Reinsurance News

Insurance and reinsurance broking group Aon has launched a new catastrophe model to analyse the impact of Severe Convective Storms (SCS) in the United States, allowing re/insurers to make better decisions on portfolio management for this expanding and increasingly costly peril.

Ledger Investing, the insurtech and casualty insurance-linked securities (ILS) company, has funded and launched a new $100 million casualty sidecar for a global reinsurer, financing the company’s casualty reinsurance business over three underwriting years on a quota share basis.

China is aiming to strengthen its insurance system, with a particular focus on the impacts of weather and natural disasters and its State Council, a key ruling body, has cited catastrophe bonds again, as one measure that can assist.

Auckland, New Zealand-headquartered insurer Tower Insurance made some adjustments to its reinsurance programme at its renewal, opting to increase the size of the upper catastrophe limit and raise the attachment point for the first two events, resulting in a lower reinsurance spend for the firm. Tower’s FY25 reinsurance programme provides the carrier with protection for […]

Interest in private ILS opportunities, so collateralised reinsurance and retrocession arrangements, has been rising and continues to, Marcel Grandi of Twelve Capital believes. He also thinks these instruments afford an investment manager more scope, in terms of investment options beyond catastrophe bonds and tailoring portfolios.

The large global reinsurance companies are expected to continue seizing the opportunity in property catastrophe risks while the market’s pricing remains hard, S&P believes.

The US cyber insurance industry loss index launched in 2023 by PERILS AG and CyberAcuView has now been expanded to also include reporting on unintentional, or accidental, cyber insurance industry loss events.

Speaking during the last RenaissanceRe earnings call, CEO Kevin O’Donnell explained that he believes the reset achieved in property catastrophe pricing is proving to be persistent.

Catastrophe risk software provider KatRisk has unveiled a Severe Convective Storm (SCS) Model designed to transform how the insurance industry manages volatile weather risks, such as hail, tornadoes, and straight-line wind.

Alternative capital has become an important part of the reinsurance industry’s capital structure, according to Urs Baertschi, CEO of P&C Reinsurance at Swiss Re.