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.
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
Neptune’s growth in re/insurer relationships provides $100m+ additional premium capacity
23rd August 2023
Neptune Flood, a private flood insurance company, has announced successful growth in insurance carrier and reinsurer relationships, having reviewed and expanded programs with AXA XL, MS Transverse, and Lloyds. The 2023-24 renewals have expanded Neptune's network to 23 insurance carriers and reinsurers, backing six unique programs with AXA XL, MS Transverse, ... Read the full article
Reinsurance pricing trends remain strong amidst shifting landscape: JP Morgan
22nd August 2023
In 2023, the reinsurance sector has outperformed expectations, with JP Morgan analysts' bullish stance since mid-2022 being substantiated by robust pricing trends and this year's renewal outcomes. In particular, the European reinsurers have showcased positive pricing improvements year-to-date, even when accounting for higher loss cost assumptions. The results of the Guy Carpenter ... Read the full article
Top reinsurance firms resilient amid inflation measures, expected to rebound to 2021 capital levels: AM Best
22nd August 2023
Amid central banks' inflation-fighting measures, leading reinsurance firms have showcased capitalisation resilience, with an expected rebound in traditional capital to 2021 levels by year-end, despite substantial equity declines, according to AM Best's report. AM Best's analysis indicates that the top 25 global reinsurance groups experienced a nearly 17% reduction in shareholders' ... Read the full article
European reinsurers report strong 1H23 results amid improved pricing & investments: Fitch
22nd August 2023
The leading European reinsurers, including Hannover Re, Munich Re, SCOR SE, and Swiss Re, have unveiled robust financial results for the first half of 2023, marking a sharp contrast to the challenges faced in the same period last year, according to Fitch's report titled "European Reinsurers: 1H23 Results." The resurgence in ... Read the full article
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