Reinsurance
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Reinsurance capital declines but financial strength remains, says Gallagher
Total capital dedicated to the global reinsurance industry declined 11% at half-year 2022 (HY 2022), according to a report from…
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Europe’s ‘big four’ reinsurers improve results despite nat cat losses, says Best
Europe’s ‘big four’ reinsurers – Munich Re, Swiss Re, Hannover Re and SCOR – benefited from material premium rate increases…
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Reinsurers turn from property nat cat to casualty and specialty: Best
The reinsurance sector continues to see positive and negative drivers affecting the market cycle which have tended to counter each…
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Big four reinsurers see price firming continue at mid-year renewals
Premium rate increases maintained an upward trend through the year for the big four European reinsurance groups, according to an…
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Net premiums written by leading US reinsurers rise in first half
Net premiums written during the first half of this year increased to $42.1bn from $37.1bn in the year-earlier period among…
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Nat cats and weaker investments halve profits for Europe’s top four reinsurers, says Moody’s
Net profits from Europe’s four largest reinsurers dipped 47% in the first half of 2022, according to analysis by Moody’s,…
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US and Bermudan reinsurers to push underwriting profits further in 2022, says AM Best
US and Bermudan reinsurers are on track to further improve underwriting margins in 2022 after returning to profit in 2021,…
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Non-life reinsurance rate increases continue to exceed loss cost trends, says Fitch
Non-life reinsurance rate increases continue to exceed loss cost trends, with reinsurers’ profitability increasing slightly in the first half of…
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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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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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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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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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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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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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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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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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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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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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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…