Reinsurance
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Reinsurance capital up 6.8% at 1 Jan despite downward revision: AM Best
AM Best has revised its 2024 estimate of traditional reinsurance capital down to $500bn from $515bn, which was issued in…
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LA wildfires set to cost Europe’s top reinsurers 30% of nat cat budget
Insured losses from the ongoing wildfires in Los Angeles could cost Europe’s largest reinsurers more than 30% of their natural…
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Domange named CEO of Marsh McLennan France
Fabrice Domange has been appointed CEO of Marsh McLennnan France, in addition to his role as president of Marsh France.…
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CCR Re completes rebrand to Arundo Re
French reinsurer CCR Re has rebranded as Arundo Re, in a move that it says “marks a new chapter” following…
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Reinsurance rates fall for loss-free accounts as supply-demand shifts
The end-of-year reinsurance renewals were broadly down globally as expanded capital coupled with an increased appetite to take on risk…
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Europe’s 1/1 property renewals soften, but rates spike for cat-hit regions
Rates for loss-affected European property hardened at 1 Jan renewals, bucking the overall trend for softer rates, agreed brokers following…
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McGill launches war risk reinsurance facility for commercial property in Ukraine
Global specialty broker McGill and Partners has launched a war risk reinsurance facility to help provide commercial property insurance in…
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Aviation reinsurance renewals ‘most stable in years’: Aon
Aviation reinsurance renewals at 1 Jan were “the most stable in years”, with D&O flat as cyber, marine and energy…
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Casualty reinsurance renewals stable but US-exposed international cover under pressure
Casualty reinsurance renewals were stable at 1 Jan, despite concerns from reinsurers about adverse litigation, loss trends and its “bearish…
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Softening property reinsurance market across most regions, says Aon
Global property reinsurance rates were typically down in the mid-single to mid-teen percentage range at 1 Jan, but Canada, the…
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Guy Carp’s global reinsurance property index down 6.6% at year-end
Guy Carpenter’s Global Property Catastrophe Rate on Line Index (ROL) fell for the first time since 2016 at year end,…
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Reinsurance market softens at year-end
The reinsurance market softened at 1 Jan as new capacity ushered in a “new phase” focused on price reductions and…
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AIG leads launch of Syndicate 2478 at Lloyd’s
A new reinsurance syndicate at Lloyd’s, Syndicate 2478, has launched and will commence underwriting from 1 January 2025. The syndicate…
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Swiss Re raises targets for 2025 as insurance pricing ‘plateaus’
Swiss Re has set a net income target of more than $4.4bn for 2025 and a combined ratio of less…
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Munich Re and ERGO target higher profit in 2025
Munich Re is targetting further growth in profit next year to €6bn, with its ERGO unit expected to add €900m…
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Mapfre Re launches first cat bond
Mapfre Re has launched its first ever cat bond, becoming the second European carrier this month to tap capital markets…
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Aon and EBRD launch facility to ‘revitalise’ war risk market in Ukraine
Aon and the European Bank for Reconstruction and Development (EBRD) have launched an innovative war risk insurance facility to “revitalise”…
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Talanx issues $100m parametric cat bond for Chile quake
The German group Talanx has issued its first ever cat bond that should help deliver more capacity for Chilean earthquake…
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WTW to re-enter treaty reinsurance broking
Willis Towers Watson has confirmed it will re-enter the treaty reinsurance broking sector via a joint venture with Bain Capital.…
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Property reinsurance rates steady but casualty may harden, says Best
Global reinsurance property rates and terms have been relatively stable and are unlikely to change much over the near term…