Best Read Reinsurance Headlines
Headlines from our Reinsurance Topic Page with the most time spent reading.
#1 Hong Kong’s Floods to Hit Insurers’ Earnings, Could Pressure Reinsurance Renewals
Sep 18 2023 // The recent devastating floods following Super Typhoon Saola in Hong Kong and other parts of China may add further pressure to the upcoming reinsurance renewals in January, according to an AM Best commentary. The overall...
#2 From Disorderly to Orderly Reinsurance Renewals – What a Difference a Year Makes
Sep 21 2023 // One of the themes at this year’s reinsurance Rendez-Vous de Septembre (RVS) was that reinsurers have rediscovered client need, client interest and have again started to put clients at the center of conversations,...
#3 Appetite for Cat Exposures Returns; Reinsurers Stay Disciplined in Mid-Year Renewals
Jul 6 2023 // Capacity was more readily available during the mid-year renewals, which brokers described as “orderly,” in comparison to the turbulent January renewals. At the same time, prices saw some moderating trends while...
#4 KBRA: Florida Insurers Got Creative in 2023 but Higher Reinsurance, Storms Coming
Dec 13 2023 // Things are looking up in the buffeted Florida market, but reinsurance rates will continue to rise for the next two years, and a 2024 hurricane season could be busy. It all suggests that property insurers will continue to...
#5 Viewpoint: Reinsurance Solution Would Help Homeowners Exposed to Wildfires Face the Challenge
Oct 12 2023 // Wildfire has become an increasingly challenging threat in many Western States. With an ever-increasing frequency and intensity, this continues to pose a serious threat to lives and properties across the exposed area....
#6 Will S&P Change ‘Negative’ Reinsurance Outlook to ‘Stable’ in 2023?
Jul 14 2023 // While no one directly asked the question of this article’s headline at the S&P Global Ratings June annual insurance conference, the prospect that an outlook change is near came into view during the industry...
#7 Conditions Are Challenging, Claims Are Elevated, but Reinsurers’ Profits Return: Reports
Aug 22 2023 // Despite extremely challenging conditions, with persistent and elevated claims activity, the global reinsurance segment returned an underwriting profit in 2022, according to an AM Best report. “Reinsurers generally...
#8 Liability Reinsurance Crisis Could Be Looming, TransRe CEO Says
Jun 7 2024 // “There could be a liability crisis in reinsurance in a couple of years,” a reinsurance executive predicted this week. Ken Brandt, chair, president and chief executive officer of TransRe, offered the assessment...
#9 AXA Weighs Offloading $2B Reinsurance Arm to Cut Exposure to Disasters: Sources
Jul 12 2023 // One of the world’s top insurers is mulling offloading its property reinsurance business in a bid to cut its exposure to natural disasters like hurricanes, according to three people familiar with the matter. French...
#10 AM Best: Idalia Will Put Pressure on Underwriting Results, Could Tighten Reinsurance
Sep 1 2023 // Hurricane Idalia, with estimates of insured losses as low as $2 billion, will nonetheless affect underwriting results for a number of carriers, the AM Best financial rating firm said in a report released...
#11 Reinsurance Market Outlook ‘Stable’ on Improved Rates, Higher Demand: AM Best
Nov 30 2023 // Substantial rate improvements, higher attachment points and rising investment income are combining with increased demand for reinsurance cover to create a stable outlook for the global reinsurance sector, according to AM...
#12 Reinsurance Association Releases Paper on California Homeowners Insurance Market, Urges Policymakers Consider Risks of Inaction
Sep 5 2023 // The Reinsurance Association of America has come out with a white paper on the California homeowners insurance market that urges policymakers consider the risks of inaction. The paper, “Dynamics and Challenges in...
#13 Reinsurers Cautious About US Regional Property Cat as Storm Losses Rise: Gallagher Re
Nov 22 2023 // After a costly 2023 severe convective storm season in the US, reinsurers underwriting in the regional property catastrophe market are skeptical about providing frequency cover, but their overall appetite remains healthy,...
#14 People Moves: Everest Insurance Int’l Taps Brionne and Benson From Chubb, Promotes Mah; SiriusPoint Hires TMK’s Kattan as Global Head of Ceded Reinsurance
Jul 28 2023 // This edition of International People Moves details appointments at Everest Insurance International and SiriusPoint. A summary of these new hires follows here. Everest Insurance Int’l Taps Chubb’s Brionne,...
#15 Reinsurance Rates to Rise in 2024, Soften in 2025: Fitch
Sep 8 2023 // Reinsurance rates are likely to continue to rise in 2024, though at a slower pace than in 2023, and prices will start to fall in 2025, Fitch Ratings analyst Robert Mazzuoli told Reuters on Thursday. Reinsurers – who...
#16 Reinsurance Execs From Convex, Swiss Re Set Pacific Record in World’s Toughest Row
Jul 24 2023 // Reinsurance executives from Convex Group Ltd. and Swiss Re completed The World’s Toughest Row, a race from California to Hawaii, breaking a world record as the fastest mixed-gender crew in history to complete the...
#17 Reinsurers’ Performance Keeps Improving on Underwriting Profits, ROE: Gallagher Re
Sep 6 2023 // Reinsurers reported “a robust increase” in their capital base, improved underwriting profits as well as higher returns on equity and investment income, according to a Gallagher Re report. The reinsurance...
#18 More Funding for U.S.-Based Provider of Retained Climate Risk Reinsurance
Aug 17 2023 // Demex Group raised $5 million from a syndicate of existing and new investors the company says will address accumulating losses caused by secondary perils. The managing general agent, which “operates at the...
#19 S&P Raises Reinsurance Sector View to Stable From Negative as Rates Keep Rising
Sep 5 2023 // S&P Global has raised its view of the global reinsurance sector to stable from negative, it said on Tuesday, due to higher reinsurance rates and increasing investment income, while rival Moody’s kept its outlook...
#20 Update: James River to Exit Reinsurance, Agreeing to Sell JRG Re to Fleming for $277M
Nov 8 2023 // James River Group Holdings Ltd. announced it has entered into a definitive agreement to sell JRG Reinsurance Co. Ltd., its casualty reinsurance business, to Fleming Intermediate Holdings. The total estimated transaction...
