Reinsurance News

The latest reinsurance news from Artemis. Covering the reinsurance capital trends that affect this industry, alternative risk transfer, insurance-linked securities and catastrophe bond news. This chronological new archive includes every reinsurance news story on Artemis, but with a twist for reinsurance industry professionals looking for news on alternative risk transfer, ILS and alternative reinsurance capital news. For the latest reinsurance news, ILS and alternative capital insight and to get full news coverage visit our homepage.

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Heritage reports elevated Q2 cat losses, United (UPC) reports loss creep

Primary players Heritage Insurance Holdings, Inc. and United Insurance Holdings (UPC Insurance) have reported their Q2 2019 catastrophe losses, with Heritage experiencing higher impacts than the prior year, while United (UPC) has reported in-line current year impacts but further loss creep from 2018.Heritage said that it expects to report $21.5 read the full article →

Munich Re surprises with bumper €1bn Q2 profit forecast

Munich Re has bucked the expected trend for quarterly reporting from the major global insurance and reinsurance firms, pre-announcing an expectation of around €1 billion of profit for the second-quarter, which is far above analysts estimates.Analysts seem to have been in the main estimating quarterly profits of around €600 million read the full article →

Convective storms & hail drive Allstate’s cat losses above expectation again

U.S. primary insurer Allstate has again reported monthly catastrophe losses that were higher than analyst expectations, reporting $311 million of impacts during the month which took its second-quarter cat losses to $1.07 billion before tax.That means Allstate's catastrophe losses for the first-half of 2019 are estimated at somewhere just shy read the full article →

Artex promotes Thompsett to COO, Marshall to CFO

Artex Risk Solutions, one of the largest insurance management firms and a key facilitator in the insurance-linked securities (ILS) and collateralised reinsurance space, has announced two senior promotions, naming a new Chief Operating Officer and Chief Financial Officer.Stephen Thompsett, who has been with Artex since 2018 in his most recent read the full article →

FedNat says Q2 catastrophe losses won’t trigger reinsurance

U.S. primary insurance group FedNat Holding Company has reported $17 million of gross catastrophe losses for the second-quarter of 2019, but does not expect any of the individual events to trigger a reinsurance recovery from its program.As of the time of reporting the catastrophe impact, yesterday, FedNat said that the read the full article →

Carmilani takes growth & collaboration role at Fairfax, Iglesias named AWAC CEO

Scott Carmilani is moving into a newly created role at Fairfax Insurance Group to focus on growth and collaboration opportunities across insurance and reinsurance, stepping down from his previous position as CEO of Allied World.The new role will see Carmilani working closely with Andy Barnard, President of Fairfax Insurance Group, read the full article →

B3i say catastrophe XOL reinsurance system to launch this month

B3i, the insurance and reinsurance industry initiative that aims to create standardised systems for transacting in reinsurance using a distributed ledger, says that its catastrophe excess-of-loss (XOL) reinsurance placement system is finally ready to be released.B3i launched as a blockchain focused consortium of industry insider companies, aiming to create a read the full article →

Climate risk transfer an opportunity for product design innovation: Greg Lowe, Aon

The growing pressure on corporations to take greater responsibility for the climate related risks and exposures they carry could present an opportunity for insurance and reinsurance market participants to demonstrate innovation in product design, according to Aon's Greg Lowe.Greg Lowe, the Head of Resilience & Sustainability at insurance and reinsurance read the full article →

Bermuda ILS related re/insurer registrations rose slightly in H1 2019

Registrations for new insurance and reinsurance vehicles that are related to catastrophe bonds and other insurance-linked securities (ILS) use-cases have risen slightly in the first-half of 2019.This is promising for ILS, catastrophe bond and collateralized reinsurance market activity over the rest of the year, as despite the impacts of heavy read the full article →

New PFIC regs released, relevant to ILS & hedge fund reinsurance strategies

The U.S. Internal Revenue Service and Department of the Treasury has published a new set of proposed regulations relating to passive foreign investment companies (PFICs), which are relevant to many in insurance and reinsurance, but have particular relevance to certain ILS and hedge fund reinsurer strategies it seems.The updates to read the full article →