Reinsurance
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December 19, 2022
Reinsurers pull cover for Ukraine cargoes with 1/1 war-risk exclusions: Bloomberg
Major reinsurers will pull cover from the start of next year for vessels going to and from Russia and Ukraine…
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December 15, 2022
Munich Re creates new global specialty insurance division
Munich Re is launching a new global specialty insurance division (GSI) to become a “powerful” player in the primary specialty…
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December 15, 2022
Munich Re predicts slight fall in profits at ERGO next year but improved CR
Munich Re expect its profits to increase to around €4bn next year from a target of €3.3bn in 2022, with…
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December 15, 2022
AM Best revises French cat reinsurer outlook to negative
AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (ICR) and affirmed the Financial…
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December 9, 2022
Swiss Re proposes two new board members for AGM
Swiss Re’s board of directors will nominate two new members, Vanessa Lau and Pia Tischhauser, at the group’s annual general…
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December 9, 2022
Hurricane Ian to add to hard market pressure, says Swiss Re
Hurricane Ian will add pressure to an already hardening (re)insurance market, according to Swiss Re. It said that as higher…
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December 8, 2022
Fitch follows S&P with Scor downgrade
Fitch has become the second major ratings agency to downgrade the financial strength rating of Scor, citing “continued weak financial…
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December 2, 2022
Mapfre Re injects €250m to tap hardening market
Spanish giant Mapfre will inject €250m in group capital to boost its reinsurance capacity and take advantage of rising rates.…
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November 30, 2022
Stable global reinsurance sector amid uncertainty in market conditions, says Best
Despite highly uncertain market conditions, AM Best is maintaining its stable outlook on the global reinsurance segment, with a number…
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November 25, 2022
Rates and terms to tighten at reinsurance renewals in Asia, says Best
AM Best analysts believe the upcoming reinsurance renewals in Asia will see reinsurers tighten rates and terms, causing insurers to…
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November 24, 2022
Cat claims to drive double-digit reinsurance renewal hikes: Fitch
Reinsurance rates for property catastrophe cover will increase by well over 10% at upcoming January 2023 renewals, according to Fitch…
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November 15, 2022
Talanx’s industrial lines see big premium jump as market hardens
Talanx’s industrial lines business reported a big jump in premiums and rising profits for the first nine months on the…
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7.12.2022
WEBINAR: 2023 international insurance programmes outlook
In this webinar we provide a market outlook for global programmes in 2023, and ask how much impact factors like…
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November 8, 2022
The role of the captive in a changing risk landscape
This week sees the start of the European Captives Forum in Luxembourg and a chance for insurers, brokers and captive…
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November 8, 2022
Munich Re says ‘sustainable offering’ only possible with higher prices
Munich Re reported a net profit of €527m in Q3, €1.9bn for the nine months and affirmed its 2022 targets,…
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November 4, 2022
Hannover Re says hardening will ‘gain impetus’ on back of nat cats
Hannover Re is the latest reinsurer to forecast a further upswing in rates at coming renewals because of the combined…
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November 3, 2022
Lancashire bullish on pricing outlook
Bermuda- and London-based reinsurer and specialty insurer Lancashire Holdings has announced higher-than-expected catastrophe losses for the third quarter, notably from…
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October 28, 2022
Hyperinflation drags on Mapfre’s nine-month earnings
Spanish insurer Mapfre reported net earnings of €488.4bn for the first nine months of 2022, down almost 7%, as the…
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October 28, 2022
Swiss Re posts loss despite decent results at Corporate Solutions
A $442m third quarter net loss has seen Swiss Re fall to a $285m loss for the first nine months…
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October 27, 2022
Everest Re, Axis Capital and Arch Capital report Q3 results hit by hurricane Ian
Exposure to hurricane Ian has driven Everest Re and Axis Capital to third-quarter losses while a third Bermudan reinsurer, Arch…