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.
PRA postpones insurance & climate stress tests due to Covid-19 pressures
7th May 2020
The UK's Prudential Regulation Authority (PRA), part of the Bank of England, has announced that the planned 2019 insurance stress test results will now not be published, as it pauses further work in this area due to the impacts of the Covid-19 pandemic. The PRA said that its focus is on ... Read the full article
Berkshire Hathaway reports $489m Q1 reinsurance loss, $55.5bn investment loss
2nd May 2020
Warren Buffett's conglomerate Berkshire Hathaway reported first-quarter losses to its primary insurance and reinsurance businesses, in part due to the impacts of the Covid-19 coronavirus pandemic. But the enormous largely unrealised investment loss of $55.5 billion for the first-quarter of 2020 overshadows all else in the Berkshire Hathaway results today. Berkshire Hathaway ... Read the full article
Pick re/insurance software the right way and keep your job
27th April 2020
Choosing the right insurance or reinsurance software platforms and tools can be a challenge in itself, but it's vital to approach this in the right way, Dmitry Mnushkin, President of Treefrog Consulting writes. Part 1 in a 3-part series of articles dealing with how people can help their companies survive during ... Read the full article
Erosion of insurance contract rights bad for the economy: Priebe, Guy Carpenter
16th April 2020
Any erosion of insurance contract rights, through the honouring of claims where coverage was never intended, or refusal of claims that should have been covered, would be bad for the economy as a whole, Guy Carpenter's Chairman David Priebe explained to us. In a wide-ranging interview, Priebe said that it remains ... Read the full article
Coronavirus + broker M&A distribution disruption raises threat to carriers: Hyperion X
3rd April 2020
While the immediate impacts and losses from the Covid-19 coronavirus pandemic are top of mind in threatening the businesses of insurance and reinsurance carriers right now, the fact it coincides with the biggest disruption to the distribution chain ever seen adds more pressure, Hyperion X said. Hyperion X, the data and ... Read the full article
Post-coronavirus re/insurers may fail to earn cost-of-capital: Hyperion X
2nd April 2020
Once the current Covid-19 coronavirus pandemic crisis is largely behind us and economies begin to recover, Hyperion X, the data and analytics specialist unit of the Hyperion Insurance Group, sees a risk that most re/insurers may fail to earn their cost-of-capital over an extended period. Looking at the potential recovery ... Read the full article
Survey: 32% say Covid-19 to increase reinsurance & retro buying
31st March 2020
With already a few hundred responses collected from our new survey on the re/insurance market implications of the Covid-19 coronavirus pandemic, it's clear the market is expecting that long-term the crisis will drive an appetite for greater protection. Our ... Read the full article
Syndicates forecast deteriorating Lloyd’s results for 2017/2018
19th February 2020
A number of Lloyd's of London syndicates have been reporting updated forecasts for their results on the 2017 and 2018 years of account in recent days and there are signs of some deterioration. The performance of Lloyd's syndicates has been a focus over the last year, of course, as the market ... Read the full article
The Philippine Government targets reinsurance for $20bn of state asset risks
6th December 2019
The government of the Philippines is seeking reinsurance protection for a new National Indemnity Insurance Program, designed to provide PhP 1 trillion (roughly USD 19.6 billion) of cover for certain assets in 25 provinces in the Eastern Seaboard. According to an announcement, a memorandum of understanding (MoU) between the Philippines government ... Read the full article
AM Best maintains stable outlook on reinsurance in 2020
6th December 2019
Rating agency AM Best has maintained its stable market outlook on the global reinsurance industry for 2020, citing a stabilised pricing environment, alignment with third party capital, and support from life segment results. Analysts felt that reinsurers in the non-life segment were also gaining more favourable momentum in the face of ... Read the full article
Reinsurance market likely to remain stable into 2020: AM Best’s Holzberger
20th November 2019
New business opportunities and alignment with third-party capital are among a number of tailwinds that are expected to help the reinsurance sector maintain its stable outlook into next year, according to Stefan Holzberger, Senior Managing Director and Chief Rating Officer at AM Best. Speaking as part of AM Best’s recent ‘Insurance ... Read the full article
China and emerging Asia to drive premium growth, says Swiss Re
13th November 2019
Global non-life and life insurance market growth is expected to stay on trend at around 3% in 2020 and 2021, driven by emerging Asia and particularly China, according to reinsurance giant Swiss Re. The global reinsurer’s latest Sigma report underlines an anticipation of continued premium growth in spite of an expectation ... Read the full article
Expertise, diversification top issues for reinsurers in 2020: industry survey
11th November 2019
The second annual survey by our ILS focused sister-site Artemis has identified expertise and diversification as the top two key issues for the reinsurance industry going into 2020 and beyond. This year’s survey included responses from hundreds of identifiable market participants, including numerous company CEOs and senior decision makers. Out ... Read the full article
Global reinsurance market survey results show positive price expectation
4th November 2019
For the second year running we’ve collaborated with our ILS focused sister-site Artemis to conduct a survey designed to take the temperature of the global reinsurance market. This year’s survey included responses from hundreds of identifiable market participants, including numerous company CEOs and senior decision makers. Overall, approximately 72% ... Read the full article
P&C re/insurer Q3 results may “surprise to the downside”
10th October 2019
Property & casualty insurance and reinsurance company results may hold a "surprise to the downside" for investors in the fast-approaching third-quarter 2019 earnings season, according to analysts. Reflecting on some recent discloses, equity analysts at Credit Suisse Mike Zaremski and Charles Lederer suggest that shareholders could be in for an unwelcome ... Read the full article
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