In announcing its second-quarter results this morning, global reinsurance giant Munich Re highlighted continued strong growth and its CEO laid out a plan for further expansion, as markets continue to harden.

Global reinsurance giant Swiss Re continues to maintain an underweight stance to the Florida marketplace, feeling that rates remain too low and that state intervention is not helping, when what is needed is price transparency, the firm’s leadership recently explained.

Once again, the catastrophe bond fund market saw its returns affected by continued spread widening during the month of June 2022, but insurance-linked securities (ILS) funds focused on private ILS and collateralised reinsurance investments did not fare much better.

Recent severe inland flooding across the United States, including the Kentucky floods that have devastated many communities, are not expected to result in losses that would trouble the National Flood Insurance Program’s (NFIP) reinsurance or catastrophe bonds.

There’s still time to secure a ticket for Artemis London 2022, our first insurance-linked securities (ILS) market conference held in the UK, which is taking place on September 6th 2022, just before the industry heads to Monaco for the RVS.

This weekend it was reported that Japanese insurance group MS&AD Holdings, through its Mitsui Sumitomo Insurance unit, has made an at least $400 million bid to acquire hybrid P&C program, fronting and risk transformation company Transverse Insurance Group.

The new Lloyd’s sponsored protected cell company that was announced last week, London Bridge 2 PCC Ltd, represents “an efficient mechanism” for both existing and new investors to access risk from the Lloyd’s market, according to Clifford Chance.

Australian primary insurance giant Suncorp reported its fiscal year 2022 results to June 30th this morning, revealing that its natural hazard losses ran above budget during the year, resulting in “significant recoveries” from its reinsurance.