Reinsurance News

There is a a likelihood that the renewals of Japanese reinsurance programs at April 1st 2020 continue to see the insurance-linked securities (ILS) market playing a relatively minor role, with share increases harder to come by, but at Florida’s reinsurance renewals at June 1st there could be a chance for ILS players to expand their […]

Insurance and reinsurance market losses from the severe weather and natural catastrophe events that have struck Australia during its summer months are now thought to have surpassed A$5 billion (around US $3.35bn), according to the APRA Chairman.

Reinsurance renewals are expected to see significant increases in pricing in both April and June, but the biggest increases are expected to be in Japan, while Florida is likely to rise more than in recent years, but still at a slower pace.

Marsh & McLennan Companies, the insurance and reinsurance focused risk, strategy and people professional services firm, has hired former FEMA Deputy Administrator Daniel Kaniewski for a role focused on Public Sector risk innovation.

Insurance and reinsurance market losses from the Chilean riots that took place in 2019 are continuing to rise and the magnitude of the industry loss, as well as the fact their size and location has been relatively unexpected in some quarters, means reinsurers are likely to be looking for hedging solutions, Property Claim Services (PCS) […]

Lockton Re, the reinsurance broking arm of the privately held and independent intermediary, has appointed a new senior Global Chairman in Ross Howard.

Risk modelling firm Corelogic said that the tornado outbreak that struck the Nashville, Tennessee area on March 3rd are likely to cause $1 billion or more of property damage once the impact is fully assessed.

Tokio Marine HCC, the specialty insurance players, has acquired GCube, a managing general agent (MGA) and underwriter focused on the renewable energy sector as well as weather risk transfer products.

UK government backed mutual terrorism reinsurance firm Pool Re has secured its largest retrocession program yet, buying a UK £2.4 billion (US $3 billion plus) aggregate excess of loss tower from private markets.

Cyber risk modelling company Kovrr has added new insurance, reinsurance and insurance-linked securities (ILS) expertise to its advisory board with the addition of John Butler, Head of Cohen & Company’s U.S. Insurance Asset Management Platform and Global ILS Program.