Reinsurance

Analysts see 2020 reinsurance price hikes due to catastrophes

International News       Sep 09, 2019

Insurers are increasingly concerned about the impact of bad weather linked to climate change, with an increase in wildfires in California among the most costly in recent years, something S&P said could see rates there jump 30-70%.   Big insurance losses from hurricanes, wildfires and other...

Climate change tops list of world’s ‘extreme risks’

Facts       Sep 09, 2019

  LONDON: The Thinking Ahead Institute’s (TAI) Extreme risks 2019 report and ranking, which categorises rare events that could have a high impact on global economic growth and asset returns, has a new top three: global temperature change, global trade collapse and cyber warfare.   The Thinking...

Total reinsurance capital at $559 bn in H1 2019, up 8% driven by strong investment markets: Willis Re

International News       Sep 04, 2019

  London: Total capital dedicated to the global reinsurance industry measured USD 559 billion at the half-year point of 2019. This is an 8 per cent increase from a re-stated USD 518 billion at year-end 2018[1], with strong investment markets being the main driver of the...

Global reinsurance market to see consolidation, product & service innovation:S&P

International News       Sep 03, 2019

  New York: S&P Global Ratings has kept its stable outlook on the global reinsurance sector and on the majority of the reinsurers it rates.   This assessment is mostly based on reinsurers' still-robust capital adequacy and relatively disciplined underwriting, at least so far, supported by well-developed...

Hurricane Dorian slams Bahamas, Florida,expected industry losses range between $11.3bn to $37.2bn

International News       Sep 02, 2019

  The Bahamas felt the full-force of Dorian as a strong Category 5 storm, resulting in significant damage for some islands, while the Florida coast is now at-risk of hurricane force winds, storm surge and torrential rains as Dorian curves northwards.   Industry loss estimates are currently...

ArgoGlobal Syndicate 1200 to exit Asia

International News       Sep 02, 2019

London: ArgoGlobal, the Lloyd’s insurer and member of Argo Group, today announced plans to exit Syndicate 1200 underwriting operations in Asia and most of its hull underwriting business within the syndicate. All existing policies remain valid and the company will manage claims handling through its...

Swiss Re and Capsicum Re launch a holistic cyber reinsurance solution

International News       Sep 02, 2019

  Zurich:  Decrypt, a new holistic cyber reinsurance solution is launched today by co-creators Swiss Re and Capsicum Re,the specialist reinsurance broker. Decrypt provides a single, flexible,end-to-end solution to insurers’ cyber exposure challenges, including embedded, silent, and affirmative cyber risks. Decrypt will be brought to the...

Swiss Re topples Munich Re as the largest global reinsurer in 2018:AM Best

International News       Aug 30, 2019

  London: Even as India’s state owned reinsurer GIC Re has retained its 11th ranking, Swiss Re, the second largest global reinsurer has toppled Munich Re from its position as the world’s largest reinsurer in 2018, said AM Best.   AM Best has taken gross premiums written...

Silent-cyber claims expectations decline across insurance lines and industry groups:Willis Re

International News       Aug 29, 2019

  ASIA PACIFIC:  The global insurance sector is considerably less concerned about silent cyber exposures than it was in 2018. The finding applies to all commercial lines of business and industry groups, according to 2019 Silent Cyber Risk Outlook, the annual global survey by Willis Re,...

More favorable pricing permeates global reinsurance industry, but is it sustainable

International News       Aug 29, 2019

  OLDWICK, N.J: The global reinsurance market as a whole has exhibited more underwriting control as evidenced by a holding back of capacity at the midyear 2019 renewals; however, questions remain over the sustainability of this newfound discipline, according to a new AM Best report.   The...

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