Reinsurance
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March 15, 2024
French nat cat carrier posts big technical loss from rising weather events
French state-backed catastrophe carrier CCR recorded a significant technical loss of €112m for 2023 due to heavy natural disasters in…
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March 12, 2024
Antares reports healthy growth in continued ‘positive’ market conditions
Antares Global, the Lloyd’s-based group of insurance and related service companies owned by Qatar Insurance, announced strong growth in 2023…
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March 6, 2024
Reinsurance prices to peak this year after ‘modest’ rises in months ahead: Moody’s
Global reinsurance prices are likely to peak at multi-decade highs in 2024 as competition intensifies, according to Moody’s. The ratings…
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March 6, 2024
Scor plans to ‘fully benefit’ from supportive market conditions
Scor continues its strong growth in the specialty insurance segment, and chairman Fabrice Brégier said during the company’s latest set…
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March 5, 2024
Aon appoints CEO of Bermuda reinsurance unit
Aon has named Roman Romeo as CEO of its Reinsurance Solutions Bermuda unit, effective 1 April, succeeding Tony Fox, who…
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March 1, 2024
European reinsurers’ underwriting margins close to peak, says Fitch
European reinsurers’ underwriting margins are close to peaking as supply-and-demand dynamics become more balanced, according to Fitch. “This is in…
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March 1, 2024
Reinsurers applying brake to insurance market softening
The return of more stable reinsurance market conditions is easing pressure on the commercial insurance space. But with no softening…
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February 29, 2024
Africa Specialty Risks in parametric reinsurance partnership
Africa Specialty Risks (ASR) has formed a landmark parametric reinsurance partnership with a leading European reinsurer. ASR said the partnership…
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February 27, 2024
P&C reinsurance dents Munich Re’s profits but ERGO performs well
Munich Re’s profit fell 13.4% last year to €4.58bn, despite improved performance at its primary unit ERGO, as P&C reinsurance…
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February 26, 2024
Berkshire Hathaway’s primary business sees underwriting earnings jump almost 250%
Berkshire Hathaway’s Primary Group, which includes Berkshire Hathaway Specialty Insurance (BHSI) and other primarily commercial units, increased its underwriting earnings…
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February 23, 2024
Reinsurance pricing could be affected by influx of alternative vehicles
Alternative-reinsurance vehicles could continue to be the primary source of new capacity in 2024, according to Bloomberg Intelligence. It said…
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February 16, 2024
Corporate Solutions boosts net income by 43% as Swiss Re rebounds after tough 2022
Swiss Re Corporate Solutions increased net income by 42% to $678m last year, as its parent group saw profits jump…
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February 15, 2024
Gallagher announces global facultative reinsurance exec changes
Arthur J Gallagher is establishing new hubs in Singapore and Sydney for its global facultative reinsurance business and expanding its…
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February 9, 2024
Everest posts 321% gain in net income to record $2.52bn
Everest Group booked record net income of $2.52bn for full-year 2023, up 321%, after a 21% surge in revenues and…
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February 8, 2024
Talanx expects record profit of €1.6bn in 2023
Germany’s Talanx expects to report record profit of €1.58bn for 2023, exceeding its original forecast of €1.4bn after earnings grew…
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February 7, 2024
Munich Re forms new parametric unit set to expand beyond nat cats
Munich Re has formed a global parametric team that is initially focused on natural catastrophe risk transfer solutions, in a…
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February 7, 2024
No sign of softening in French cat market as losses mount
The state-backed Caisse Centrale de Réassurance Group (CCR) has updated its estimate for the cost of flooding in Haut-de-France at…
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February 6, 2024
Scor reports surge in alternative solutions business
French reinsurer Scor has posted exceptional growth in its Alternative Solutions business at year-end renewals, up 191.5% to reach €500m.…
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February 2, 2024
Axis bullish on specialty lines despite reserve hit
Bermuda-based specialty insurer and reinsurer Axis Capital assured shareholders and policyholders that its underlying business is firmly on track despite…
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January 31, 2024
Guy Carp launches ‘ground breaking’ cyber cat solution
Guy Carpenter has launched what is describes a “ground breaking” cyber reinsurance product to help insurers manage catastrophe risk and…