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.
Shareholder returns for reinsurers “generally below cost of equity” – Boston Consulting Group
26th September 2022
Total shareholder return (TSR) for the global reinsurance industry had remained below the cost of equity on average over recent years, according to a new note from Boston Consulting Group (BCG). In its Reinsurance in Focus: The 2022 Insurance Value Creators Report, said that although the average had been ‘disappointing’, strong ... Read the full article
Enact Mortgage secures $201mn credit risk transfer
20th September 2022
Enact Holdings has announced that its flagship entity, Enact Mortgage Insurance Corporation has secured $201 million of additional excess of loss (XOL) reinsurance coverage. This credit risk transfer (CRT) transaction covers a portfolio of existing mortgage insurance policies written from January 1, 2022 through June 30, 2022, and is effective from ... Read the full article
Supercede highlights possible $300m per annum re/insurance industry savings
14th September 2022
Reinsurance tech firm Supercede shows that $300 million per annum re/insurance industry savings are possible, following research into the efficacy of its technology during live pilots with leading insurers. Each year, cedents are faced with the challenging task of ensuring that their reinsurance submissions get out to market accurately and on ... Read the full article
Re/insurance needs an “iconoclastic moment”, says Vantage’s McKeown
12th September 2022
The global insurance and reinsurance industry needs an “iconoclastic moment” on a similar scale to the introduction of catastrophe risk models in the 1990’s, if it is to ensure its long-term sustainability, Chris McKeown of re/insurer Vantage Risk has said. Speaking with Reinsurance News around the Monte Carlo Rendez-vous event in ... Read the full article
MS Reinsurance launched, as MS Amlin AG rebrands
12th September 2022
MS Reinsurance is a new brand in the market after MS Amlin AG, the global reinsurance arm of MS&AD that is domiciled in Switzerland announced a rebranding today. The change will occur this month, with the company set to be known as MS Reinsurance, An MS Amlin AG Company. No change to ... Read the full article
Lockton Re launches dedicated Capital Markets unit led by Breslin
11th September 2022
Lockton Re, the global reinsurance broking arm of the independent intermediary company, has this morning announced the launch of Lockton Re Capital Markets (LRCM), a dedicated specialist arm for capital markets and ILS activities. Zachary Breslin will lead the new LRCM unit at the firm, having joined the company from ... Read the full article
IQUW adds Warburg as Head Reinsurance, London. Lamer named Head, Reinsurance Bermuda
11th September 2022
IQUW, the property, commercial and speciality re/insurer, has hired Dan Warburg as its new Head of Reinsurance, London. The company has also promoted Rene Lamer to Head of Reinsurance, Bermuda. Warburg was most recently at Lancashire’s Syndicate 2010, where he was a Reinsurance Underwriter. With over 20 years' experience in reinsurance, he had ... Read the full article
Fitch highlights pandemic impact on reinsurance market throughout Asia
6th September 2022
According to analysts at Fitch, Thailand’s life industry has no exposure to lump-sum payout policies, and experienced stable operation during the COVID-19 pandemic. Analysts also noted that local life reinsurers remain profitable with a rise in COVID-19 related health claims partially offset by lower claims in other products. At the same time, ... Read the full article
Multiyear rate increases and low catastrophes lead to strong operating returns: Moody’s
5th September 2022
US and Bermuda reinsurers have seen strong operating returns in the first half of 2022 with the conflict in Ukraine contributing to “modest” losses, said Moody’s analysts in a recent report. Analysts highlighted that the reinsurers' earnings performance was mainly driven by multiyear increases and a low level of catastrophe losses. According ... Read the full article
Changes in risk appetite & models skepticism highlighted by AM Best
1st September 2022
Rating agency AM Bests’ latest reinsurance market report highlights that the global risk environment is continuing to get more complex, notably with traditional nat cat models being subjected to renewed scrutiny due to the increase in the frequency of events in the last five years. These events are usually attributable to ... Read the full article
Freddie Mac adds 17 new re/insurers and investors in record H1
31st August 2022
Freddie Mac’s single-family business has announced that its Credit Risk Transfer (CRT) program reported Q2 22 CRT issuance of approximately $6.5 billion, protecting approximately $151 billion in unpaid principal balance (UPB) of single-family mortgages. The total was a company record performance for a second quarter. At the same time, record first half ... Read the full article
NMI strikes $154mn excess-of-loss reinsurance deal
31st August 2022
NMI Holdings, Inc. has announced that National Mortgage Insurance Corporation, its wholly-owned insurance subsidiary, has entered into a new excess-of-loss (XOL) reinsurance agreement with a wide panel of highly rated reinsurers. Subject to customary conditions, the XOL agreement has a treaty inception date of July 1, 2022 and provides aggregate loss ... Read the full article
Reinsurers concerned about inflation despite pricing improvement: AM Best
24th August 2022
Global reinsurance rates have improved since 2018, yet reinsurers have started to reconsider whether rates are indeed allowing for sufficient margins, and to what extent cedents are pricing inflationary risks at source, according to AM Best analysts. The AM Best Global Reinsurance Market Report highlighted that this has been mainly driven ... Read the full article
London Market could benefit from attractive property cat reinsurance lines: Goldman Sachs
23rd August 2022
Analysts at Goldman Sachs believe that London Market (LM) names can benefit from the current tailwind of cat reinsurance lines as price increases earn through to the P&L. LM names have focused on growing profitable business lines with attractive rates and, according to Goldman Sachs, property cat reinsurance is exactly the ... Read the full article
ACIL suggests cross subsidisation could boost cyclone reinsurance pool
19th August 2022
The Australian Consumers Insurance Lobby (ACIL) has published a number of measures for Australia’s Federal Government to consider in order to drive premium savings from the cyclone reinsurance pool to the levels needed to assist policyholders. The ACIL fears the cyclone reinsurance pool, administered by the Australian Reinsurance Pool Corporation (ARPC), ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
