A special report from A.M. Best notes that the “low level of insurance penetration seen in many Middle East and North Africa (MENA) countries, combined with the robust, albeit deteriorating, profitability achieved by the leading primary insurers, has made the …
Aon Benfield announced that it has secured “the reinsurance capacity for a unique cyber product developed by the Lloyd’s syndicate of mutual energy insurer AEGIS London. “The product offers a comprehensive cyber risk management service, and allows AEGIS’ policyholders to …
Everest Re Group, Ltd.’s special purpose reinsurer, Mt. Logan Re, Ltd., has secured additional funding, which brings current committed capacity to $370 million, above its initial target funding of $250 million. Mt. Logan Re, which was formed in early 2013, …
There is sufficient capacity available in insurance and reinsurance markets to provide sufficient coverage and withstand potential losses from hurricane related perils this storm season, according to Fitch Ratings’ annual hurricane season report. Early forecasts for the 2013 U.S. hurricane …
“A return to an underwriting profit in 2012 enabled the global reinsurance market to continue its growth trajectory despite significant challenges,” according to a new special report by A.M. Best Co. Best cited “deterioration in investment yields” as appearing to …
