International
AM Best Keeps Stable Outlook for Reinsurance Industry
The tailwinds propelling the global reinsurance sector are sufficient impetus for the ratings agency AM Best to retain its stable outlook for the reinsurance industry, despite multiple challenges. ...
UK Judges Rule Carriers Were Wrong to Reject COVID Business Interruption Claims
London judges have ruled that some of the world's biggest insurers were wrong to reject tens of thousands of claims from small firms battered by the COVID-19 pandemic, Britain's Financial Conduct ...
Casualty Reinsurance Demand Rises in North America Despite Hardening Primary Rates: Willis Re
Although there is a significant market correction taking place in the North American liability insurance market, demand for casualty reinsurance is increasing, said Chirag Shah, executive vice ...
COVID-19 Narrows VC Window to InsurTechs That Meet Urgent Industry Needs: Deloitte
InsurTech venture financing held its own in the first half of 2020, essentially matching robust levels reached over the same period last year despite economic shocks created by the coronavirus ...
Munich Re Pauses Selling Pandemic Business Coverage After Big H1 Losses
Munich Re has stopped selling coverage to protect against business losses in future pandemics after the German reinsurer took a 1.5 billion-euro ($1.8 billion) virus-related hit in the first half. ...
Underwriting Discipline Will Rule With January 1 Reinsurance Renewals
Economic uncertainty and volatility, in combination with COVID-19-related losses, is leading to a heightened level of cautiousness among property reinsurers unless pricing and terms and conditions ...
Lockton Re Imagined: Bringing Choice to Reinsurance Brokerage
While some reinsurance brokers see opportunities to achieve significant economies of scale in the reinsurance market through acquisitions, others see opportunities to grow by providing reinsurance ...
Global Reinsurers Face Major Hardening Market Over Next Two Years: Munich Re
Even before the coronavirus crisis hit, the re/insurance industry was in a period of significant rate hardening, which will likely continue over the next two years, or even longer, according to ...