convergence capital News

ILS Market Hits New Record of $70B in 2015: Willis Capital Markets & Advisory

Total non-life insurance linked securities (ILS) capital reached a record $70 billion at year-end 2015 – topping the previous record of $65 billion at year-end 2014, according to the latest ILS market update from Willis Capital Markets & Advisory, the …

Best Maintains Negative Outlook on Global Reinsurance Sector

A.M. Best announced that it is holding to “its 2016 outlook for the global reinsurance sector at negative, citing the significant ongoing market challenges that will hinder the potential for positive rating actions over time and may eventually translate into …

A.M. Best: Reinsurers Need Underwriting Discipline in Competitive Market

Increasing competition and lower underwriting margins in the reinsurance market highlights the importance of disciplined underwriting, according to an A.M. Best briefing entitled “Global Reinsurers: Who Will Gain Despite All the Pain?” “The market is expected to remain challenging in …

Renewals See Lower Pricing, Broader Coverage, Reports Guy Carpenter

Guy Carpenter & Company reports reinsurance pricing fell at the January 1, 2015 renewals in many segments, affecting almost all lines of business and geographies, continuing recent renewal trends. According to Guy Carpenter’s 2015 global renewals report, entitled “Shaping the …

Cat Bonds, Sidecars Keeping Reinsurance Rates Low Says Guy Carpenter

Reinsurance market rates continued to be driven by an influx of capital from third-party investors at the July 1 renewals, in spite of catastrophe losses reaching approximately $20 billion during the first six months of 2013, Guy Carpenter & Co. …