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.
Global InsurTech funding rises by 37.6% in Q1 2023: Gallagher Re
4th May 2023
InsurTech funding has bounced back strongly in the first quarter of 2023, with global investments reaching $1.39 billion, according to the latest Global InsurTech Report from Gallagher Re. This marks a 37.6% increase from the previous quarter's lowest total since Q1 2020. While the deal count remained steady, the average deal ... Read the full article
Limited retro capacity causes turbulent renewals in accident reinsurance market: Aon
3rd May 2023
The recent renewals in the Accident, Health, and Life (A&H) reinsurance market have been marked by turbulence due to limited retro capacity in some lines of business, according to Aon's Accident (Re)Insurance April 2023 report. The report highlights that some reinsurers were forced to pay over 100% more in retrocession costs, ... Read the full article
Blockchain-powered reinsurer Re backs $34 million in Q1 premiums
26th April 2023
Re, a blockchain-powered reinsurance company, has reported "significant" growth in Q1 2023, backing $34 million in premiums and insuring tens of thousands of small businesses across various industries since its launch in late 2022. The company foresees further growth and opportunities with a strong deal flow pipeline and additional capital influx, ... Read the full article
Alliant launches new reinsurance brokerage division
25th April 2023
P&C commercial insurance broker, Alliant Insurance Services has announced the launch of its reinsurance brokerage division, Alliant Re. According to the announcement, Alliant Re leverages proprietary data and analytics, extensive industry relationships and insurance expertise to navigate complex market conditions and provide customised risk transfer solutions to protect insurers from large ... Read the full article
Youi Insurance hires Swiss Re’s Laura Wood as Head of Reinsurance
18th April 2023
Youi Insurance, an Australian-based insurance company has appointed Swiss Re’s Laura Wood as Head of Reinsurance. An experienced veteran within the industry, Wood brings 18 years of expertise towards her new role, having worked within re/insurance and broking across most of the industry’s key markets around the globe and across many ... Read the full article
Specialty reinsurers’ combined ratios may be ‘too conservative’: RBC Capital Markets
18th April 2023
RBC Capital Markets said specialty reinsurers' combined ratios may be "too conservative" due to factors such as conservative reserving, rebuilding reserve buffers, and higher investment returns which could offset weaker underwriting returns. Insurers are expected to report strong solvency positions and detail any relevant asset exposures, with a focus on the ... Read the full article
Accounting standards ‘unlikely’ to impact insurers’ strategic asset allocation: JP Morgan
17th April 2023
Accounting standards, IFRS9 or IFRS17, unlikely to impact insurers’ strategic asset allocation "too significantly," says JP Morgan in a new note. In its latest Love Actuary report, JP Morgan analysts examine IFRS9, a new accounting standard for assets that insurers are applying in parallel with IFRS17. It looks at how IFRS9 ... Read the full article
Global multiline insurers effectively manage challenging conditions: S&P
17th April 2023
Global multiline insurers (GMIs) with diverse business operations and geographical presence, coupled with competitive advantages and robust capitalisation, are effectively managing challenging circumstances, S&P Global Ratings said in a report. GMIs tend to reap greater advantages from favourable conditions and endure less hardship during difficult times as compared to other insurers, ... Read the full article
Hard market for aviation reinsurance to continue: Gallagher Re
14th April 2023
As aviation reinsurance continues to recover from large losses caused by a number of challenges in the last few years, the medium-term outlook suggests that the market will remain hard for some time to come, according to a recent Gallagher Re report. The market has gone through a turbulent few years, ... Read the full article
Insurers give negative feedback on US casualty energy reinsurance renewals: WTW
14th April 2023
According to a report from the global advisory, broking and solutions company, WTW, the initial feedback from insurers regarding January 1 reinsurance renewals for US casualty energy market has not been positive. The treaty renewals have been affected by losses resulting from a combination of various factors such as events in ... Read the full article
Reinsurance sector delivers ‘record-high’ return in Q1’23: ACORD
14th April 2023
The reinsurance sector delivered a "record-high" performance overall with +23.6% total return on equity in Q1, ACORD noted in its first Global Insurance Stock Index Update of 2023. ACORD, the global standards-setting body for the insurance industry, highlighted that the performance was likely driven by strong premium and exposure growth, improved ... Read the full article
Aspida Life Re names Jenny Kane as Deputy COO
13th April 2023
Bermuda-based life and annuity reinsurance company, Aspida Life Re has appointed Jenny Kane as Deputy Chief Operations Officer. Kane has more than two decades of industry experience and over a decade in the Bermuda market. She will bring extensive expertise in operations and risk management to the broader Aspida Re team ... Read the full article
ClimateWise offers roadmap to help re/insurers take nature into account when underwriting risk
12th April 2023
Global insurance industry collaboration ClimateWise has published a report where it has mapped out a path to help guide reinsurers and insurers to integrate environmental protection as climate change worsens the frequency and severity of natural disasters. ClimateWise’s roadmap suggests the re/insurance industry has a vital role in protecting the natural ... Read the full article
Fitch views RGA’s market position ‘favourably’
11th April 2023
Fitch Ratings views the Reinsurance Group of America’s (RGA) entrenched market position and long track record in the global reinsurance market "favourably". This news follows Fitch's outlook revision for RGA to positive from stable. Fitch said that this outlook revision reflects RGA’s business profile improvement as the largest provider of ... Read the full article
Asia avoids banking sector turmoil due to lower inflation rates: Swiss Re Institute
6th April 2023
Despite the recent turmoil in the US and European banking sectors, Asia's re/insurance sector has managed to avoid being affected, helped in part by the swift responses of the authorities in the countries where the issues originated and lower inflation rates in the region, said the Swiss Re Institute. These lower ... Read the full article
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