Reinsurance News

Global reinsurer Munich Re has agreed to provide warranty reinsurance for battery manufacturer, Hithium, energy storage systems (ESS)

Munich Re generated a net result of €1,169m (1,102m) in Q3 2023, and €3,593m (4,168m) in the first three quarters

Guidewire has joined forces with Swiss Re Reinsurance Solutions to transform the insurance landscape by leveraging cutting-edge technology

Swiss Re reported a net income of USD 2.5 billion in the 9 months of 2023, with a profit of USD 1 billion in the third quarter.

Munich Re believes that rising demand from cedants in key lines, such as nat cat and cyber, along with a need to better manage more complex risks

Insurance Europe has expressed “serious concerns’’ about the EIOPA’s draft Supervisory Statement (Statement) on the supervision of reinsurance

Boost Insurance has announced a strategic partnership with Canopius US Insurance Holdings, a subsidiary of the Canopius Group

Global reinsurance rates are likely to continue to rise in 2024, though at a slower pace than in 2023, and prices will start to fall in 2025

The Latin American (LatAm) reinsurance sector is highly influenced by global reinsurance pricing conditions, given its smaller size relative to the global marke

Global reinsurer Swiss Re reported a net income of USD 1.4 billion and a return on equity (ROE) of 22.8% for the first half of the year

Moody’s has indicated that reinsurance prices are poised to experience further upward momentum across all sectors in the year 2024

Munich Re generated a profit of €1,154m (1,585m) in the second quarter of 2023, and €2,425m (3,066m) in the first six months of the year

As risk awareness and demand for re/insurance is increasing, Swiss Re highlights the importance of improved underwriting data, enhanced modelling

Lloyd’s announced the results for the 1H 2023, with an underwriting profit of £2.5bn (2022: £1.2bn), an investment return of £1.8bn (2022: £3.1bn loss)

Hannover Re increased its Group net income in the first half of 2023 by 18% and confirms its full-year earnings target

There was a strong yoy recovery in profitability in 1H23 for the four main European reinsurers, Fitch Ratings says

Swiss Re reported a profit of USD 804 million in the second quarter of 2023, resulting in a net income of USD 1.4 billion and a return on equity (ROE) of 22.8%

Aon Reinsurance Solutions showed consistent 9% organic growth, both for Q2 and also for H1 2023, respectively

PartnerRe has released a results statement for 6M2023, revealing a return to profit amid the hard market for reinsurance, with operating income of $636 mn

French reinsurer SCOR recorded a P&C combined ratio of 88.5% in the Q2 2023, with group net income of €192m

Credit Ratings (ratings) reflect Lloyd’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating

Aon, Lloyd’s, and Vienna Insurance Group committed to providing enhanced reinsurance capacity to support Ukraine’s country’s recovery and reconstruction efforts