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.
BofA Securities bullish on 2023 performance of European reinsurers and London Market insurers
31st January 2024
BofA Securities anticipates a robust FY 2023 update for European reinsurers and London Market insurers, signaling a positive turnaround in the sector. The stable pricing for commercial insurers and a potential peak in pricing for reinsurers in 2024 provide a constructive outlook for earnings. However, the report highlights disparities in valuations between ... Read the full article
Re/insurance industry partners to mitigate cloud concentration risks: Swiss Re
31st January 2024
In a strategic collaboration, global reinsurer Swiss Re has joined forces with research partner Carnegie Endowment and major cloud providers to address and mitigate the risks associated with the concentration of cloud services. This partnership has produced the paper "Cloud Reassurance: A Framework to Enhance Resilience in the Cloud," focusing on ... Read the full article
Reinsurance capital rebounds strongly in 2023, cat bond issuance hits record high: Fitch
24th January 2024
According to Fitch Ratings, reinsurance capital is estimated to have surged by 11%, reaching approximately USD 535 billion by the end of 2023, partially offsetting the losses incurred in the previous year. The global reinsurance industry witnessed a robust recovery in capital during 2023, driven by strong earnings, financial market stabilisation, ... Read the full article
Moody’s sees reinsurance pricing remaining largely favourable in 2024
24th January 2024
Analysts at Moody's have highlighted how the reinsurance industry witnessed strong results in 2023, despite a continued elevated level of catastrophe activity, which saw more than $100 billion global insured losses. Moody's explained that development, which came after many years of challenged results, was aided by a number of factors. This included: ... Read the full article
Himalayan Re approved to do reinsurance business from India
22nd January 2024
Privately owned reinsurance company, Himalayan Re-Insurance, has expanded its business to 31 countries as it has been allowed to do reinsurance business from India. According to the announcement, the country’s Insurance Regulatory and Development Authority approved and granted the reinsurer a reference number on January 16, 2024. The Nepal-based reinsurance company also ... Read the full article
Reinsurers face challenges in 2024 amidst changing market dynamics: Morgan Stanley
22nd January 2024
According to insights gathered by Morgan Stanley, reinsurers experienced a pullback towards the end of 2023, prompting investors to scrutinise the factors that could drive the industry beyond the highs of the previous year. The report highlights that while reinsurance pricing remains robust, it is not as formidable as in 2023. ... Read the full article
ATL expands global presence with new Latin America reinsurance offering
22nd January 2024
Commercial insurance broker ATL, has announced the launch of ATL RE, an independent reinsurance broker serving the Latin America and the Caribbean markets, via its new Miami office. ATL RE will offer a comprehensive range of commercial reinsurance products including Financial Lines, Property and Energy, Construction, Accident and Health, Treaty and ... Read the full article
Global specialty (re)insurance sector gains investor confidence: ICMR
22nd January 2024
In a recent review conducted by Insurance Capital Markets Research (ICMR), the 'RISX' equity index, representing listed companies with businesses in the Lloyd's market, has showcased robust annual returns for the year 2023. Investors have shown a renewed appetite for the sector, with the Global Specialty (Re)Insurance sector registering a favourable ... Read the full article
Proposed legislation could reshape catastrophe re/insurance landscape in US: Goldman Sachs
18th January 2024
In response to the increasing costs and risks associated with catastrophic events, there is a notable surge in legislative efforts at both the Federal and State levels, according to Goldman Sachs. Notably, California Representative Adam Schiff has introduced a bill, known as the INSURE Act (H.R. 6944), aiming to create a ... Read the full article
Reinsurance sector’s digital transition shows gradual progress, Supercede data reveals
11th January 2024
In a recent report, Supercede, a reinsurtech software specialist, has unveiled insights into the industry's movement towards digital platforms, showcasing a measured pace in the adoption of innovative solutions. Amidst the critical January 2024 reinsurance renewal period, Supercede's data indicates a growing acceptance of digital transformation, though progress remains slower than ... Read the full article
Robust reinsurance market expected to sustain growth in 2024: JP Morgan
5th January 2024
In a recent report, JP Morgan analyses the European reinsurance market, highlighting its resilience despite record-breaking increases in 2023. As of the January 2024 renewals, the market continues to show firmness, maintaining positive momentum from the previous year. Contrary to the dramatic price hikes witnessed in 2023, Howden Tiger reports risk-adjusted price ... Read the full article
BMA outlines expectations for legacy re/insurers assuming corporate liabilities
4th January 2024
The Bermuda Monetary Authority (BMA) has released guidelines outlining its expectations for legacy re/insurers engaged in assuming corporate liabilities, particularly those involving non-insurance corporations with risk characteristics resembling traditional insurance obligations. The regulatory framework addresses entities specialising in managing long-tailed liabilities, including those associated with historical asbestos and environmental exposures. The BMA's ... Read the full article
Responsive reinsurance market emerges at Jan 1 renewals: Guy Carpenter
29th December 2023
In a recent announcement, global risk and reinsurance specialist Guy Carpenter, has highlighted the emergence of a responsive reinsurance market during the January 1st, 2024, reinsurance renewals. This market shift is attributed to ample capacity and a more commercial approach to trading partnerships, all while maintaining a commitment to underwriting rigor. The ... Read the full article
Property cat renewals flat to up 30%, as casualty sees price pressure: Guy Carpenter
29th December 2023
Global renewal rates for property catastrophe reinsurance saw a wide range of outcomes at the January 1st 2024 renewals, with non-loss affected accounts largely flattish, but loss impacted seeing increases of up to 30%, according to Guy Carpenter. The reinsurance broker highlights a market where reinsurance underwriters were motivated and responsive ... Read the full article
AXA France enters into a reinsurance agreement for an in-force savings portfolio
22nd December 2023
Global insurer, AXA Group, has announced that its subsidiary AXA France Vie has entered into a reinsurance agreement with AXA Réassurance Vie France (ARVF), a reinsurer co-owned by AXA Assurances Vie Mutuelle1 and AXA Assurances IARD Mutuelle According to the announcement, the reinsurance agreement with ARVF will cover a total of ... Read the full article
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