Property and casualty reinsurers have displayed underwriting discipline during this year’s renewals, continuing with rate corrections that began several years ago, despite the pressures of abundant capacity. Prices continued to harden during the first half of 2021 – albeit with …
Global life and non-life insurance and reinsurance COVID-19 claims are approaching $50 billion, which has had a significant burden on reinsurers, according to Mike Van Slooten, head of Business Intelligence for Aon Reinsurance Solutions. For example, the four major European …
Global property/casualty premiums are expected to more than double to US$4.3 trillion in 2040 from US$1.8 trillion in 2020 – growth driven by economic development, urbanization and climate change, according to Swiss Re’s latest sigma study. The study revealed that …
SCOR announced changes to its group executive committee, which aim to facilitate the reinsurer’s next phase of strategic development. SCOR said all the changes were made with internal promotions. The following group executive committee members continue to serve in their …
Munich Re replaced Swiss Re as the largest reinsurer in AM Best’s annual ranking of the Top 50 Global Reinsurance groups in 2020, marking a return to a position that it last held in 2017. Swiss Re held the top …
Global reinsurers’ underwriting performance will continue to improve in 2022 as premium rate increases take hold, with further rate hikes expected as a result of higher catastrophe losses, continued low interest rates and mounting inflation concerns, according to Fitch Ratings …
This edition of International People Moves details reinsurance-related appointments at two brokers: Aon Reinsurance Solutions and TigerRisk as well as MGA Nexus and AXIS Re. A summary of these new hires follows here. Aon Transforms Reinsurance Solutions Team with 6 …
The four largest European based reinsurers – Munich Re, Swiss Re, Hannover Re and SCOR – reported sharply higher profits in the first half of 2021, compared with the same period in 2020 — as a result of lower COVID-19 …
The first half financial results, reported by a group of six reinsurers over the past week, generally show a strong return to profits after last year’s challenging market conditions. A wrap-up of these H1 results follows for Swiss Re, Everest …
Casualty is proving its value as a good diversifier for reinsurers, especially given the positive primary rate movement seen in recent years, according to an Aon report. The combination of challenged property experience, robust primary casualty rate levels and thoughtful …
