Reinsurance News

Global reinsurance company Swiss Re said this morning that it anticipates rising demand for natural catastrophe reinsurance, with up to €5 billion of additional demand expected for the EMEA regions cedents alone this year.

Distribution focused BRP Group, or Baldwin Risk Partners, has announced the launch of a new reinsurance broking arm named Juniper Re LLC, as the company sees a “unique market opportunity” to become a full-service broking platform.

US primary insurer Travelers has revealed another quarter of elevated catastrophe losses, as the impacts of severe convective storms, wind and hail took its nine month catastrophe losses to almost $2.9 billion by the end of September.

In what could turn out to be a ground-breaking development, parametric disaster insurance risk pools African Risk Capacity Limited (ARC), Caribbean Catastrophe Risk Insurance Facility (CCRIF SPC), the Pacific Catastrophe Risk Insurance Company (PCRIC), and the Southeast Asia Disaster Risk Insurance Facility (SEADRIF), have signed an MOU and will explore a joint reinsurance facility to […]

Howden, the global insurance and reinsurance broking and underwriting group, has launched a new Howden Climate Parametrics unit, to bring together its parametric risk transfer, climate risk and resilience, capital markets and insurance-linked securities (ILS) expertise, to deliver responsive risk transfer solutions.

While there are many ways to generate alpha for your investors in the insurance-linked securities (ILS) sector, it remains critical to manage investor expectations and avoid delivering unwanted surprises, speakers at Convergence 2023 in Bermuda said last week.

Risk capital and reinsurance solutions broker Augment Risk has announced the launch of a Parametric risk transfer division which will be led by former Inver Re and Aon weather and parametrics specialist Kurt Cripps.

Reinsurance rates and pricing are forecast to “remain harder for longer” in the current elevated interest rate environment, with a reduced supply of alternative capital expected to continue to be a driver, as institutional investors such as pension funds continue managing their allocation limits, analysts at investment bank Berenberg have said.

Slide Insurance Company has stepped up to support Florida homeowners, acquiring the renewal rights to policies that had been underwritten by Farmers Insurance® in the state.

Speaking at the Convergence event in Bermuda today, Adrian Jones, a former partner at HSCM Ventures, the venture capital business affiliated with Hudson Structured Capital Management, highlighted the artificial intelligence opportunity for the insurance-linked securities (ILS) industry, but also cautioned the ILS sector to take care with data.