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.
Pockets of re/insurance growth remain despite largely flat 1/1 rates: S&P
26th January 2018
Much of the hype around significant pricing gains for reinsurers at the January renewals has faded as demand overall was flat to marginally up, but hope remains for some higher demand from regional insurers focused on Florida and the Caribbean, as well as U.S. mortgage credit risk and other emerging ... Read the full article
“InsurTech ideas have to win industry approval as well as customer hearts”: Globaldata
26th January 2018
After UK InsurTech and pioneering brand for motor insurance, Guevara, went under - GlobalData analysts highlighted some of the key stumbling blocks of re/insurance start-ups that fail to get off the ground, stating the entity offered ideas the industry isn't yet ready for. As an early entrant into the UK InsurTech ... Read the full article
Bermudians hit with profit deterioration following 2017 catastrophe season: Fitch
26th January 2018
2017 was a challenging year for global re/insurers and particularly hard-hitting for Bermudians who saw earnings dashed with $6.9 billion of losses causing combined ratios to rise to an average 108-109% with over 20% points from catastrophe losses, according to Fitch Ratings. Underwriting results weakened significantly for the group of 10 ... Read the full article
QIC expands UK profile with Markerstudy Group acquisition
25th January 2018
Qatar Insurance Company (QIC) has acquired Gibraltar-based insurer Markerstudy Group through its reinsurance arm Qatar Re, subject to regulatory approvals. The acquisition of Markerstudy, which underwrites more than 5% of the U.K. motor insurance market, generating annual premiums of about £750 million, significantly expands the firm's UK profile, in line with ... Read the full article
How to play the reinsurance hype cycle: RBC Capital Markets
25th January 2018
After record-setting Q3 losses many re/insurers saw their inflated hopes of price hikes dashed in January renewals, a “hype cycle” that RBC Capital Markets analysts believe can be successfully ridden if re/insurers take a long-term view and play it through to the productivity phase. “For those of you not familiar with ... Read the full article
Credit risk’s high re/insurance growth potential: XL Catlin
25th January 2018
An XL Catlin survey has highlighted the growth potential for re/insurers' credit risk lines, if carriers innovate and adapt products to match growing demand for more flexible and tailored cover. Peter Schmidt, Chief Executive Asia Pacific, Latin America & Global Credit and Surety, XL Catlin, noted the current disconnect between firms' ... Read the full article
Paragon Insurance appoints Andrew Peterson to lead MGA Reinsurance Operations
23rd January 2018
Multi-line specialty Managing General Agency (MGA), Paragon Insurance LLC has named Andrew Petersen as Regional President and Executive Vice President of Reinsurance Operations. Prior to joining Paragon, Peterson acted as Chief Corporate Development Officer of Atlas General Holdings, LLC, a San Diego based general agency, since 2012. He brings extensive industry experience ... Read the full article
Trend of upwards revisions of firms’ 2017 loss reports begins: Jefferies
23rd January 2018
Upwards revisions to company loss reports from alternative capital providers and smaller reinsurers are expected to fill the $20 billion gap between industry loss estimates and aggregate company losses for hurricanes Harvey, Irma and Maria (HIM), according to Jefferies. After Markel CATCo's CATCo Reinsurance Opportunities Fund and the Blue Capital ... Read the full article
2017 catastrophes a “perfect opportunity” for reinsurers to showcase adaptability
22nd January 2018
Guy Carpenter's Vice Chairman David Priebe called the recent catastrophic events a "perfect opportunity" for reinsurers to showcase their ability to adapt solutions to the unique risk profiles of individual clients, a reminder that the flip side of every major disaster is an opportunity for the innovative and entrepreneurial. 2017's record ... Read the full article
Reinsurance sector favours relational approach to competition: Report
22nd January 2018
Syndicated financial markets, such as reinsurance, tend to adopt a relational approach to competition, contrary to the widespread perception of negative competition that sees companies fight to win at all costs, according to a new study. The new study, Toward a Social Practice Theory of Relational Competing, was authored by Cass ... Read the full article
Multi-line reinsurance rate hardening at 1/1 for Lloyd’s market: Peel Hunt
17th January 2018
The Lloyd's property catastrophe reinsurance market has turned a corner with single-digit rate increases at 1/1 renewals and with further rate hardening expected at mid-year renewals, said Peel Hunt analysts, reflecting views from both the underwriter and broker community after a tour of Lloyd's. Rates increased by about 5% across loss-free ... Read the full article
Collaboration needed to support reinsurance market revolution: Johansmeyer, PCS
17th January 2018
The current dynamics of the global reinsurance market suggests a "revolution is brewing," but in order for the market to take advantage of the opportunities ahead, a collective mentality might be what's needed, according to Tom Johansmeyer, Assistant Vice President (AVP), PCS Strategy and Development. "The global reinsurance market shows all ... Read the full article
Growing prevalence of risk-based capital regimes to drive reinsurance demand: Aon Benfield
17th January 2018
Aon Benfield's 2018 reinsurance market outlook forecasts a continued modest upturn in reinsurance demand globally driven by the growing prevalence of risk-based capital regimes and emerging areas of risk transfer. Reinsurance demand could also benefit from modest global economic growth alongside heightened risk awareness following a record-setting catastrophe loss year. Additional demand ... Read the full article
Report highlights CRO role shift from technical expert to business advisor
16th January 2018
The role of the Chief Risk Officer (CRO) has rapidly evolved in both scope and importance in the years since the financial crisis to now play a more centric role in shaping business strategy, according to a joint paper by the Lloyd's Market Association’s (LMA) Chief Risk Officer Committee and ... Read the full article
Reinsurers warned over financial impact of corporate reputational loss
15th January 2018
Corporate reputational crises could have a massive financial impact in 2018, due to the potential for a market correction to expose firms that have suffered reputational losses but have remained artificially shielded by the umbrella of the recent stock market rise, according to research conducted by Steel City Re. A number ... Read the full article
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