EC approved a €1.5 bn reinsurance scheme to cover war-related transport risks in Ukraine
The European Commission approved a €1.5 bn reinsurance scheme to cover war-related transport risks in Ukraine. Poland backs the scheme, which supports insurance
Reinsurance News
Swiss Re joins GAM to co-manage $3bn Cat Bond and ILS Funds
Swiss Re will begin co-managing GAM Investments’ $3bn insurance-linked securities (ILS) funds, including the GAM Star Cat Bond UCITS Fund
U.S. life insurers use reinsurance to improve capital efficiency
U.S. life insurers have recently transferred long-term care (LTC) insurance reserves to reinsurers to lower risk and reduce exposure
Hannover Re reported a strong performance in 2024: net income rises to EUR 2.3 bn
Hannover Re reported a strong financial performance in 2024, increasing its Group net income and proposing a 25% higher total dividend
Kin Interinsurance Network secures $300 mn Florida reinsurance via Hestia Re
Kin Interinsurance Network, managed by digital home insurtech Kin, has closed a $300mn catastrophe bond deal through Hestia Re
Hannover Re secured $20 mn cloud outage cat bond with Parametrix support
Hannover Re, an Europe’s top reinsurers, has secured $20 mn of retrocessional protection for losses from sustained cloud outages
The next phase of Lloyd’s Blueprint Two will be delayed beyond 2025
The next phase of Blueprint Two, an electronic platform developed by Lloyd’s and Velonetic, will be delayed beyond 2025
Lloyd’s underwriter Chaucer announced “Smart” consortium
Lloyd’s underwriter Chaucer Group announced an international direct and facultative property “Smart” consortium using InsurX’s exchange technology
NAIC Life Actuarial Task Force drafts new rules for offshore reinsurance accuracy
NAIC Life Actuarial Task Force is developing new rules to assess the accuracy of offshore reinsurance agreements
Lloyd’s Syndicate 1699 increased loss to £950 mn after exiting D&O business
Lloyd’s Syndicate 1699 reported a larger loss in 2024 after exiting directors and officers (D&O) and transactional liability business due to market softening
Lloyd’s reported a 6.5% increase in premiums written, raising to £55.5bn
Lloyd’s of London announces its full year 2024 financial result. 2024 saw the continuation of positive returns, with profit before tax of £9.6bn
Swiss Re published its Annual Report and Sustainability Report
Swiss Re published its Annual Report 2024, Sustainability Report 2024 and the invitation for the upcoming Annual General Meeting of shareholders
EU Insurance markets could benefit from public-private reinsurance for climate risks
EU insurance markets could gain from a proposed public-private reinsurance scheme for climate-related losses
Property catastrophe reinsurance pricing to stabilize at US-focused renewal rounds
After a mixed pricing environment at the January 1, 2025, reinsurance renewals, Moody’s analysts expect property catastrophe reinsurance pricing to stabilize
Flood Re secured £140 mn in retrocession reinsurance coverage with catastrophe bond
Flood Re has secured £140 mn in retrocession reinsurance coverage with its first catastrophe bond, Vision 2039 – Series 2025-1
Re/insurance executives remain cautiously optimistic about 2025
Re/insurance executives remain cautiously optimistic about 2025, though expectations vary between property catastrophe and casualty lines
Lloyd’s updated FY2024 financial performance: GWP increased by 6.5% to £55.5 bn
Lloyd’s provides a trading update for its 2024 Full Year (FY24) financial performance. The full results will be released on 20 March 2025
Swiss Re reported a net income of $3.2bn for 2024, ROE of 15%
Swiss Re reported a net income of $3.2bn for 2024, with a return on equity (ROE) of 15%. Fourth-quarter net income reached $1.1bn
Twelve Capital and Securis Investment merge to form $8.5 bn global ILS manager
Twelve Capital and Securis Investment Partners have merged, forming a global insurance-linked securities (ILS) asset manager with $8.5bn
MNK Re launched an energy facility providing capacity of up to $50 mn for Latin America
MNK Re introduced an energy facility with a capacity of up to $50mn for small and medium-sized businesses across Latin America
Placing Platform: reinsurance electronic London Market platform showed strong performance
Placing Platform said its electronic London Market platform showed strong performance and service delivery during the peak Jan. 1 renewal season
Lloyd’s launched new EUR and GBP Enhanced Yield Liquidity funds
Lloyd’s of London announces the expansion of its Enhanced Liquidity Fund range for Strategic Cash Management on the Lloyd’s Investment Platform
Chariot Re may expand to cover third-party risks in the future
Chariot Reinsurance, a Bermuda-based reinsurer announced by MetLife Inc. and General Atlantic last year, may expand to cover third-party risks in the future
Lloyd’s underwriter Probitas expands political violence & accident/health coverage
Lloyd’s underwriter Probitas is expanding after its acquisition by Aviva plc, introducing political violence and terrorism (PVT) and accident/health (A&H) coverage
Convex Group, a specialty re/insurer, launched Lloyd’s Syndicate 1984
Convex Group, an international specialty insurer and reinsurer, has received in-principle approval to launch Lloyd’s Syndicate 1984
Fidelis secured 5% private placement at Lloyd’s on $3.1 bn IG P&I Clubs reinsurance treaty
Fidelis Partnership placed a 5% private placement at Lloyd’s on the $3.1bn reinsurance treaty for the International Group of Protection and Indemnity Clubs
Strong earnings in 2024 bolstered reinsurers’ capital positions and marked a return to normal prices
Bolstered capital from strong earnings in 2024 led to ample capacity and strong reinsurer capital positions, contributing to a more orderly renewal season
Bermuda re/insurers’ underwriting results to weaken in 2025 due to pressure on premium rates
Fitch Ratings expects Bermuda re/insurers’ underwriting results to weaken in 2025 due to pressure on premium rates and rising loss costs
Flood Re launches Flood Bus, named Flo, to promote flood resilience in Scotland
Flood Re is introducing a new Flood Bus, named Flo, as part of a national effort in Scotland to strengthen property-level flood protection and help communities prepare for future flooding
30% of the natural catastrophe budgets set by Europe’s reinsurers for 2025 may be eroded
Fitch Ratings estimates that 30% of the aggregate natural catastrophe budgets set by Europe’s big four reinsurers for 2025 may be eroded
H1 2025 has reinforced Insurance-Linked Securities as one of the most resilient corners of the capital markets. Notional issuance has already topped $17bn across 60 deals
Re/insurance industry is showing strong momentum. Fund and Insure domain as the big opportunity—potentially generating $17 tn in gross value by 2035
Global reinsurance market has entered a post-peak pricing phase, with earnings expected to moderate in 2025–2026
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