RenRe Completes $3.3 Billion Acquisition of Validus Re From AIG
RenaissanceRe Holdings Ltd. announced it has concluded its acquisition of Validus Re, the treaty reinsurance business of American International Group.
Why the Investor-Driven Hard Reinsurance Market Will Persist in ’24
Reinsurers will continue to command adequate rates for property-catastrophe in 2024, even if the market comes through hurricane season unscathed, reinsurance company executives said last week. Kevin ...
Insurance Groundhogs Have Their Day: Some Primary Prices Need to Go Higher
Sure, it's nice to know whether Spring is around the corner or more than a month away, but what about insurance market conditions? How long will a hard market last in many lines? Are insurance prices ...
Vendor Cat Models Not Capturing Climate Change Impact: RenRe CEO
During a quarterly earnings call, the leader of RenaissanceRe discussed drivers of company's third straight double-digit operating ROE result, its resilience to inflation and recession risk, and also ...
RenRe Launching Casualty, Specialty Venture for ILS Investors
With institutional investors providing the bulk of the capital, RenaissanceRe Holdings has announced the creation of a new joint venture dedicated to casualty and specialty risks. Launched with $475 ...
The Bottom Line: The Early Read on 2021 P/C Earnings
For publicly traded commercial insurers and reinsurers that reported 2021 earnings in January 2022, net income soared nearly 40 percent, with double-digit premium growth and higher levels of ...
RenRe: Absorbing Over $1B in Weather Cats
Early last year, the leader of RenaissanceRe predicted that his company would put $1 billion more net written premium on the books in 2021 than it did in 2020. RenRe's President and CEO Kevin ...
The Bottom Line: Earnings Reports for RLI, RenRe and AXIS Capital
For publicly traded commercial insurers and reinsurers that reported 2021 earnings in January 2022, net income soared nearly 40 percent, with double-digit premium growth and higher levels of ...
Hurricane Ida, Europe Floods Will Ding Q3 Results for RenaissanceRe, Arch Capital
RenaissanceRe Holdings Ltd. estimated losses from certain catastrophe events will have a net negative impact of approximately $725 million on the company's third quarter 2021 results. This estimate ...
Aon Cell Company + 8 Reinsurers Back Lloyd’s Central Fund; $900M Cover
Late last week, Lloyd's announced that the marketplace has secured a five-year £650 million (roughly $900 million) reinsurance cover for its Central Fund—a move should protect against severe tail ...