Reinsurance
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August 25, 2022
Catastrophe bond issuance falls in first half
New issuance of property and casualty catastrophe bonds totalled $8bn in the first half of 2022, down 8.9% from the…
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August 24, 2022
Commercial lines rates drive ‘exceptional’ premium growth in H1 2022, says Gallagher Re
Global (re)insurers have reported average premium growth of 12% in the first half of 2022, with the strongest increases coming…
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August 23, 2022
Reinsurance capacity to shrink in 2022 after ten years of growth: AM Best
Reinsurance capacity is expected to retreat in 2022, with double-digit growth seen last year “shortlived”, according to analysis from AM…
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August 18, 2022
Top 50 reinsurer ranking driven by rate increases in 2021: AM Best
Between one third to a half of premium growth recorded by the world’s largest reinsurers last year was driven by…
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August 17, 2022
Ocean International Re acquires London’s Oceva Risk Solutions and targets European expansion
Barbados-based reinsurer Ocean International Reinsurance has acquired London-based Oceva Risk Solutions as part of the company’s plans to expand internationally.…
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August 15, 2022
Reinsurers to stand firm in coming renewals despite ‘plentiful’ capital: AM Best
Corporate insurance buyers shouldn’t expect softening in the reinsurance market during coming renewals to help their cause, despite decent combined…
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August 11, 2022
Reinsurance M&A activity will be ‘limited’ over short term, says Fitch
Reinsurance M&A will be “limited” during 2022 and into next year due to investors’ concerns about macroeconomic risks and heightened…
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August 9, 2022
No relief in sight for insurance and reinsurance buyers says Munich Re
Munich Re reports strong reinsurance renewals on 1 July, particularly in the US, Latin America and Australia. Prices across its…
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August 4, 2022
Hannover Re’s H1 P&C profits slide after €316m reserves against Ukraine
Hannover Re’s P&C business saw its net income fall 33% to €398.6m in the first half of this year, after…
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August 4, 2022
Swiss Re launches new company to attract cat bond and other investments
Swiss Re has launched a new investment advisory company with a focus on cat bonds to bring more capital into…
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July 29, 2022
Aon reports strong revenue growth on back of ‘modestly positive’ market
Aon has reported further strong second-quarter revenue growth on the back of the ongoing firm global insurance market and a…
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July 29, 2022
Gallagher reports 26% jump in Q2 revenue and warns reinsurance hardening will impact primary rates
Arthur J Gallagher said reinsurance market hardening will show in primary pricing as it reported $2.01bn total revenue for the…
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July 29, 2022
Swiss Re Corporate Solutions sees H1 profits fall 16% but CR remains below full-year target
Swiss Re Corporate Solutions saw its net income fall 16% to $220m in the first half as it suffered heavy…
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July 13, 2022
Scor set for €200m loss from Brazil drought
Scor expects losses of just under €200m from the droughts in Brazil during the first half of this year. The…
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July 1, 2022
Reinsurance market moving towards ‘true hard’ territory as buyers struggle at mid-year renewals: Aon
Reinsurance buyers faced a near-perfect storm during June and July property renewals as capacity constraints collided with rising demand for…
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July 1, 2022
Macroeconomic volatility causes reinsurance hardening to accelerate
Reinsurance cost continued to rise at the June and July renewals as the market pulled back from catastrophe exposures amid…
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July 1, 2022
AXA SA becomes group reinsurer after merger with captive
AXA has completed the conversion of AXA SA from the group holding company to internal reinsurer, following a merger with…
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June 29, 2022
BMS to double scale under new UK CEO
Broker BMS plans to more than double the scale of its specialty (re)insurance business through selective growth, according to its…
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June 15, 2022
Worst may be over for tough cyber reinsurance market
The cyber liability reinsurance market remains restricted but more capacity is expected to enter the sector, albeit slowly and cautiously,…
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June 10, 2022
Howden buys TigerRisk Partners in reinsurance and capital markets expansion
TigerRisk Partners has been acquired by Howden Group for an undisclosed amount, subject to regulatory approvals, creating what Howden calls…