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Property-Catastrophe Reinsurance Rates Will Stop Dropping Post Wildfires: Execs

Feb 3 2025 // RenaissanceRe expects to incur about $750 million in losses from the January 2025 California wildfires—and anticipates that industrywide impacts should halt the drop in property-catastrophe reinsurance prices observed at...

Reinsurance Buyers With Good Portfolio Stories See Better Renewal Outcomes: Brokers

Jan 27 2025 // Reinsurance buyers generally found ample capacity during January renewals as well as increased reinsurer appetite, which led to risk-adjusted rate reductions and improved terms and conditions for clients that could...

LA Fires Could Consume 30% of European Reinsurers’ Natural Disaster Budgets: Fitch

Jan 24 2025 // The Los Angeles wildfires could consume more than 30% of the aggregate natural catastrophe budgets set for 2025 by Europe’s four largest reinsurers – Swiss Re, Munich Re, Hannover Re and SCOR, according to a Fitch...

FEMA Transfers $758M in US Flood Program Risk to 27 Private Reinsurers

Jan 21 2025 // The Federal Emergency Management Agency (FEMA) said its reinsurance renewal for the National Flood Insurance Program (NFIP) included the transfer of nearly $758 million to the private market through the use of 27...

Broker Juniper Re Enters London With Industry Veteran Hawke at Helm

Jan 17 2025 // Juniper Re LLC, the specialist reinsurance broking arm of The Baldwin Group, announced its entry into the London market, appointing industry veteran Nick Hawke as head of office. With more than four decades of reinsurance...

Will California’s FAIR Plan Have Enough Cash for Its Wildfire Claims?

Jan 16 2025 // There has been some question about whether California’s insurer of last resort – the FAIR Plan – has enough cash on hand to pay for its share of wildfire claims. As surplus is inadequate and reinsurance has a...

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