reinsurance News
Doomed to Melt: Greenland’s ‘Zombie Ice’ and Rising Sea Levels
Zombie ice from the massive Greenland ice sheet will eventually raise global sea level by at least 10 inches (27 centimeters) on its own, according to a study released Monday. Zombie or doomed ice is ...
InsurTech Accelerant Launches $175M Sidecar Investment Vehicle Flywheel Re
Accelerant, an InsurTech platform aiming to provide underwriters with risk exchange, data analytics and long-term capacity commitments, announced a new $175 million sidecar vehicle, Flywheel Re. ...
Rising Premiums, Low Catastrophe Losses Boost U.S., Bermuda Reinsurers’ H1 Profits
U.S. and Bermuda reinsurers reported strong operating performance for the first six months of 2022, supported by continued pricing increases in most reinsurance and specialty lines of business as ...
Reinsurance Capital to Drop $40B: AM Best
AM Best estimates that traditional reinsurance capital will drop by roughly $40 billion to $435 billion at year-end 2022, after hefty jumps recorded in each of the prior three years. The projected ...
Munich Re Keeps No. 1 Spot in Ranking of 50 Global Reinsurers, With Swiss Re at No. 2
Munich Re for the second-straight year holds the top spot in AM Best's annual ranking of the Top 50 Global Reinsurance groups in 2021, followed once again by Swiss Re. The two global reinsurers ...
Reinsurance M&A Slows Amid Macroeconomic Risks, Higher Natural Disaster Claims
Mergers and acquisitions in the global reinsurance sector will be limited into 2023 amid investor concerns over macroeconomic risks and heightened catastrophe losses linked to climate change, ...
Industry’s Blockchain Project, B3i, Ceases to Trade After Filing for Insolvency
The industry's blockchain project, B3i, has ceased activities and filed for insolvency following unsuccessful funding rounds. "The directors, following consultation with the shareholders, have ...
Why InsurTechs Should Be Scared of the Reinsurer’s Veto
Cash burn is so 2020. To keep with the recent theme of calling out the obvious, it's time to talk about the next big risk for product-centric InsurTechs. It's not cash burn. Everyone knows about that ...