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Global insurance losses from the Russia-Ukraine war could range from $16 billion to $35 billion, with reinsurers expected to assume 50 percent of those claims, according to a report published by ...
AM Best announced it has suspended all commercial activities to clients in Russia and has withdrawn all credit ratings on Russia-based re/insurance companies, subject to sanctions imposed by the ...
Reinsurers are increasingly relying on third-party capital to support their retrocession needs, in which they transfer risks they have assumed to other counterparties. According to a report from ...
With an insured price tag of €4 billion to €5 billion (US$4.7 billion to $5.9 billion), economic losses from Germany's recent floods are likely to be significantly higher, which highlights a ...
Catastrophe excess of loss reinsurance contracts "never anticipated an event like a pandemic" when written but cedents can still expect compromises from reinsurers, an industry executive said ...
Global property and casualty reinsurers saw "good" rate increases during the January 2021 renewals but they came up short of a hard market, dashing reinsurers' hope of a strong start for 2021, ...
Following disappointing reinsurance pricing increases in 2018 and early 2019, it seemed that no amount of catastrophe losses would be sufficient to harden the overall market. However, during this ...
CNA Group gained an outlook upgrade from Standard & Poor's based on improvement of its commercial lines business. S&P Global Ratings revised its outlook for CNA to positive from stable. As ...
Even if James Bond were American International Group's chief executive instead of Brian Duperreault, he couldn't orchestrate a quick enough turnaround to prompt S&P to change the outlook on the ...
While affirming the A+ financial strength rating of the Society of Lloyd's, S&P Global Ratings announced said Thursday that it revised the rating outlook to negative from stable in the wake of ...
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