Reinsurance
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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…
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January 30, 2024
Reinsurance tightening to hit local primary industrial fire markets
The recent January reinsurance renewal saw treaty reinsurers take a tougher stance on large industrial fire accounts that will likely…
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January 29, 2024
Insurers tap captives to weather reinsurance renewals
Insurers in catastrophe-exposed states can use captives to soften the effect of reinsurance rate hikes and higher attachment points, a…
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January 26, 2024
Rates increases fall to 2% in Q4 but still rising: Marsh
Marsh said primary insurance rate increases of 2% in Q4 slowed on the 3% rise recorded in Q3 2023. But…
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January 24, 2024
Reinsurance market expected to soften in 2025: Fitch
Fitch Ratings says that reinsurance market conditions are likely to start to soften in 2025. The ratings agency notes reinsurers’…
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January 24, 2024
Moody’s says reinsurance pricing remains firm, but not rising
The January 2024 reinsurance renewals showed moderate price increases across most lines of business due to balanced supply and demand…
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January 19, 2024
Munich Re Specialty names Marks COO
Jeff Marks has been named as chief operating officer of Munich Re Specialty Insurance, which serves companies in North America.…
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January 9, 2024
Guy Carp’s property cat reinsurance index up 5.4% at 1 Jan
Guy Carpenter’s Global Property Catastrophe Rate on Line (ROL) Index increased 5.4% at 1 January 2024 renewals compared to the…
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January 5, 2024
US raises reinsurance cover for NFIP flooding losses by 23% for 2024
The US Federal Emergency Management Agency (FEMA) has increased traditional reinsurance cover for its National Flood Insurance Program (NFIP) in…
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January 4, 2024
Reinsurance renewals ‘smooth’ but cost of European cat cover up: Aon
The 1 January reinsurance renewals were “relatively smooth” with overall pricing flat to slightly up, but things were tougher for…
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January 2, 2024
Flat 1 Jan reinsurance renewals as stability returns
January 1 2024 reinsurance renewals were much more stable and smooth than last year due to more favourable supply dynamics,…
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January 1, 2024
International Group secures P&I rate reductions for all vessel types
The International Group (IG) of P&I Clubs, which secures liability pooling and reinsurance cover for the 12 P&I Clubs and…
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December 20, 2023
Cyber reinsurance market expands with cat bonds issuance
The recent issuance of a cyber catastrophe bond by Axis Capital Holdings capped a year in which the insurance-linked securities…
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December 19, 2023
Allianz secures €250m cat bond for European windstorm
Allianz has sponsored a €250m catastrophe bond to protect its own account from European windstorm risks. The three-year reinsurance deal,…
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December 15, 2023
Munich Re targets net profit growth to €5bn in 2024
Munich Re is targeting further growth in 2024 setting a net profit target of €5bn, which it says will be…
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December 12, 2023
Hannover Re targets 24% growth in 2024 net income to €2.1bn
Hannover Re said it expects group net income to increase by 24% in 2024 to total €2.1bn. Announcing new targets…
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December 6, 2023
Free cyber risk platform rolled out to help buyers and spur ILS market
Cyber risk quantification specialist DeNexus has made its cyber risk assessment platform available for free to industrial companies, in a…
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December 5, 2023
Howden accelerates Swiss growth with Haakon buy
Howden has acquired Swiss reinsurance broker Haakon, furthering its expansion in Switzerland after acquiring three brokers in the country in…