reinsurance News
Natural Disaster-Related Losses Reach 13-Year Low in H1: Munich Re
Overall losses from storms, flooding and earthquakes almost halved in the first six months of 2018 to $33 billion, the lowest figure in 13 years, reinsurer Munich Re said on Wednesday. Insurers paid ...
May Trudges On With Brexit After Key Minister Abruptly Quits in Protest
British Prime Minister Theresa May pledged on Monday to pursue a newly agreed strategy to quit the European Union, in a challenge to those who may want to follow her former Brexit minister and quit ...
Q2 2018 Insured Cat Losses Land on the Low Side: Morgan Stanley
Insurers dealt with approximately $7.1 billion in global insured catastrophe losses during the 2018 second quarter, well below the historical average, Morgan Stanley estimates in a new research note. ...
Catastrophes Dipped in 2017 But Caused More Economic Damage: Swiss Re Sigma
Though there were fewer catastrophes globally in 2017 than the previous year, they caused significantly more damage, and the year's historic hurricane season is largely to blame, according to the ...
Property Catastrophe Reinsurance Rate Hike Momentum Sputters: Willis Re
Any momentum for property catastrophe reinsurance rate hikes in place earlier this year has largely dissipated during the June/July renewals, and some pricing has even dipped, Willis Re said in its ...
UK PM May Seeks to Force Brexit Reckoning
This could be a deadly month for Theresa May. Unpopular at home and in Brussels, the British leader will try to restore order with a Cabinet lock-in at her country estate that's been dubbed the body ...
Lloyd’s CEO Beale Will Depart Sometime in 2019
Lloyd's of London today announced that Chief Executive Officer Inga Beale will step down next year after leading the global insurance and reinsurance market for five years. An exact departure date ...
Easy Post-Brexit Market Access Not Likely for UK Insurers, Bankers
The European Union's default market access for foreign financial firms will not be eased for Britain after Brexit and improvements to the equivalence regime will apply to all third countries, an EU ...