Reinsurance News

In the background, behind all of the noise over property insurance in Florida, ratings and company failures, a battle continues to be waged over some of the legal reforms implemented during the May special session of the Florida legislative.

The Standards Board for Alternative Investments (SBAI), an organisation that looks to create consensus on issues of note and share knowledge in the alternative investments sector, has highlighted Lloyd’s managing agents as an entity similar to an asset manager.

The global reinsurance sector outlook remains neutral according to rating agency Fitch, who says that relative stability is expected despite macro-pressures, but also notes that catastrophe bonds are set to gain in importance within alternative capital.

For reinsurers, there will be ample opportunity in the property catastrophe space at renewals, for those that can navigate market challenges and manage a portfolio of natural catastrophe risks, Aon’s Reinsurance Solutions CEO Andy Marcell said today.

We’ve developed an industry-loss warranty (ILW) pricing data set from information we’ve gathered over the years, as well as recent input from our market sources that helped validate this new Artemis data service.

The effects of inflation and the potential for natural catastrophe losses are the two main issues that are in focus for the reinsurance industry, as the second-half of the year progresses, according to Moody’s Investors Service.

Hillridge Technology Pty Ltd, an Australian software technology company that aims to help users address the climate protection gap through parametric insurance, has raised a $2.3 million seed round and now seeks to expand further into Asia Pacific.

The retrocessional reinsurance market is expected to face still-limited capacity at the key January 2023 renewal season, according to Guy Carpenter’s CEO of Global Specialties, James Boyce.

Markel Corporation has announced a significant leadership change for its reinsurance operation, as Jed Rhoads retirement at the end of the year has been announced, with two other former Alterra executives set to be promoted to take his roles.

The reinsurance market has reached a tipping point, as the three C’s of climate, conflict and capital coalesce to reduce available dedicated reinsurance capital, with this decline unlikely to be replenished before year-end by inflows of alternative or ILS capital, broking group Howden has explained.