Headlines Reinsurance Hub

Published Thursday - May 16, 2024

Swiss Re to Withdraw From Digital Insurer iptiQ, Reports Q1 Net Income of $1.1B

May 16, 2024 By L.S. Howard

Swiss Re announced plans to withdraw from its digital B2B2C insurance business, iptiQ, following a strategic review. The iptiQ business lost $250 million in 2023, but the loss was projected to be less in 2024. Nevertheless, Swiss Re decided its capital would be better used for its core activities, according to John Dacey, Swiss Re’s … Continued

Read Article

Published Monday - January 29, 2024

Reinsurance Market Likely to Begin Softening in 2025 as Capacity Rises in 2024: Fitch

January 29, 2024 By L.S. Howard

Reinsurers’ underwriting margins are expected to peak in 2024 on the significant price rises and tighter terms and conditions achieved during 2023 and in the January 2024 renewals, which will likely lead to softer market conditions in 2025, according to a report from Fitch Ratings. Strong returns and rising risk appetite will increasingly attract additional … Continued

Read Article