Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Hurricane Costs Become Talk of Monte Carlo’s Reinsurance Rendezvous
Sep 18 2017 // As Hurricane Irma battered Florida, the cream of the insurance world — gathered in Monte Carlo — was assessing the costs of the storm for the global industry. The takeaway so far: Irma and its predecessor,...
Fitch Expects Most Insurers, Reinsurers to Handle Losses from Both Harvey, Irma
Sep 14 2017 // Fitch Ratings reported that based on its initial assessments, most U.S. insurance companies and global reinsurers that it rates are not expected to be downgraded as a result of the combined effects of Hurricanes Irma and...
After Months of Development, B3i’s Blockchain Prototype Is Ready for Testing
Sep 14 2017 // The industry’s Blockchain Insurance Industry Initiative (B3i) has developed a reinsurance blockchain prototype for a property excess of loss contract—and could be on the cusp of an industry revolution. Unveiled...
JLT Re Packages Reinsurance Deal for Pay-Per-Mile Insurer Metromile
Sep 13 2017 // Pay-per-mile personal auto insurer Metromile announced a partnership with global reinsurance broker JLT Re for a risk transfer and unique reinsurance agreement. Hudson Bermuda led this reinsurance agreement which also...
Insurtech Firms Often Help, Not Disrupt, Traditional Reinsurers: JLT Re
Sep 12 2017 // A wave of insurtech startups are entering the re/insurance market – but that’s not necessarily a disruptive trend, according to a report published by JLT Re. Indeed, the report points to close collaboration between...
Insurers Gain as Shifty, Weakened Irma May Not Be as Damaging as Feared
Sep 11 2017 // Insurers jumped in markets from Europe to Florida amid signs that predictions about Hurricane Irma’s damage were excessively dire. Giant reinsurers like Swiss Re and Munich Re, which shoulder risks for local insurers...
Irma Analysis: Insurer Financial Stress Unlikely If Early Loss Estimates Hold
Sep 11 2017 // Before Hurricane Irma made landfall in south Florida on Sunday morning, analysts were assessing the potential damage to property/casualty insurer and reinsurance balance sheets and earnings. On Friday, Fitch Ratings noted...
Hurricane Costs Become Talk of Monte Carlo’s Reinsurance Rendez-Vous
Sep 10 2017 // As Hurricane Irma battered Florida on Sunday, the cream of the insurance world — gathered under the Mediterranean sun in Monte Carlo — was assessing the costs of the storm for the global industry. The takeaway...
Update: Insurance Industry Preparation for Hurricane Irma in Full Swing in Florida
Sep 7 2017 // Source: National Hurricane Center Insurers are taking no chances in preparing for Hurricane Irma as the powerful category 5 storm slogs its way through the Caribbean, devastating the communities left in its wake on its...
Here’s What a Category 5 Hurricane Could Do to Florida
Sep 7 2017 // Florida hasn’t suffered a category 5 storm since Hurricane Andrew hit the north Miami area on Aug. 24 1992, but the risk of such a storm has not gone away or even declined. In fact, the state’s risk of...
As Irma Looms, This Small Insurer Has an Outsized Bet on Florida
Sep 7 2017 // As Hurricane Irma edges closer to Florida, investors on Wall Street are watching a small insurer with an unusually big commitment to the state. Universal Insurance Holdings Inc., with a market capitalization dwarfed by...
Re/Insurance Broker BMS Launches Spain-Based BMS Iberia
Sep 6 2017 // BMS Group Ltd., the London-based specialist insurance and reinsurance broker, announced the launch of a new European venture, BMS Iberia. The operation will be spearheaded by recently appointed directors Fernando Claro in...
Everest Insurance Releases New Builders Risk Policy Forms
Sep 6 2017 // Everest Insurance has expanded their construction builders risk offering with the launch of a suite of new builders risk policy forms. These forms offer commercial builders risk coverage products targeting project specific...
Pre-Monte Carlo Outlook: Reinsurance Rates to Drop Up to 7.5% Despite Harvey
Sep 5 2017 // Global reinsurance rates are likely to fall by up to 7.5 percent at Jan 2018 renewals due to strong competition, despite the impact of Hurricane Harvey, ratings agencies said on Tuesday. Reinsurers, which help insurers...
Harvey Hits Home
Sep 4 2017 // As a native Texan, my heart hurts for the thousands of people and business owners affected by Hurricane Harvey. Family, friends and business associates in the Lonestar State will be dealing with the aftermath for years to...
25 Years Later: How Florida’s Insurance Industry Has Changed Since Hurricane Andrew
Sep 4 2017 // Aug. 24, 1992 was anything but a typical Monday for Robert Reynolds as he drove through debris-filled roads and devastation on the way to his family-run agency then located just north of Homestead, Fla. Hurricane Andrew...
S&P: Primary P/C Insurers, Not Reinsurers, to Bear Brunt of Harvey’s Insured Losses
Aug 29 2017 // While it’s too early to accurately quantify the insured losses related to Hurricane Harvey, primary insurance carriers — as opposed to reinsurers — would retain the majority of losses, according to analysts at...
Harvey’s Insured Losses Hurt Insurers’ Stocks, Could Boost Reinsurers’ Prices
Aug 29 2017 // Hurricane Harvey’s whipsaw of wind and rain across Houston and the Texas Gulf Coast hurt the shares of U.S. property and casualty insurers on Monday as Wall Street analysts estimated insured losses as high as $20...
25 Years Later…What If an Andrew-Type Storm Hit Florida Today?
Aug 28 2017 // Though Florida hasn’t suffered a category 5 storm since Hurricane Andrew hit the north Miami area on Aug. 24 1992, the risk of such a storm has not gone away or even declined. In fact, the state’s risk of...
25 Years Later: How Florida’s Insurance Industry Has Changed Since Hurricane Andrew
Aug 24 2017 // Aug. 24, 1992 was anything but a typical Monday for Robert Reynolds as he drove through debris-filled roads and devastation on the way to his family-run agency then located just north of Homestead, Fla. Hurricane Andrew...
