Reinsurance News

Chubb Tempest Re, the global reinsurance underwriting unit of Chubb, has named a new leader for its Bermuda reinsurance division, with Sam Peters being promoted.

Australian primary insurance giant Suncorp said today that its catastrophe losses for the first-half of its financial year, to the end of December 2020, reached $516 million, coming in above allowance and eroding the deductible sitting beneath its aggregate reinsurance protection.

Everest Re, the global insurance and reinsurance underwriter, has raised new capital for its Mt. Logan Re Ltd. collateralized reinsurance sidecar-like vehicle towards the end of 2020, as the structure reached $900 million of assets under management at January 1st.

Global reinsurer SCOR said today that it grew its January reinsurance renewal portfolio by almost 16%, in terms of premiums, while prices were up by 7.8% across its renewed business, at 1/1 2021.

Global reinsurance firm Swiss Re is working towards transferring a much broader range of risks to the capital markets in future, as it looks to expand its insurance-linked securities (ILS) activities beyond pure natural catastrophe risks to a more capital management approach, according to Judy Klugman and Ed Johnson, speaking at our ILS NYC 2021 […]

Tremor Technologies, the insurtech offering a technology-based programmatic insurance and reinsurance risk transfer marketplace, has launched a next-generation update to its trading platform software, as it looks to “supercharge” reinsurance placement with the Panorama release.

Robust commercial property insurance price rises continued around the globe, but broking giant Marsh has warned that the fourth-quarter of 2020 saw the US property insurance market begin to decelerate, with signs that pricing may be starting to plateau.

Strategic Risk Solutions, Inc., a provider of insurance, reinsurance and captive management and consulting services, has announced the launch of an office in Guernsey as it looks to expand its insurance, reinsurance and insurance-linked securities (ILS) activities in Europe.

Global reinsurance firm Swiss Re has increased the alternative reinsurance capital assets under management in a range of insurance-linked securities (ILS) structures to $2.8 billion, with the recently launched 1863 Fund one area of the business to benefit.

Global reinsurance firm Hannover Re has become the latest to add a significant increase to its estimate of losses from the COVID-19 pandemic, lifting its total reserved for claims related to the coronavirus by roughly 43% to US $1.44 billion.