Reinsurers News

Credit Suisse Sells Operational Risk Bonds, Insuring Rogue Trading, Cyber Crime

Credit Suisse Group AG sold 220 million Swiss francs ($222 million) of bonds designed to offload potential losses on events like rogue trading, with some investors sidestepping the issue because of the incalculable risk. The second-largest Swiss lender initially planned …

Rio Olympics Will Proceed – Despite Zika Epidemic: Munich Re Underwriter

Should the Olympics proceed in Rio de Janeiro in August as planned? With the lighting of the torch set to take place in less than three months, a handful of medical experts are calling for the games to be postponed …

Global Reinsurer Profits Expected to Dip in 2016 as Soft Market Takes Toll: Fitch

Global reinsurance sector profits in 2016 will fall below 2015 levels as soft market rates, low investment income and an over-supply of capital continue to take their toll on the market, according to a new report from Fitch Ratings. Fitch …

Factbox: An Overview of Effects of ‘Brexit’ on UK Financial Services

Britain, Europe’s biggest financial center, votes on June 23 on whether to leave the European Union. The country’s banking and fund management industries are among those that could lose most from a so-called Brexit, many analysts have said, though much …

Global Financial Leaders Warn About Dangers of Negative Interest Rates

The chorus of global financial leaders warning about the fallout from negative interest rates is getting bigger. Nobuyuki Hirano, president of Mitsubishi UFJ Financial Group Inc., lambasted the Bank of Japan’s negative rates last week for putting banking stability at …

Reinsurers’ Results Are Strong – but Can Good Fortune Continue? Asks A.M. Best

Reinsurers have been delivering solid operating results, with publicly traded reinsurers currently outpacing the overall equity market – but this good fortune may not be sustainable, given the headwinds that are buffeting the industry, according to a report published by …

Catastrophe Reinsurance Prices Will Continue to Drop This Year: Swiss Re

Reinsurance prices will continue to fall this year as competition for customers from hedge funds and other sources of alternative capital send premiums to their lowest in four years, according to Swiss Re AG. “Price reductions have slowed down but …

Alternative Capital Up 12%, Traditional Reinsurance Drops 4% in 2015: Aon Report

Alternative capital continues to make its presence felt in the reinsurance market, increasing by 12 percent during 2015 to $72 billion, while traditional capital decreased by 4 percent to $493 billion, according to a report published by Aon Benfield. Capital …

Aon Benfield Launches Global Reinsurer Trading Platform with Real-Time Data

Aon Benfield, the reinsurance intermediary and capital adviser of Aon plc, will launch on April 11 a global reinsurer trading platform called ABConnect Placements. Available for use with the July 1 renewals, ABConnect Placements will provide a more integrated, streamlined …

April Renewals Saw More Price Cuts, but Reinsurance Demand Rises: Willis Re

While the April 1 renewals saw a continuation of the softening market, there are encouraging signs that price cuts are slowing and reinsurance demand is rising, according to a Willis Re report. For the fourth consecutive year, reinsurance buyers have …