Reinsurance News

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

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

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

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

Marsh McLennan has revealed its collaboration with the Ukrainian government to assist in unlocking access to the global insurance market

The RAA presents Reinsurance Underwriting Report with cumulative quarterly underwriting and operating results of 17 major U.S. property casualty reinsurers

Lloyd’s of London announced the appointment of Rachel Turk in the new role of Chief Underwriting Officer

Florida insurers will have a challenging June reinsurance renewal, even with the implementation of the legislative reforms

Swiss Re reported a net income of USD 643 million for the first quarter of 2023 as improved profitability in all main businesses

Berkshire Hathaway’s P&C reinsurance losses and loss adjustment expenses for the quarter increased by $1.1 bn over the prior year

Lloyd’s of London has joined the British Insurance Brokers’ Association (BIBA) as its 21st partner

Reinsurer Munich Re has discontinued its membership in the Net-Zero Insurance Alliance (NZIA)

Lloyd’s of London has confirmed that it has limited exposure to the banking crisis spurred by the collapse of Silicon Valley Bank and the takeover of Credit Suisse

Lloyd’s of London, the leading marketplace for commercial, corporate and specialty risk solutions, today provided a trading update for its 2022 financial performance

Hannover Re increased its Group net income by 14.2% in the 2022 financial year to the record level of EUR 1.41 billion (previous year: EUR 1.23 billion)

Data from 17 reinsurers shows an 8.6% increase in net premiums written by US property and casualty (P&C) reinsurers over 2022

Ariel Re, a global reinsurance firm with offices in Bermuda, London and Hong Kong, has announced that it has secured $270 million in capital from five new institutional

Pan-African focused reinsurance group Africa Specialty Risks has approved as a coverholder at Lloyd’s. Atrium, a Managing Agent at Lloyd’s, sponsored ASR

Swiss Re reported a net income of USD 472 million for 2022, with a net income of USD 757 million in the fourth quarter. Based on Swiss Re’s very strong capital position

Business finance solution Qonto is using insurtech Qover to simplify and overhaul its embedded insurance programme for cardholders.

Swiss Re announced plans to streamline its organisational structure. The reorganisation, which aims to simplify structures, improve efficiency and client experience