Reinsurance
Not Your Grandpa’s Hard Reinsurance Market; Profits Return, Discipline Stays
The current property-catastrophe reinsurance market is one of the hardest in decades—and very different from previous ones, a new AM Best report notes, also predicting that underwriting discipline ...
S&P Sees Improved Outlooks for Munich Re and Swiss Re
S&P Global Ratings affirmed the ratings of the two biggest global reinsurers this week, Munich Re and Swiss Re, also revising the outlooks for both of them. For Munich Re, S&P affirmed its ...
Severe Convective Storms Dominate Insured Natural Disaster Losses in H1: Swiss Re
Global natural catastrophes cost insurers $50 billion in the first half of 2023, (H1 2022: $48 billion), with most of the losses stemming from severe convective storms, according to Swiss Re. "Severe ...
Hard Market Game Refuses to End: Arch Capital CEO
Drawing analogies to an epic tennis match and the hands of a clock, the leader of Bermuda-based Arch Capital declared the current hard market one of the longest the P/C industry has ever experienced. ...
Guy Carp Analysis: Cyber Cat Model Results Diverge
Significant progress has been made in advancing vendor's cyber catastrophe models, but a notable degree of variability exists across model outputs, which can pose a challenge to insurance and ...
Reinsurance Broker Augment Launches With Access to $100M in Funding
Augment, a new Miami-headquartered reinsurance broker, announced its official launch with access of up to $100 million in funding from Altamont Capital Partners. Over the last decade, the global ...
Will S&P Change ‘Negative’ Reinsurance Outlook to ‘Stable’ in ’23?
While no one directly asked the question of this article's headline at the S&P Global Ratings June annual insurance conference, the prospect that an outlook change is near came into view during ...
AXA Weighs Offloading $2B Reinsurance Arm to Cut Exposure to Disasters: Sources
One of the world's top insurers is mulling offloading its property reinsurance business in a bid to cut its exposure to natural disasters like hurricanes, according to three people familiar with the ...