Reinsurance
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September 11, 2023
Swiss Re expects reinsurance market hardening through 2024
Swiss Re expects the “disequilibrium” between supply and demand to persist in non-life reinsurance through 2024 and, along with still…
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September 11, 2023
AM Best upgrades Swiss Re’s rating outlook on back of hard market
AM Best has revised the outlook on Swiss Re’s ratings to stable from negative following a series of improved underwriting…
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September 8, 2023
Reinsurance property prices to increase further in 2025
Further price rises in reinsurance property lines are likely in 2024, together with tighter terms and conditions, though the increases…
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September 8, 2023
Aon to push for catastrophe reinsurance rate reductions at 1/1
Aon sees limited scope for price reductions at the January 2024 renewal, following an increase in reinsurer capacity and appetite…
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September 8, 2023
Bermudian (re)insurers diversifying into less volatile lines, says S&P
Bermudian (re)insurers are re-emphasising underwriting discipline, including their pricing strategies, and diversifying into less volatile lines, according to S&P Global…
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September 7, 2023
Reinsurers remain disciplined despite capacity inflows
Reinsurance capacity is increasing ahead of the January 2024 renewals, but softening seems unlikely as reinsurers maintain discipline, according to…
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September 7, 2023
Insurers face challenges over weather-related risk as reinsurers pull back
Insurers are facing larger and more unpredictable weather-related losses as a result of growing insured exposures, high reconstruction costs and…
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September 7, 2023
McGill launches German and Swiss operations
McGill and Partners, the fast-growing global boutique specialist (re)insurance broker launched in 2019, has expanded its reinsurance offering with office…
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September 7, 2023
Scor targets specialty and alternative solutions for corporate customers
Scor has pledged to drive growth in alternative solutions for corporate customers as it adopts a more prudent approach to…
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September 5, 2023
S&P goes to stable from negative on reinsurance sector
S&P has revised its outlook on the global reinsurance sector to stable from negative on the back of the hardening…
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September 4, 2023
Reinsurance buyers expect prices to continue to rise
Reinsurance prices are expected to continue to rise across all lines in 2024, reflecting ongoing claims inflation, particularly in property…
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September 4, 2023
Cyber war exclusions likely to come under further scrutiny later this year, warns CyberCube
CyberCube believes that a rise in nation-state cyberattacks later this year will force the (re)insurance industry to once again revisit…
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September 4, 2023
European primary insurers retaining more cat risk as reinsurance costs soar
Reinsurers have reduced their coverage of natural catastrophe risk and significantly increased their pricing in 2023 and as a result,…
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September 4, 2023
RenRe gets green light from EC to buy AIG’s Validus Re
RenaissanceRe has received regulatory approval from the European Commission to acquire Validus Re from AIG. The EC cleared the deal,…
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September 4, 2023
Markel discloses Vesttoo exposure
Markel said letters of credit (LOC) it held backing more than $125m in collateralised reinsurance deals involving troubled reinsurance intermediary…
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August 31, 2023
Top four European reinsurers expect hard market to continue
The four largest European reinsurers reported a big increase in combined net results for the first half of 2023, and…
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August 30, 2023
S&P puts Echo Re in line for ratings upgrade
S&P has upgraded the outlook for Swiss reinsurer Echo Re to positive and affirmed its A- credit and financial strength…
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August 29, 2023
Cyber insurance growth depends on reinsurance, says S&P
Further growth in the cyber insurance market will depend heavily on reinsurance to provide capital and manage accumulation risk, according…
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August 25, 2023
Dedicated reinsurance capital fell in 2022 but expected to pick up in 2023
Total dedicated reinsurance capital in 2022 declined, ending a decade-long upward trend, according to AM Best, driven by investment losses…
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August 25, 2023
Reinsurers to back more cat risk: S&P
Top global reinsurers are ready to take on more natural catastrophe risk as price increases over the past few years…