All Reinsurance market articles
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News1/1 ‘down to the wire’ with possible reputational consequences
Areas of most constraint were peak-zone US property cat and coverage for war and SRCC, finds Gallagher Re’s 1st View
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NewsBaden Baden: Expect further retrenchments post Ian - Ariel Re
Trapped collateral and a global retro freeze will further exacerbate supply demand imbalances at 1/1
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NewsQIC Global adopts Antares name and brand
QIC Global is part of the QIC Group, which is the largest insurance company in the Middle East
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NewsGlobal reinsurers split on nat cat risk
Around half of the top 21 have retrenched, with others increasig their exposure to natural catastrophe risk, finds S&P
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NewsClaims inflation could offset premium gains - Moody’s
The four largest European reinsurers reported a 47% decline in combined net profits for the first half of 2022
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NewsTop reinsurers achieve COR of 94% in H1 - Gallagher Re
This was supported by higher premiums, lower nat cat loss impact, higher prior year reserve development, and a lower expense ratio
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NewsReinsurance capital could shrink in 2022 - AM Best
Driven by losses in investment markets, another severe property cat season could prove “adverse”
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NewsMunich Re retains position as world’s largest reinsurer
Together, Munich Re and Swiss Re accounted for 24.3% of reinsurance gross premiums written in 2021 - AM Best
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NewsShift away from cat risks creating more “stable” market
A number of re-alignment initiatives have been taking place for at least the last three years, notes AM Best
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NewsArgo reveals $22.5m net loss for H1
With a combined ratio of 95.6%, the group benefited from more favourable pricing and its exit from catastrophe lines
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NewsAon taps University of California to enhance wildfire model
Recent events in North America have changed the perception of wildfire as a secondary peril
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NewsLloyd’s targeted by Mary Poppins-themed flash mob
Protestors called on Lloyd’s to take concrete climate action and protect the next generation
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NewsMichel Liès succeeds Denis Duverne as IDF chair
Liès is chairman of Zurich Insurance Group and formerly CEO of Swiss Re
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NewsQ1 nat cat economic losses reach $32 billion
Quarter was the sixth consecutive Q1 to record more than $10 billion in re/insurance claims
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NewsSIRC 2022 will be an in-person event
The reinsurance conference is returning on 31 October to 3 November at Singapore’s Sands Expo & Convention Centre
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NewsReinsurance Pool legislation passes in Australia
The risk pool for cyclone and cyclone-related flood will launch in just three months
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NewsGCC Secretary General welcomes reopening of Saudi Arabia-Qatar airspace
GCC Secretary General Dr. Nayef Mubarak Al Hajraf has welcomed the reopening of airspace and land and sea borders between Saudi Arabia and Qatar, announced by Sheikh Ahmad Nasser Al Sabah, Kuwaiti Foreign Minister.
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NewsBreakthrough reached in Gulf dispute with Qatar
The development is the latest in a series of Middle East deals sought by Washington - the others involving Israel and Arab states - aimed at building a united front against Iran.