Lloyd’s modernizing framework for dealing with poor conduct in reinsurance market
Lloyd’s plans to update its framework for for dealing with poor conduct & behaviors, addressing both financial and nonfinancial issues in the market
Reinsurance News
Latest Global Reinsurance news & research of world’s reinsurance industry. Explore latest insights, trends & breaking reinsurance market news from Beinsure Media.
Reinsurance news covers the latest trends in the reinsurance sector and offers updates on key industry events, regulatory changes, and major transactions. It highlights significant deals, strategic shifts, and innovations impacting reinsurers. You will find information on reinsurance market dynamics, emerging risks, and the financial health of leading reinsurance groups. The content is tailored for industry professionals seeking timely and relevant insights to navigate the evolving reinsurance landscape.
25% rise in London company reinsurance treaty premiums, reaching £11 bn
Data from the International Underwriting Association (IUA) shows a 25% rise in London company reinsurance treaty premiums over the past year, reaching £11 bn
Coalition Re introduces Non-Proportional Cyber Reinsurance
Coalition has set up its reinsurance intermediary, Coalition Re, to offer capacity for non-proportional cyber reinsurance treaties along with a white-labelled cyber insurance
Connect Underwriting launched BRICS UW, a reinsurance MGA
Connect Underwriting Limited, a specialist reinsurance MGA, has launched BRICS UW, a reinsurance MGA focused on emerging markets, pending regulatory approval
Hannover Re anticipates reinsurance prices & conditions to remain on a stable level
Hannover Re anticipates prices and conditions to remain on a sustained stable level for the treaty renewals in property and casualty reinsurance as at 1 January 2025
Demex Group, reinsurance & analytics firm, raised $10.3 mn in Series A
The Demex Group, a firm specializing in stop-loss reinsurance protection and risk analytics, raised $10.25 mn through a Series A and previous SAFE funding round
Renewals in 2024 have seen reinsurance pricing gradually decrease
Aon launched its Ultimate Guide to the Reinsurance Renewal – September 2024 report, which contrasts the robust financial results of the reinsurance industry against a backdrop
ICEYE and Aon enhances real-time disaster data for reinsurers
ICEYE, a satellite-based disaster management provider, announced that Aon has expanded its data licensing agreement. Aon will now include ICEYE’s Flood Insights data
Fitch Ratings revised Global Reinsurance Sector Outlook to ‘Neutral’
Fitch Ratings has changed its outlook for the global reinsurance sector from “improving” to “neutral,” noting that the pricing cycle has likely peaked
Lloyd’s of London Results: £4.9bn profit, £30.6bn premium for H1 2024
Lloyd’s of London, a leading global insurance and reinsurance marketplace, reported solid results for the first half of 2024 with a profit before tax of £4.9bn
Swiss Re reported a net income of $2.1 bn, ROE of 20% for H1 2024
Swiss Re reported a profit of $996 mn in the second quarter of 2024, resulting in a net income of $2.1 bn and a return on equity (ROE) of 20% for the first half of the year
Reinsurance market reset by global reinsurers led to strong technical profits
A strategic reinsurance market reset by global reinsurers led to strong technical profits and altered industry dynamics, according to AM Best
Munich Re achieves profit of €3.8 bn in H1 2024
Munich Re generated a net result of €1,623 mn in the second quarter of 2024 and €3,763 mn in H1 2024. Insurance revenue from insurance contracts issued rose
AM Best upgraded Financial Strength Rating and Credit Ratings of Lloyd’s
AM Best has upgraded the Financial Strength Rating and the Long-Term Issuer Credit Ratings (Long-Term ICR) of Lloyd’s
IRDAI grants approval for InsuranceDekho to enter reinsurance broking
Indian insurtech platform InsuranceDekho has gained approval from the Insurance Regulatory and Development Authority of India (IRDAI) to enter the reinsurance broking
Guy Carpenter estimates $35-40bn in add property catastrophe reinsurance purchased
Guy Carpenter’s review from January to July 2024 estimates $35-40bn in additional property catastrophe reinsurance purchased globally due to favorable conditions
Bermuda reinsurer Martello Re raised $935 mn of equity funding
Martello Re, a Bermuda-based life and annuity reinsurer, closed a second round of equity funding, raising $935 mn from existing and new shareholders
Lloyd’s insurers expected to hit targets, says JP Morgan
JP Morgan has estimated changes for Lloyd’s insurers ahead of their first-half 2024 results, expecting them to meet their 2024 guidance
Lloyd’s Inclusive Futures Coalition funds & supports 3 key initiatives
Lloyd’s launched the Inclusive Futures Coalition, a group of market firms and delivery partners leading the Inclusive Futures program
Reinsurtech Supercede sequred $15 mn in a Series A
Digital reinsurance platform Supercede has sequred $15 mn in a Series A funding led by Alven, with participation from Mundi Ventures, Outward, Seedcamp
Reinsurers reducted rates for property catastrophe risk and coverage
Insurers achieved positive mid-year renewal results. These included reinsurance rate reductions for property catastrophe risk
A.M. Best revised outlook for global reinsurance industry to positive
Rating agency AM Best has upgraded its sector outlook for the global reinsurance industry from stable to positive
Insurtech Kin Insurance completed reinsurance program
Insurtech Kin Insurance has announced that the Kin Interinsurance Network and Kin Interinsurance Nexus Exchange have finalized their reinsurance programs
Velonetic and Lloyd’s launched a secure transition to Blueprint Two phase one
Lloyd’s and Velonetic have postponed the Blueprint Two phase one digital services launch, initially set for 2024. This decision aims to ensure safety and market preparedness
Lloyd’s introduced a new Canadian Core Fixed Income Solution
Lloyd’s, a global leader in insurance and reinsurance, introduces a new Canadian Core Fixed Income Solution on its Investment Platform
Since the war began, global reinsurers have bundled risks from Ukraine, Russia, and Belarus, excluding them from reinsurance contracts. This has reduced available capital and hindered economic stability
4 years after the pandemic began in 2020, many countries still report higher death rates. For Life and Health (L&H) insurance, this poses a challenge
The positive reinsurance market outlook comes from de-risking as much as pricing with changes in terms and conditions, rising attachment points and tightening of wording
ILS market remains a significant capital source for reinsurers in 2024. Alternative capital estemated at $110 bn, with the catastrophe bond market growing to $45 bn