Reinsurance
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Property reinsurance rates steady but casualty may harden, says Best
Global reinsurance property rates and terms have been relatively stable and are unlikely to change much over the near term…
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Historic floods put Spain’s cat pool in the spotlight
The tragic floods that hit the south of Spain in early November put the work of Consorcio de Compensación de…
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Hannover Re CEO Henchoz hands over to Jungsthöfel
Hannover Re has announced CEO Jean-Jacques Henchoz will leave the role on completing his current term at the end of…
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Munich Re’s Q3 profit down 20% after nat cat losses
Munich Re said it remains on track to outperform its 2024 profit target despite booking a 20% drop in its…
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Lockton Re predicts changing tide for US casualty
The US casualty market is near an inflection point and “may be close to turning the page on additional reserving”…
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Non-life cat bond issuance on record pace: Fitch
This year should set a highwater mark for the issuance of non-life catastrophe bonds, said Fitch Ratings. “We expect YTD…
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HDI Global calls on reinsurers to take more risks
Reinsurers must take more risks in order to help the market provide covers for nat cat events, urged European P&C…
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Munich Re Q3 results hit by nat cat losses
Munich Re said higher-than-average losses from natural catastrophes have impacted its Q3 results, as it posted a preliminary net result…
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Munich Re ‘ready’ to meet demand in Europe
Munich Re said it “stands ready” to use more of its capital in European markets to meet growing demand in…
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Hurricanes ensure high reinsurance rates
Insurance buyers hoping for a cut in reinsurance rates will be disappointed following a spate of late summer storms and…
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German reinsurer warns of price hikes after nat cat losses
Germany’s reinsurers will react to the recent string of severe weather events in the country with further rate increases at…
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Traditional and ILS reinsurance capital set to grow
The amount of traditional and non-traditional reinsurance capital is set to grow over the next several years, experts say. With…
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Liberty Mutual to provide parametric earthquake coverage
Liberty Mutual Re, the reinsurance division of Liberty Mutual Insurance, has partnered with technology company Safehub to provide the University…
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Rendez-Vous survey reveals 56% expect rate hikes at January renewals: Fitch
More than half of reinsurers (56%) and other market players think prices will increase at January 2025 renewals, according to…
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CCR Re rebrands as Arundo Re
CCR Re has announced it will operate under the new name of Arundo Re from January 2025. It follows a…
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Munich Re’s Michellon becomes chief executive for continental Europe
Munich Re’s Patrice Michellon has announced his appointment as chief executive of continental Europe at the reinsurer. Michellon said on…
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Reinsurers call for casualty rate hikes and overhaul of claims practices
Reinsurers are calling for further casualty rate increases and a renewed focus on claims settlement practices to counter the effects…
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Reinsurance buyers look for rate relief on property cat exposures
Commercial reinsurance property rates have peaked as new capacity entered the market over the past year following sharp price hikes…
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US casualty reinsurers pushing for double-digit rate hikes: Fitch
Reinsurers will be pushing for double-digit rate increases in the run-up to January’s US casualty renewals, according to Fitch Ratings.…
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Berenberg foresees single-digit property cat reinsurance rate reductions
Unless there are big losses in the rest of this year, Berenberg expects property cat reinsurance rates to fall at…