reinsurance News
Repair Your Damaged Reputations, AM Best Tells UK Insurers
While most of the COVID-related problems that plagued U.K. commercial property insurers will abate after the March anniversary of lockdowns, battles with reinsurers and damaged reputations are ...
Industry Underestimating COVID Biz Interruption Losses: RenRe CEO
During an upbeat earnings call focused on how RenaissanceRe is using $1 billion of capital it raised last year in 2021, the CEO highlighted one negative development for the industry ...
W.R. Berkley Reports Record Q4 Net Income
W.R. Berkley Corp. generated record net income in its 2020 fourth-quarter and a healthy combined ratio, results that company attributed to rate hikes, bigger investment returns and ongoing ...
2021 InsurTech NY Early-Stage Competition Looks to Bermuda
InsurTech NY and the Bermuda Business Development Agency are teaming up for the 2021 InsurTech Early-Stage Competition. Bermuda's lucrative reinsurance market could benefit from the arrangement, ...
The U.S. Struck Hardest by 2020 Global Insured Cat Losses: Aon
As bad as 2020 was, global insured catastrophe losses came in at relatively normal levels. The U.S. stands as a notable exception, however, with a large surge in hurricanes, wildfires, and other ...
ABIR Names New Officer Slate for Next Two Years
The Association of Bermuda Insurers and Reinsurers (ABIR) disclosed its new slate of elected offers for 2021-2022. They are: Chair Marc Grandisson, CEO of Arch Capital Group Ltd; Deputy Chair Pina ...
Natural Catastrophe Damages Reached $210B in 2020: Munich Re
Natural catastrophes around the world resulted in $210 billion in damage in 2020, with the United States especially hard hit by hurricanes and wildfires, a top insurer said on Thursday. The damage, ...
Aviation Reinsurance Jan. 1 Renewal Rates Climb Up to 250 Percent
Aviation reinsurance rates rose by up to 250% at the key Jan. 1 renewal date, broker Willis Re said in a report on Monday, with the market still reeling from the impact of Boeing 737 MAX crashes two ...