Reinsurance
It’s Not Over: Tough Times to Persist for Reinsurance
Repeating words like "frustrated" and "disappointed," which also punctuated earlier reinsurance broker reports on the Jan. 1 reinsurance renewals to describe buyers' reactions, Aon suggested that the ...
Reinsurers Retreat From U.S. Disaster Hotspots on Climate Risks
Reinsurers are increasingly reconsidering their business in natural disaster-prone locations including California and Florida as losses mount, according to Moody's Investors Service. Climate change ...
Reinsurance Price Hikes to Boost Underwriting Margins
In a report published Tuesday, Fitch Ratings forecasted that sharp reinsurance price hikes achieved during Jan. 1 renewals will improve underwriting margins for its rated global reinsurance universe ...
Beazley Launches Global Re/Insurance Market’s First Cyber Catastrophe Bond
Specialist insurer Beazley has launched the global insurance market's first cyber catastrophe bond. The $45 million bond gives Beazley indemnity against all perils in excess of a $300 million ...
January Renewals See Hardest Property-Catastrophe Reinsurance Rates in Generation
A convergence of global events has led to the hardest property-catastrophe reinsurance market in a generation and a "complex," "grueling" and "late" January renewal season, which went down to the ...
Reinsurers Winning on Price, Not Coverage Restrictions: Guy Carpenter
Prices rose, but threatened coverage changes haven't materialized during a delayed 1/1 reinsurance renewal period, according to reinsurance broker Guy Carpenter. Referring to Jan. 1, 2023 as "one of ...
Florida Relief Not Immediate: AM Best
Insurance reforms passed in Florida's most-recent legislative special session will lead to much-needed relief to the state's homeowners market, but the impact won't be immediate, AM Best analysts ...
White Mountains Ark Sub Sponsoring Prop-Cat Re Sidecar
White Mountains Insurance Group, Ltd. announced today that Ark Insurance Holdings Limited, its specialty property/casualty reinsurance and insurance subsidiary, has sponsored the formation of a ...