reinsurance News
Moody’s Downgrades Global Reinsurance Sector Outlook
Moody's downgraded its outlook for the global reinsurance sector to negative from stable, citing a challenging operating environment hampered by the coronavirus pandemic and its adverse impact on ...
With Hardening Market and Higher Rates, Swiss Re Offers Positive Renewal Outlook
Swiss Re said it sees a positive outlook for renewals as the market continues hardening and rates increase. "Even before the COVID-19 crisis, most major markets were operating at below-average ...
Munich Re Saw COVID-19 Claims Slow Down in Q3
German reinsurance group Munich Re said on Monday that claims related to the coronavirus pandemic have slowed so far in the third quarter but that it expects hits from a series of hurricanes in North ...
PartnerRe Rejoins Largely Unchanged Reinsurance Top 10: A.M. Best
The 10 largest global reinsurers of 2019 represent a paragon of stability, according to A.M. Best's new market segment report. That's largely because so little changed from the year before. Nine of ...
China Re Group Enjoyed Robust Growth for H1 2020
China Re Group Corp enjoyed rapid growth in premiums and steady profitability in the first half of 2020 despite the pandemic. Overall, gross written premiums in the first half of 2020 increased 20.5 ...
Envelop Risk Paves the Way as InsurTech Reinsurance MGA
Managing general agents for reinsurance are rare. Reinsurance MGAs that write cyber are even rarer, which is the world that Envelop Risk inhabits. "We think we're the only InsurTech firm involved in ...
MGA New Paradigm Aims to Bridge the Natural Catastrophe Protection Gap
Evan Glassman saw a gap in the property insurance market—literally. Glassman, working as a retail producer in south Florida for most of his career, realized that the insurance industry's products ...
Reinsurance Experience in Africa, Asia Sets MGA Tempo Apart
Tom Bailey, executive director of Tempo Underwriting, has a theory about what it takes to build a business based on the reinsurance MGA model. "For a reinsurance MGA to be successful and to have a ...