Reinsurance News

Global reinsurance giant Munich Re has reported further growth over the second-quarter and at the July renewal season, where it found prices 2% higher and now looks ahead to the rest of the year with a forecast for additional firming at the January 2022 renewals.

Insurance and reinsurance broking group Acrisure has announced the launch of a Florida reinsurance unit under its Acrisure Re brand, hiring Craig Darling from Guy Carpenter to lead the new office.

Specialty insurance and reinsurance group Chaucer, owned by leading Chinese reinsurer China Re, has studied the incidence of wildfires in the United States and concluded that it is time wildfire was considered a primary peril by the industry.

Vesttoo, the technology company that uses proprietary artificial intelligence and machine learning solutions with the goal of helping companies assess and transfer risks to the capital markets, has raised a $6 million Series A round of funding, adding Hanaco Ventures to its list of backers.

Climate change is running away from us, is the stark warning from the Intergovernmental Panel on Climate Change ‘s (IPCC) Report, which was published today.

Blenheim Underwriting, the Lloyd’s focused insurance and reinsurance underwriter that counts insurance-linked securities (ILS) specialist Nephila Capital as a key backer, has now officially launched its own managing agency.

Warren Buffett’s conglomerate and re/insurance company Berkshire Hathaway continued to display an appetite for growth in the second-quarter of the year, lifting its gross property and casualty (P&C) reinsurance premiums written by over 14% during the period.

Australian primary insurance carrier Suncorp said this morning that its natural catastrophe costs went above budget in the last financial year, but that it only utilised its reinsurance protection on a single event.

American International Group (AIG) has continued to evolve its reinsurance business, both on an outwards and inwards basis, as the insurance giant secured new reinsurance protection at the middle of the year, while its ILS specialist unit AlphaCat has helped it lower its exposure to Florida property catastrophe risks, according to President and CEO Peter […]

TransRe, the reinsurance underwriting brand of the Alleghany Corporation, has reported a much improved quarter for its property reinsurance business, as a more benign catastrophe claims environment helped to drive a profitable period.