Reinsurance
European Insurers Enjoy Big Profits After Premium Hikes
Several European insurers recorded bumper first-half profits on Thursday, as customers burnt by a pandemic, war and a pick-up in natural catastrophes in recent years continue to face higher premiums ...
Insurer’s Lack of Repairs Caused Woman’s Death After Ian: Florida Lawsuit
Just as another hurricane hit Florida, the child of a central Florida woman is litigating a claim from a previous storm—Hurricane Ian in 2022. This time, though, the plaintiff claims not only ...
First-Half Global Insured Nat Cat Losses Top 10-Year Average
Global insured losses from natural catastrophes totaled $60 billion during the first half of 2024, or 62 percent above the 10-year average, according to preliminary estimates from Swiss Re. Severe ...
Elevated Demand, Increased Capacity Drive Reinsurer Profitability in 2024
Global property catastrophe limit purchased increased an estimated $35-$40 billion through H1 2024, with more than 50 percent of increased limit originating in North America across a wide range of ...
What Happened to Reinsurance ‘Class of 2023’? Hard Market Defies Age-Old Patterns.
Catastrophic events, such as major hurricanes and the Sept. 11 terrorist attacks, traditionally have led to hard markets that in turn drove the formation of startup reinsurers to fill capacity needs. ...
Reinsurers’ Appetite Grows During Mid-Year Renewals but Discipline Remains: Brokers
Reinsurance buyers generally saw positive outcomes during the mid-year renewals, finding adequate capacity to meet cedents' increasing demand for protection -- in both property and casualty, ...
Beryl Lands in Texas; Record Storm Spawns ‘Early Warning’ for Insurers
Although Beryl was still a tropical storm on Sunday, late day National Hurricane Center advisories put it on track to make landfall on the middle Texas coast early Monday, possibly regaining strength ...
R&Q to File for Liquidation in Bermuda, but Sale of Accredited Will Proceed
R&Q Insurance Holdings Ltd. announced it will file for a provisional liquidation in Bermuda — after it had exhausted strategic alternatives for a financial rescue. At the same time, R&Q ...