Reinsurance
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Air India crash will harden global aviation (re)insurance market, says GlobalData
The Air India plane crash is set to harden the global aviation insurance and reinsurance markets, according to GlobalData. It…
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Howden acquires Peruvian reinsurance broker
Howden has acquired a Peruvian reinsurance broker, Innova Re, adding to Howden Peru’s existing retail operations in the country, where…
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Aon names Hartung global head of event response
Aon has appointed Dan Hartung global head of event response for risk capital, where he will help insurers prepare and…
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New catastrophe bond provides Fidelis with reinsurance protection
Specialty insurer Fidelis Insurance Bermuda Limited (FIBL) has successfully closed a new catastrophe bond that will provide the Fidelis Insurance…
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Reinsurance rates moderate further at 1 June: Howden Re
Rates for property catastrophe reinsurance continued to moderate at 1 June renewals, with risk-adjusted rate on line flat to down…
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Deutsche Rück reports premium growth and stronger reserves
Düsseldorf-based reinsurer Deutsche Rück reported strong premium growth across various lines and a healthy increase in total resources for full-year…
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Europe’s top reinsurers on track for 2025 targets, despite Q1 nat cats
European reinsurers remain on track to achieve “ambitious” 2025 targets, according to Fitch Ratings, despite significant losses from wildfires in…
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Inflation driving cat bond market growth
Hedge fund Fermat Capital Management expects the catastrophe bond market to grow 20% this year, as the product gains ground…
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Liberty Mutual Re launches parametric cover for Colombian farmers
Liberty Mutual Reinsurance (LM Re), part of the Liberty Mutual Insurance Group, has launched a parametric agriculture product to protect…
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Corporate Solutions’ numbers hold up as Swiss Re hit by cat losses
Swiss Re Corporate Solutions saw its insurance service result improve by 13% in Q1 to $240m and its combined ratio…
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Hannover’s P&C service result down almost 50% after heavy wildfire losses
Hannover Re’s net income fell 13.9% in the first quarter to €480m as Californian wildfire losses busted its budget expectations.…
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Munich Re Global Specialty Insurance’s profit down 95% after LA wildfire loss
Munich Re’s Global Specialty Insurance (GSI) saw its net result fall 95% to €8m in Q1 after booking a €200m…
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Less than half of Europe’s top insurers expect rates to drive profit in 2025
The majority (80%) of European insurers’ chief financial officers (CFOs) rank low economic growth as the top concern for 2025,…
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New reinsurance platform launched in Abu Dhabi
A new AI-driven reinsurance platform is being launched in Abu Dhabi to help accelerate the growth in the Gulf region…
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Scor ‘weathers’ softening market as Q1 net income rises to €200m
Scor has recorded a 2% increase in net income to €200m for the first quarter of 2025, after adjustments, as…
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Verisk releases model to quantify US SRCC impact
Verisk Maplecroft is releasing a model to help quantify the financial impacts of strikes, riots and civil commotion (SRCC) in…
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Howden Re says cyber market will need more retrocession capacity
Howden Re says there has been a marked shift from proportional to non-proportional cover bought by cyber cedents, warning that…
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Talanx says Q1 profit backs full-year forecast
European insurance group Talanx said it expects to book a 5% increase in net income to €604m for the first…
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Ferma backs Eiopa and ECB proposal for EU-wide nat cat pool
Ferma is backing proposals for an EU public-private reinsurance scheme to mitigate the impact of natural catastrophes put forward by…
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Investor appetite fails to materialise for new Swiss reinsurer
Steve Arora, former CEO of AXIS Re, has announced that his plans to launch new $1bn European reinsurer Alpine Re…