisation of its reinsurance program for the period between July 1, 2023 through June 30, 2024. "I am delighted to let you know that Kingstone has finalized its 2023- 2024 catastrophe reinsurance placement," Meryl Golden, Kingstone COO, stated. "Kingstone purchased ... Read the full article
Stability prevails in intl. liability and professional lines renewals: Gallagher Re
5th July 2023
In the realm of international liability and professional lines, the recent renewals unfolded with relative calm, indicating stability in the market, according to Gallagher Re's 1st View renewals report on International Casualty. The majority of renewals were concentrated in Australia and New Zealand, with only a few in Europe. This commentary ... Read the full article
Cat bond market sees strong growth, setting pace for record year: Aon
4th July 2023
The catastrophe bond market has experienced a remarkable surge, with an 8%, or $2.8 billion increase in outstanding notional value since the beginning of the year, according to Aon's Reinsurance Market Dynamics report. With robust new issuance volumes, industry experts anticipate that 2023 is poised to become a record-breaking year, with ... Read the full article
Lemonade secures quota share reinsurance contracts
3rd July 2023
Lemonade Insurance and Lemonade Insurance Company (LIC) have secured property per risk excess of loss reinsurance (PPR contract) to protect its business, effective from July 1, 2023 until June 30, 2024. Under the PPR Contract, claims in excess of $750,000 are 100% ceded up to a maximum recovery of $2.25 million, ... Read the full article
ICISA officialises Active Re’s membership in the association
30th June 2023
Reinsurance company Active Re has become a member of the International Credit Insurance & Surety Association (ICISA). This membership will offer the Active Re the opportunity to participate in conferences, seminars, and other specialised events where they will be able to connect with other professionals in the reinsurance market, sharing information ... Read the full article
Oxbridge Re’s SurancePlus closes $2.4m capital raise of its tokenized reinsurance security
28th June 2023
Oxbridge Re Holdings Limited has announced that its Web3-focused, wholly-owned subsidiary, SurancePlus Inc., has closed a $2.4 million private capital raise through the sale of 244,776 of its tokenized reinsurance security, DeltaCat Re. According to the announcement, the tokens will be issued on the Avalanche blockchain. Oxbridge Re announced the incorporation ... Read the full article
Reinsurers’ expertise, support sets them apart from alternative capital providers: DBRS
26th June 2023
DBRS Morningstar investment analysts assert that reinsurers' expertise in risk selection and underwriting, coupled with their ability to support new market expansions and product development, sets them apart from alternative capital providers. As the frequency and severity of insurable events increase due to factors such as pandemics, global warming, and geopolitical ... Read the full article
AXA XL, WTW some of the founding members of new catastrophe risk & resilience research journal
20th June 2023
The first diamond open access journal has launched for catastrophe risk and resilience research; some of its founding members include AXA XL, MS Amlin, WTW and Flood Re. A not-for-profit publication, the Journal of Catastrophe Risk and Resilience (JCRR) is a free, online digital journal that has been designed to enable ... Read the full article
RenRe celebrates 30th anniversary
14th June 2023
RenaissanceRe, a global provider of reinsurance, celebrated its 30th anniversary on June 14, 2023. The company was founded in Bermuda in 1993 with the goal to bring a renaissance to the underwriting of property catastrophe reinsurance, Kevin J. O’Donnell, President and Chief Executive Officer, commented. Since then, RenRe has evolved into a ... Read the full article
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