Reinsurance

Wait ‘Til Next Year: Auto Profit Unlikely to Return in ’23, S&P Says

In spite of continued actions to raise prices of coverage, auto loss costs continue to climb and profits will continue to elude personal auto insurers—probably until 2024, analysts at Standard ...

Florida State-Run Reinsurance Plan a Bust? Only Three Sign On

After five years of tweaks to Florida's insurance and tort laws, all designed to reduce the vast amount of claims litigation and – eventually – bring down property ...

Resolute Global Partners Launches New Type of Reinsurance Contract

Resolute Global Partners, an investment adviser specializing in insurance and reinsurance, announced the launch of "Footprint," a new type of reinsurance contract, which ...

Courts Mixed on PFAS Coverage Litigation

A handful of coverage lawsuits have been decided over the application of pollution exclusions to deny coverage for PFAS claims, and rulings have been split on whether ...

Munich Re Exits Insurance Climate Group, Citing ‘Material’ Legal Risks

Munich Re is leaving an alliance of leading insurers that have committed to reduce emissions due to what it says are "material" legal risks, in a move that marks the ...

Reinsurance Tech Firm Tremor Launches Cat Bond Issuance Platform

Tremor Technologies Inc., the Boston-based reinsurance pricing and placing platform, has launched a catastrophe bond issuance platform called Tremor Issuer™. Tremor Issuer is part of the suite of ...

Swiss Re Faces $6.3M Claim Over Sex Discrimination, Unfair Dismissal

A former Swiss Re underwriter, who last year won a sex and maternity discrimination and unfair dismissal case, is seeking 5.1 million pounds ($6.3 million) in ...

Reinsurers Average 12.1% Premium Growth for 2022: Gallagher Re

Reinsurers' premium growth averaged 12.1 percent for full-year 2022 and 10.2 percent for the fourth quarter, which was driven by improved pricing for commercial lines and ...