Reinsurance
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 compensation and told a London court she ...
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 reinsurance business, ...
How to Win Reinsurance Negotiations in a ‘Show Don’t Tell’ Hard Market
We need to talk about the cost of reinsurance. Primary property/casualty insurance carriers and MGAs are still squeamish following the most difficult January reinsurance renewals the industry has ...
AM Best Downgrades SCOR Ratings
AM Best announced Thursday that it has downgraded the financial strength rating to "A" (excellent) from "A+" (superior) and the long-term issuer credit ratings to "a+" (Excellent) from "aa-" ...
Lloyd’s 2022 Underwriting Results ‘Strong’ Despite Bottom-Line Red Ink
Lloyd's reported an interim full-year 2022 loss before tax of $947.6 million (£800 million ) as a result of investment losses of approximately $3.6 billion (£3 billion). This compares to a profit ...
Swiss Re Closes $700M Alternative Capital Deal, Enabling Growth in Favorable Market
Swiss Re has closed a $700 million multi-year stop-loss transaction with funding led by J.P. Morgan. The financing builds upon an innovative hybrid transaction concluded with J.P. Morgan in April ...
Reinsurance Recap: 2022 Results Mixed as Market Improves
Full-year 2022 financial results, reported by a handful of international groups that write reinsurance, show mixed results in a market full of challenges—ranging from inflation to the Ukraine war ...
Moody’s RMS Estimates $5B Insured Losses From Turkey Quake
The economic and insured losses from the earthquakes that hit southern Turkey on Monday, Feb. 6 continue to escalate as damage information and data keep pouring in. The catastrophe risk modeling firm ...