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
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.
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
H1 2024 Reinsurance renewals indicated a changing market
The mid-year reinsurance renewals indicated a changing market driven by rising demand for protection. According to Guy Carpenter
Global reinsurer capital in Q1 2024 increased for $695 bn
Aon reports a 4% increase in global reinsurer capital during the first quarter of 2024, reaching a new high of $695 billion
Reinsurance capacity increased from traditional & ILS sources
Reinsurance demand saw a significant increase, particularly for higher catastrophe layers, as Florida property insurers sought additional protection
Lloyd’s will open a new office in Miami to enhance business in LatAm
Lloyd’s, a leading global insurance and reinsurance marketplace, will open a new office in Miami to enhance its business in Latin America and the Caribbean
Lloyd’s signed of a Memorandum with the Bermuda Monetary Authority
Lloyd’s has signed a Memorandum of Understanding (MoU) with the Bermuda Monetary Authority (BMA) to collaborate on supporting
UK Insurtech Bondaval sequred £15 mn led by Dawn Capital
Insurtech Bondaval has sequred a £15 mn funding round from investors led by the seasoned investor Dawn Capital, who was an early backer of iZettl
Munich Re Specialty integrated Kalepa’s Copilot underwriting platform
Munich Re Specialty – North America has integrated Kalepa’s Copilot underwriting platform to enhance risk analysis and streamline operations
Munich Re increased insurance revenue to $16 bn for Q1 2024
Munich Re reported an increase in insurance revenue to $16 billion for Q1 2024, attributed to organic growth in its reinsurance business and ERGO International
Agile Syndicate 2427 received ‘Permission to Underwrite’ from Lloyd’s
Agile has received ‘Permission to Underwrite’ from Lloyd’s for its Agile Underwriting Services Syndicate 2427 (AUS 2427)
Indian government will sell 10% of GIC Re
The Central government of India may sell up to 10% stake in the state-run reinsurer General Insurance Corporation (GIC Re) in the current financial year
Swiss Re’s shareholders approved all motions by the Board of Directors
Swiss Re’s shareholders approved all motions put forward by the Board of Directors at today’s Annual General Meeting (AGM)
Reinsurance market’s underlying ROE improved to 14.3%
Global reinsurance industry’s underlying ROE was above the cost of capital for the second consecutive year in 2023, improving to 14.3%
Largest European reinsurers achieved an earning of €10.2 bn in 2023
The largest European reinsurers achieved a combined earning of €10.2 bn in 2023, more than double their earnings in 2022, attributed to higher prices
Reinsurance industry faced $50bn of SCS-related losses
(Re)insurance industry has already faced about $50bn of SCS-related losses in 2023. Over the past five years, SCS insured losses averaged around $15b
Pool Re have confidence in members’ support for terrorism risk coverage
Pool Reinsurance, the UK terrorism reinsurer, have confidence in members’ support for operational changes and new reinsurance coverage
National Flood Insurance Program secured $575 mn in reinsurance from ILS
U.S. Federal Emergency Management Agency has reinforced its dedication to enhancing the National Flood Insurance Program by securing $575 mn
Lloyd’s with Bermuda Monetary Authority will sharing risk expertise
Lloyd’s along with the Bermuda Monetary Authority, have committed to jointly developing an initiative for closer collaboration
Major deals have led global M&A activity in 2024, showing increasing confidence among dealmakers despite geopolitical and economic challenges
Hurricane Milton is anticipated to be one of the most powerful and economically detrimental hurricanes to make landfall in the western region of Florida
There are approximately 133 million healthcare data breaches each year. Healthcare systems remain complex to secure, and cybercriminals take full advantage of this
Insurance claims management software can streamline intake, evaluation, validation, payouts and closure. Unfortunately, not all platforms are built to the same standard