QBE Insurance Announces $1.9 Billion Loss Portfolio Transfer With Enstar February 17, 2023 By L.S. Howard QBE Insurance Group announced a reinsurance transaction with legacy acquisition specialist Enstar, designed to de-risk the group’s exposure to portfolio...
Zurich Insurance Reports 12% Drop in Net Income to $4.6B, but Exceeds Targets February 10, 2023 By L.S. Howard Zurich Insurance Group reported net income attributable to shareholders of $4.6 billion in 2022, a 12% decrease from $5.2 billion...
Brookfield Reinsurance to Acquire Insurer Argo Group in $1.1B Deal February 8, 2023 By L.S. Howard Financial services firm Brookfield Reinsurance announced it has entered a definitive agreement to acquire Argo Group International Holdings in an...
Earthquakes Deliver Another Blow to Turkey’s Re/Insurance Industry: Reports February 8, 2023 By L.S. Howard Two powerful earthquakes, which hit southeastern Turkey on Feb. 6, 2023, deliver another blow to the local re/insurance industry, according...
Rising Costs of Secondary Perils Force Reinsurers to Require Higher Attachment Points January 31, 2023 By L.S. Howard Economic and insured losses from secondary perils from natural catastrophes are accelerating and surpassing the loss totals from primary perils,...
January Reinsurance Renewals Were Most Challenging in 2 Decades: MMC’s Doyle January 27, 2023 By L.S. Howard The most challenging January reinsurance renewals in nearly two decades saw global property catastrophe rate increases of 25% to 60%...
January Renewals See Hardest Property-Catastrophe Reinsurance Rates in a Generation January 23, 2023 By L.S. Howard A convergence of global events has led to the hardest property catastrophe reinsurance market in a generation and a “complex,”...
January Renewals See Hardest Property Catastrophe Reinsurance Rates in Generation January 4, 2023 By L.S. Howard A convergence of global events has led to the hardest property-catastrophe reinsurance market in a generation and a “complex,” “grueling”...
Top 10 International Insurance Journal Stories of 2022 December 29, 2022 By L.S. Howard As we reach the end of another eventful year, Insurance Journal takes a look back at some of the top...
Could G-7 Sanctions Against Russia Have Unintended Insurance Consequences? December 16, 2022 By L.S. Howard The G-7 sanctions on Russian oil, which include a $60 per barrel price cap and restrictions on key services such...