All reinsurance articles
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Complacency is now biggest risk for insurers – Swiss Re’s Haegeli
Chief economist of Swiss Re Jérôme Haegeli spoke in London as the reinsurer launched its global economic and insurance outlook for 2025/26.
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Reinsurer ROEs rise on underwriting, investment results – AM Best
AM Best’s DuPont analysis indicated reserve leverage for the composite dropped, led by non-life reinsurers, other than the ‘big four’, whose reserve leverage was relatively stable.
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Milton makes Florida landfall south of Tampa
Hurricane Milton’s US landfall came at Siesta Key as a category three storm, leaving more than two million homes and businesses without power.
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GR Special Edition: Monte Carlo RVS 2024
This year’s annual print edition of Global Reinsurance for the Monte Carlo reinsurance Rendez-Vous de Septembre is packed with executive interviews, news and analysis and features on the latest trends facing international (re)insurance markets. The magazine, which will be on the stands at Monte Carlo, is FREE to download here.
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Discipline holds after ‘all time high’ – Hiscox Re & ILS
Matthew Wilken, chief underwriting officer (CUO) of Hiscox Re & ILS thinks pricing discipline and fresh demand mean the reinsurance market is in “a good place” this summer. He is responsible for the reinsurance carriers’ book of more than $1bn gross premium.
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Where are all the new reinsurers?
A hardening market usually heralds the arrival of new reinsurers, but this has not happened in 2023 and 2024. Two analysts from AM Best recently sat down with Global Reinsurance to try to explain why.
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DWIC 2024 post event report: From Uncertainty to Opportunity
An event report on this year’s record-breaking Dubai World Insurance Congress, in association with the Dubai International Financial Centre Authority.
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Mapfre Re gains Chinese approval for Beijing branch
The reinsurance arm of the Madrid-based insurer has gained approval from China’s National Financial Regulatory Administration.
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Brit appoints ex PartnerRe CEO Bonneau to Brit Re’s board
Appointment of former PartnerRe CEO Jacques Bonneau as a non-exec director to support “strategic expansion of Brit’s Bermuda presence”.
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Guy Carpenter launches Capital & Advisory group
Alexander Schnieders, a former banker at Goldman Sachs, has been appointed global head of capital and advisory for the reinsurance broker.
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Geneva Association appoints new chair
President and CEO of AIA takes over the chairman role of the (re)insurance industry body.
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Lockton Re cyber cat report focuses on reinsurance consequences
A reinsurance broking report shines a spotlight on the consequences of a potential cyber catastrophe across the re/insurance value chain.
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Ascot appoints Craigs to lead third party capital initiatives in Bermuda
Ascot’s new appointment Charles Craigs most recently served as Bermuda CEO of Canopius and group head of that carrier’s reinsurance underwriting.
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Stronger results at Hannover Re, Munich Re, SCOR, Swiss Re – Moody’s report
Improved underwriting results have driven strong earnings and improved resilience at the four biggest continental European reinsurers, according to rating agency Moody’s.
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New record of 142 nat cats adds up to $108bn in 2023 – Swiss Re
Swiss Re Institute said frequency of events is main driver of insured loss accumulation, with severe convective storms accounting for a record $64bn last year.
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Reinsurance pricing to peak in 2024, but claims inflation and cat risk persist – Moody’s
Moody’s expects continued strong demand for reinsurance and higher investment yields, to drive attractive RoEs for the sector in 2024, assuming no large catastrophe events.
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Meyenhofer appointed CEO of PartnerRe in leadership reshuffle
The Bermudian reinsurer announced the retirement of Jacques Bonneau and several appointments to its senior leadership team.
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Hannover Re expects €2.1bn profit for 2024 with P&C re to lead revenue growth
The German reinsurer has set out its financial ambition for 2024-2026 strategy cycle, including reinsurance revenue expectations of more than 5% growth next year.
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French reinsurer SCOR reported group profit of €147m in Q3
SCOR generated €147m net income in Q3 2023, contributing to a “strong nine-month performance” with a net income of €650m.
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Insurers should brace for more civil unrest, warns new predictive SRCC model
Political violence risks have worsened globally since 2021, and 85% of US cities face high SRCC risks in next 12 months, writes Torbjorn Soltvedt, principal analyst at risk intelligence company Verisk Maplecroft.