Reinsurance News

RFIB Group Limited, the international and Lloyd’s specialist insurance and reinsurance broker, has launched an MGA today, named Limehouse Agencies, with the goal of positioning it at the forefront of the disruption facing re/insurance from efficient capital and technology.

Welcome to the second Artemis ILS Bermuda Executive Roundtable, in which our participants explore a variety of challenges and opportunities for the sector as it continues down its impressive growth path in Bermuda, and beyond.

Alternative capital remains one of the key pressures facing the reinsurance industry, according to analysts at UBS, albeit that overall the cyclical pressures reinsurers face have reduced slightly.

The soft reinsurance market environment, that remained favourable to buyers at the January 1st 2017 renewal season, has encouraged reinsurers to innovate structures and products from both the traditional and alternative space, says reinsurance broker JLT Re.

At $54 billion global insured catastrophe losses in 2016 were the highest since 2012, driven by earthquakes, severe weather, flooding, and tropical cyclones, according to Impact Forecasting, the catastrophe risk-modelling unit of reinsurance broker Aon Benfield.

Insurer and reinsurer XL Catlin has appointed a new global head of ceded reinsurance placements, naming Anne Middleton to a role that will see her responsible for reinsurance program terms, structure and pricing.

The Fibonacci Reinsurance Ltd. special purpose insurance vehicle helps reinsurer RenaissanceRe source risks efficiently for its third-party investors, as well as for its Medici cat bond fund, in a sidecar style structure that can provide bond-like investments.

In a recent interview with Artemis, Moody’s Investors Service (Moody’s) said that it expects pricing in the reinsurance industry to decline by up to 5% during 2017 and possibly decline in 2018, highlighting a continuation of the myriad of industry challenges.

SOBC Sandell, a joint-venture legacy or distressed run-off and commutation insurance and reinsurance entity established by hedge fund reinsurer Sandell Re Ltd. and run-off specialist SOBC Corp, has made its first acquisition.

In the 12th edition of the World Economic Forum’s Global Risks Report, a new report on the top perceived risks that the world is facing, extreme weather, natural disasters, environmental and climate risks are all cited as key concerns, highlighting the need for risk transfer solutions.