Insured Losses From New Zealand Floods Estimated at $1.02B, With Profit Hit Expected

The initial insured losses for the recent floods in the North Island of New Zealand are estimated at NZ$1.65 billion ($1.02 billion), according to PERILS, the independent ...

Lloyd’s 2022 Underwriting Results ‘Strong’ Despite Bottom-Line Red Ink

Insurer Startup Trium Cyber Finds Path to Profits, With Large Business Focus

Trium Cyber is the industry's first Lloyd's-approved company to provide mono-line cyber coverage for U.S. risks. Launched in January 2023, the full-stack surplus lines ...

Reinsurance Recap: 2022 Results Mixed as Market Improves

QBE Insurance Announces $1.9 Billion Loss Portfolio Transfer With Enstar

QBE Insurance Group announced a reinsurance transaction with legacy acquisition specialist Enstar, designed to de-risk the group's exposure to portfolio reserves totaling ...

Zurich Insurance Net Income Fell 12%, Internal Profit Rose 12% in 2022

Brookfield Reinsurance to Acquire Insurer Argo Group in $1.1B Deal

Financial services firm Brookfield Reinsurance announced it has entered a definitive agreement to acquire Argo Group International Holdings in an all-cash transaction ...

Rising Costs of Secondary Perils Force Reinsurers to Require Higher Attachment Points

Economic and insured losses from secondary perils from natural catastrophes are accelerating and surpassing the loss totals from primary perils, which is leading ...

January Reinsurance Renewals Were Most Challenging in 2 Decades: MMC’s Doyle

The most challenging January reinsurance renewals in nearly two decades saw global property-catastrophe rate increases of 25-60 percent, with loss-affected clients facing ...

January Renewals See Hardest Property-Catastrophe Reinsurance Rates in Generation

A convergence of global events has led to the hardest property-catastrophe reinsurance market in a generation and a "complex," "grueling" and "late" January renewal ...