Munich Re’s Q2 Profit Rises 91%, While COVID-19 Losses Outpace Expectations August 10, 2021 German reinsurance group Munich Re said on Tuesday it would meet its 2021 profit goal as it raised its forecast...
Reinsurers Show Strong Profits During 2nd Half, Rebounding from 2020’s Challenges July 30, 2021 By L.S. Howard The first half financial results, reported by a group of six reinsurers over the past week, generally show a strong...
We Can Work It Out: Negotiations Likely on COVID-19 Reinsurance Losses June 11, 2021 By Susanne Sclafane Catastrophe excess of loss reinsurance contracts “never anticipated an event like a pandemic,” but cedents can still expect compromises from...
Reinsurers Remain Resilient Despite P/C Underwriting Losses in 2020 April 22, 2021 By L.S. Howard Despite the combined effects of around $25 billion of pandemic and natural catastrophe-related losses as well compromised investment returns, a...
Industry Underestimating COVID-19 Biz Interruption Losses: RenRe CEO January 29, 2021 By Susanne Sclafane During an upbeat earnings call focused on how RenaissanceRe is using $1 billion of capital it raised last year in...
January Renewals Saw Some of Sharpest Price Hikes in Recent Years: Howden January 6, 2021 Lower investment yields, adverse catastrophe loss development, higher loss cost trends, concerns over climate change, and, of course, the pandemic...
Global Reinsurance Sector Receives ‘Stable’ Market Outlook as Rates Keep Hardening December 8, 2020 By L.S. Howard The outlook of the global reinsurance sector is “stable,” which is mainly a reflection of hardening pricing conditions and tighter...
How Insurance Industry Might Respond if a Pandemic Is an Act of Terror September 21, 2020 By L.S. Howard Imagine a scenario where COVID-19 was manufactured in a lab and was released as an act of terror. Tracey Gibbons,...
Reinsurance Sector ‘Stable’ Despite Major Headwinds: AM Best September 14, 2020 By Adrian Leonard The tailwinds propelling the global reinsurance sector are sufficient impetus for the ratings agency AM Best to retain its stable...
Major UK Ruling on Business Insurance for COVID-19 Claims Expected Tuesday September 14, 2020 By Benjamin Robertson and Lucca de Paoli Insurers battered by coronavirus are about to find out how much worse the damage could get. A London court is...