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 ...
Reinsurance
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 ...
Global Reinsurers to Bear Bulk of Losses From Turkey-Syria Earthquake: Fitch
Most insurance payouts due to the earthquake that hit Turkey and Syria ultimately will be borne by global reinsurers, according to Fitch Ratings. "The vast majority of insured losses will be covered ...
Moody’s Downgrades SCOR’s Rating to A1 From Aa3 on Weakening Profits
Moody's Investors Service downgraded the Insurance Financial Strength Rating (IFSR) of SCOR SE and its key operating entities to A1 from Aa3 while at the same time ...
Insurance Groundhogs Have Their Day: Some Primary Prices Need to Go Higher
Sure, it's nice to know whether Spring is around the corner or more than a month away, but what about insurance market conditions? How long will a hard market last in many lines? Are insurance prices ...
Swiss Re Revamps Structure by Splitting Reinsurance Biz, Creating Client Business Unit
Swiss Re announced plans to streamline its organizational structure by splitting its current Reinsurance Business Unit into P&C Re and L&H Re, while creating a new business unit called Global ...
They’ll Be Back: RenRe CEO Predicts Cedent Demand for Re Limit Will Rise
Although insurance companies that may have wanted more reinsurance coverage going into the 1/1 renewals elected to close their wallets in the face of rising rates, they will ultimately seek that ...
S&P Predicts Reinsurers Will Continue Pricing Momentum During 2023
A hard market in short-tail lines — such as property and property catastrophe — across global geographies is likely to continue throughout 2023, after beginning the ...
January Reinsurance Renewals Were Most Challenging in 2 Decades: MMC’s Doyle
The most challenging January reinsurance renewals in nearly two decades saw global property-catastrophe rate increases of 25-60 percent, with loss-affected clients facing ...