Reinsurance
WTW to Return to Treaty Reinsurance Broking via Bain Capital Joint Venture
WTW announced it will return to treaty reinsurance broking via a joint venture with the private investment firm Bain Capital. WTW will hold a minority share in the new company, said WTW in an ...
Global Non-Life Insurance Rates ‘Plateauing’ but Nat Cat Losses Delay Market Softening
Global non-life premiums are expected to hit a decade-high growth level of 4.3 percent in 2024, following the repricing of risk over the past several years in response to elevated claims, according ...
Quantifying Social Inflation: How Swiss Re Developed an Index
Swiss Re Institute (SRI) made a significant contribution to the literature on social inflation and its impacts on insurers, reinsurers and their customers with the calculation of a new measure—a ...
Lloyd’s of London Shakes Up IT, Operations Teams
Commercial insurance market Lloyd's of London is restructuring its data, operations and change departments, which will involve outsourcing some of those units' work, a Lloyd's spokesperson said on ...
Swiss Re Execs Sleeping Well After $2.4B Q3 Reserve Boost
While a $2.4 billion boost in loss reserves for the third-quarter will help Swiss Re's executives sleep better on a bigger cushion, across the industry, worsening trends in U.S. liability loss costs ...
Hannover Re’s Henchoz to Step Down as CEO, Succeeded by CFO Jungsthöfel
Hannover Re announced that Chief Executive Officer Jean-Jacques Henchoz (60) is stepping down and will be replaced by the current chief financial officer, Clemens Jungsthöfel (54). Henchoz has ...
AIG CEO Zaffino on Approach to Catastrophe Losses in Today’s Reinsurance Market
American International Group CEO Peter Zaffino said he expects the reinsurance market to remain above losses generated by the frequency and severity of natural catastrophes. Losses will instead ...
Global Reinsurers’ ROE Jumps to 22% in 2023, but Market Softening Unlikely: AM Best
AM Best's population of global reinsurance companies posted a return on equity (ROE) of 22 percent in 2023 – a five-year high that was driven mainly by favorable investment income and strong ...