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.
Duck Creek announces Xceedance inclusion as premier reinsurance partner
20th February 2024
Duck Creek Technologies, a P&C solutions provider, has welcomed Xceedance, an insurance-focused consulting, technology and data provider, as an inaugural ecosystem partner for reinsurance. Xceedance has been a longstanding collaborator with Duck Creek, having already partnered with three of its reinsurance global customers in Australia, the UK, and the US. As an ... Read the full article
Investor interest peaks in reinsurance and AXA during North American marketing blitz: Berenberg
20th February 2024
During a week of extensive marketing efforts across the United States and Canada, financial investors have shown significant interest in two key subjects: reinsurance and AXA, according to a Berenberg report. Over the course of 23 investor meetings, these topics emerged as primary focuses, with discussions revolving around the sustainability of ... Read the full article
Dynamic Re adds capacity agreements with Liberty, AXA XL & Austral Re
13th February 2024
Dynamic Reinsurance, an underwriting agency registered in the United States, has entered into reinsurance agreements with Liberty, AXA XL, and Austral Re. Liberty, AXA XL and Austral Re have all been added to the company's panel of reinsurers. According to Dynamic Re, this collaboration marks a significant enhancement in the company's capacity ... Read the full article
Boost Insurance secures $130m in reinsurance capacity for expansion
8th February 2024
Boost Insurance, an insurance infrastructure platform, has announced a significant milestone with the securing of over $130 million in new reinsurance capacity. This capital injection will fortify Boost's position in supporting Managing General Agents (MGAs), insurtech firms, and embedded insurance programs. The expansion includes renewing treaties with existing reinsurers and welcoming new ... Read the full article
Swiss Re champions reinsurance as a strategic ally for life insurers in navigating high-interest rates
2nd February 2024
In the midst of a dynamic financial environment marked by soaring interest rates, reinsurance is emerging as a key ally for life insurers, offering innovative solutions to effectively manage the impact on their businesses, according to a Swiss Re Institute report. The current high-interest rate landscape, while presenting opportunities, also brings ... Read the full article
Inflation on insured values main reason for Travelers extra reinsurance protection, says CFO
31st January 2024
Travelers' decision to obtain extra reinsurance protection is mainly due to the recent inflationary impact on insured values according to Chief Financial Officer (CFO), Dan Frey. The US insurer has recently released an update on its 1.1 2024 reinsurance renewal, which is when it renews its occurrence catastrophe excess-of-loss (XoL) treaty ... Read the full article
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
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