Reinsurance News

Hannover Re, a major player in insurance-linked securities (ILS) market facilitation through its fronting and risk transformation activities in collateralised reinsurance and catastrophe bonds, booked a $900 million piece of its gross loss from hurricane Ian related to that business.

The global reinsurance market is going through a seismic shift, making it one of the most attractive markets in over a decade, Hiscox Group CEO Aki Hussain said yesterday.

Global reinsurance firm Hannover Re expects to utilise a significant amount of its catastrophe loss budget for the first-quarter of 2023 due to the claims from the earthquakes affecting Turkey and the flooding and weather affecting New Zealand.

The analyst team at KBW led by Meyer Shields had more great insight to share in a recent report, that despite rates being so much higher in reinsurance, it is going to be the delivery of actual strong results that encourages more capital into the space, not forecasts of expected returns, while Florida renewals are […]

The U.S. Federal Emergency Management Agency (FEMA) has hailed the successful completion of its latest catastrophe bond despite the difficult market environment, after the FloodSmart Re Ltd. (Series 2023-1) deal secured it $275 million of flood reinsurance for the NFIP.

Global reinsurance firm Hannover Re has reported an underwriting profit for its property and casualty reinsurance business for full-year 2022, despite large losses coming out above budget for the sixth year in a row.

Having completed another collateralised stop-loss transaction, to bring more efficient capital into its business, Swiss Re may be nearing the limits of its appetite for this type of arrangement, while the sophistication required means not every reinsurer could replicate this deal.

Neville Ching, the former retrocession managing partner at brokerage Capsicum Re, has formally launched ReFlex Solutions Ltd, an independent reinsurance brokerage headquartered in Bermuda with a mission to bring distribution efficiencies and efficient capital to market.

The Bermuda insurance and reinsurance market has weathered recent global volatility and elevated levels of catastrophe events extremely well, demonstrating its resilience, according to Matt Britten at PwC Bermuda.

The Lloyd’s insurance and reinsurance market has delivered underwriting profitability for 2022, with its preliminary results signalling strong growth and a 91.9% combined ratio for the year.