Reinsurance
Property Catastrophe Reinsurers Show Greater Risk Appetites as Price Hikes Continue
Reinsurers have boosted their 2022 probable maximum loss (PML) exposures as higher prices continues to attract more capital to property-catastrophe risks, according to Moody's Investors Service. ...
Global Insurance Losses From Russia-Ukraine War Could Range From $16B to $35B
Global insurance losses from the Russia-Ukraine war could range from $16 billion to $35 billion, with reinsurers expected to assume 50 percent of those claims, according to a report published by ...
As the insurance market continues to stabilize, the next phase of the market will reward independent agencies that can respond...
$10B Worst Case Insurance Aviation Loss for Planes Grounded in Russia
A realistic estimate of aviation insurance and reinsurance losses for the grounding of planes in Russia falls in the $5-$6 billion range, but a worst-case estimate of $10 billion would be the biggest ...
Financial Market Volatility of Russia-Ukraine War Likely to Impact European Insurers
According to Fitch Ratings, the Russia-Ukraine war is more likely to affect the European insurance sector through second-order financial market volatility than through direct effects from sanctions. ...
How Lloyd’s is Responding to Events in Ukraine
Russia and Belarus represent less than 1 percent of business transacted by Lloyd's of London, the commercial insurance market said, adding that it would look to curtail Russian exposure in several of ...
Swiss Re, Allianz, WTW Cutting Russia Ties
Allianz and Swiss Re said on Monday they were cutting back on Russian business as European financial institutions turn their backs on Russia. The German insurer and Swiss reinsurer join banks ...
ILS for Casualty: The Backstory of Ledger Investing
In the aftermath of Hurricane Andrew's $15.5 billion in insured losses in 1992, insurance-linked securities emerged to distribute a portion of future property-catastrophe risk to investors. At the ...
James River Reserve Charge, ‘Strategic Actions’ Won’t Damage AM Best Rating
AM Best announced on Tuesday that the rating agency won't change the A- (Excellent) financial strength ratings for the operating subsidiaries of James River Group Holdings, Ltd., a day after the ...