All reinsurance articles – Page 5
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NewsNat cats will continue to test reinsurers in 2023 - Moody’s
However, strong price increases coupled with higher investment income from rising interest rates will boost profitability
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NewsGCC insurers benefit from strong premium growth
S&P expects a modest uptick in earnings if insurers continue to reprice underperforming business
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NewsEverest Re names Bogardus Singapore CEO
He will continue to lead the expansion of Everest Reinsurance’s Asia Pacific business
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NewsInsurance M&A hits post-pandemic peak in 2022
There were 449 completed M&As last year, the highest for a decade, with strong prospects for 2023, says Clyde & Co
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NewsLMA launches new chief underwriting officers committee
The new body intends to support Lloyd’s market members through guidance and strategy implementation
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NewsDavid Robinson appointed CEO of Optio Group
He was instrumental in establishing Optio Re MENA Ltd, which began trading February 2023
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NewsTotal Turkey quake claims will exceed $5 billion - RMS
These loss estimates reflect the impact of the earthquakes in Turkey only; losses in Syria are not included
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NewsMunich Re exceeds 2022 profit guidance
Reinsurer targets €4 billion profit in 2023 as chairman Wenning praises firm’s resilience after €1.6 billion Ian hit
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NewsHurricane Ian drives up Conduit Re loss ratio
Start-up’s ultimate loss estimate for Hurricane Ian is $40.9m as the reinsurer posts full-year combined ratio of 107%
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NewsAfrica Specialty Risks approved as a Lloyd’s coverholder
ASR will begin by offering Political Violence and Terorrism cover across 47 African countries
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NewsCyber ILS has ‘momentum to succeed’ - Lockton Re
Securitisation can help ease the capacity constraints of the current hard market
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NewsNew casualty-focused MGA Casper to launch in the UK
It will operate independently as a sister entity of Miller, with capacity support from Argenta
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NewsMerged insurtech platforms to supercharge treaty renewals
The tech speeds up submissions and improves accuracy of risk pricing, helping reduce reinsurers’ loss ratios
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NewsConsilium launches specialty treaty reinsurance division
Broker will offer both proportional and non-proportional solutions, for clients ranging from start-ups to mature insurers and MGAs
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NewsAM Best puts CCR RE ratings under review
Under the proposed transaction, CCR will sell approximately 70% of its interest in CCR RE
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NewsMS Reinsurance expands senior leadership team
Reinsurer taps Axis Re, Swiss Re and Partner Re for C-suite roles, based in Zurich
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NewsSwiss Re posts 2022 net income of $472m after tumultuous year
Large nat cat claims reached $2.7 billion as the P&C Re combined ratio rose to 102.4% for the full year
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NewsKCC pegs Turkey quake claims at $2.4 billion
Total economic property losses from the M7.8 and M7.5 earthquakes are expected to be close to $20 billion
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NewsWill this ‘circuit breaker’ market win back capital?
The perfect storm of 2022 has nourished the green shoots of investor optimism in 2023
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NewsBrit increases cyber consortium capacity by 50%
The product is designed to protect clients from the impact of physical damage arising from cyber-attacks
