reinsurance News
Buyer-Friendly April Reinsurance Renewal Bodes Well for Mid-Year Renewals: Brokers
The April reinsurance renewals saw a competitive, buyer-friendly market with plentiful capacity and price reductions for loss-free accounts – in a continuation of the favorable market conditions ...
AIG’s Zaffino Talks More on Insurer-Reinsurer Balance as $200B Cat Year May Loom
American International Group CEO Peter Zaffino used the insurer's fourth quarter earnings call to again talk about reinsurance attachments points, throwing in the possibility 2025 could be the year ...
Ex-AIG Chief Duperreault Secures $700M for Mereo Reinsurance Startup
Mereo Advisors, a Bermuda-based firm chaired by former American International Group Inc. Chief Executive Officer Brian Duperreault, has secured more than $700 million to fund its new reinsurance ...
Mercury General Gives Reinsurance Update: One or Two Events Still TBD
Mercury General provided updated information about its reinsurance program yesterday, reporting that whether losses from the Palisades and Eaton wildfires burning in California will be treated as one ...
Will California’s FAIR Plan Have Enough Cash for Its Wildfire Claims?
There has been some question about whether California's insurer of last resort – the FAIR Plan – has enough cash on hand to pay for its share of wildfire claims. As surplus is inadequate and ...
Mercury General Wildfire Losses Will Hit Reinsurance Cover. One Event?
Mercury General Corporation said it expects losses from wildfires burning in California since Jan. 7 to exceed its $150 million reinsurance retention, without providing a specific dollar estimate of ...
Significant But ‘Manageable’ Insurance Losses Expected From LA Fires: S&P
Insurers are facing significant losses from the catastrophic Los Angeles wildfires—given the high value of homes and businesses in the affected communities. However, those losses are likely to be ...
Reinsurers in Growth Mode Brought Capacity, Flexibility to 1/1 Renewals
Reinsurance buyers generally found ample capacity during the January renewals, reinsurance brokers Aon, Gallagher Re and Howden confirmed in their renewal reports. Increased reinsurer appetites meant ...