Lloyd’s will post a robust underwriting performance in 2022-2024 as reinsurance rates harden
S&P Global Ratings’ latest Lloyd’s Market 2022 Review states a belief that the market will post a robust underwriting performance between 2022 and 2024
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.
Global insured losses from natural catastrophes overview
Global estimated insured losses from natural catastrophes in first half of 2022 totaled USD 35 billion, 22% above average of past ten years (USD 29 billion)
Reinsurance rates will continue to harden during the 2023 renewals
Fitch Ratings have argued that reinsurance rates will continue to harden during the January 2023 renewals, even in the absence of significant catastrophe losses
Pricing conditions will remain favourable for reinsurers next year
Analysts at Moody’s have asserted that pricing conditions will remain favourable for reinsurers next year, with momentum expected to continue through the January 2023
Large European Reinsurers Underperformes the Reinsurance Market
A new note from Goldman Sachs says that all four large European cap reinsurers have underperformed the market so far in 2022
Total dedicated reinsurance capital will slide back
The recent spike in dedicated reinsurance capital growth may prove short-lived, given expectations for depressed investment markets, continued geopolitical turmoil
Russia-Ukraine war is driving conservative reserving in global reinsurance
Greater uncertainty arising from global issues, like the COVID-19 pandemic and the Russia-Ukraine war, is driving more conservative reserving approaches in the global reinsurance industry
Positive reinsurance price movements leds by primary insurance markets
Analysis by AM Best suggests that globally, reinsurers are re-deploying their capital away from property classes and into lines such as casualty and specialty primary lines
Stable pattern of re/insurers` underwriting profits
AM Best suggests that there is a stable pattern of underwriting profits as companies are becoming more proactive about making explicit allowances for inflationary trends
Brazilian reinsurer IRB Brasil Re seeks to raise close to US $300 mn
Brazilian reinsurance company IRB Brasil Re set to announce a new share offering, as it seeks to raise close to US $300 million
Aon announces a new academic collaboration between Impact Forecasting team
Re/insurance broker Aon has announced a new collaboration between its Impact Forecasting team, the University of California, Merced and the University of California
Swiss Re launches SRILIAC – insurance-linked investment company
Swiss Re announces the launch of its new investment advisory company and wholly owned subsidiary Swiss Re Insurance-Linked Investment Advisors Corporation
Reinsurer Munich Re has announced a profit of €1.4 bn for 1H2022
Reinsurer Munich Re has announced a profit of €768 million and €1.4 billion for the second-quarter and first half of 2022, respectively, driven by a solid performance
Hannover Re announced net income of €649 mn for 1H2022
Hannover Re, one of Europe’s largest reinsurers, has announced net income of €649 million for the first half of 2022, while the firm’s property and casualty
Insurance Regulatory Authority proposes new rules for Indian insurers and reinsurers
The Insurance Regulatory and Development Authority of India has proposed new rules that would allow Indian insurers and reinsurers to raise capital in different forms
Global reinsurance broker AON announced that its Q2 2022 total revenue increased to $3 bn
Global re/insurance broker AON announced that its Q2 2022 total revenue increased by USD 97 million, or by 3%, to USD 2.98 billion compared to… Read More »Global reinsurance broker AON announced that its Q2 2022 total revenue increased to $3 bn
Ascot and Marsh provides $50 mn of cover in marine cargo & war insurance for Ukraine
Specialty re/insurance group Ascot and broker Marsh have launched a marine cargo and war facility, which will provide coverage for vital grain and food products… Read More »Ascot and Marsh provides $50 mn of cover in marine cargo & war insurance for Ukraine
Lloyd’s is gearing up to provide coverage for shipments of grain coming out of Ukraine
Ukraine’s ports have been closed since Russia’s invasion in February with marine insurers based in Lloyd’s of London and the wider London commercial insurance
Swiss Re Global Business Solutions India and T-Hub expands into the Innovation Hub
Swiss Re Global Business Solutions (GBS) India, the analytical and innovation hub of Swiss Re, will launch a new centre in Hyderabad. The new GBS… Read More »Swiss Re Global Business Solutions India and T-Hub expands into the Innovation Hub
French Reinsurer SCOR has reported a net loss of €239mn
French reinsurer SCOR has reported a net loss of €239 million for 2022, driven by claims related to the drought in Brazil, flooding in Australia… Read More »French Reinsurer SCOR has reported a net loss of €239mn
Summary & Roadmap of Blueprint Two. How Lloyd’s will be engaged with Insurance Market?
Lloyd’s of London explains market engagement approach for Blueprint Two. Published on its website, it outlined three areas under which it was tackling engagement: On… Read More »Summary & Roadmap of Blueprint Two. How Lloyd’s will be engaged with Insurance Market?
HSBC, Square Health and UnderwriteMe partnered to create a digital underwriting
HSBC Life has teamed up with Square Health and UnderwriteMe to launch a digital underwriting innovation that facilitates frictionless medical screening request processing. According to reports, medical screening requests can… Read More »HSBC, Square Health and UnderwriteMe partnered to create a digital underwriting
Munich Re faces a exposure to the ongoing aviacrisis concerning jets stranded in Russia
Munich Re faces a “non-trivial” exposure to the ongoing aviation crisis concerning jets stranded in Russia, possibly via its “war risk” policies
AM Best affirmed the Financial Strength Credit Ratings of Lloyd`s
AM Best’s recent assessment of Lloyd’s operating performance highlights the rating agency’s expectation that London Insurance Market will produce strong technical performance over the underwriting… Read More »AM Best affirmed the Financial Strength Credit Ratings of Lloyd`s
Reinsurance broker McGill will be using CyberCube`s cyber risk analytics
CyberCube, a cyber risk analytics firm, has announced that specialist re/insurance broker McGill and Partners, will be using its cyber risk analytics platforms as part… Read More »Reinsurance broker McGill will be using CyberCube`s cyber risk analytics
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