Brazilian Reinsurer IRB Raises $228.9M in Share Offering September 2, 2022 Brazilian reinsurer IRB Brasil Resseguros SA confirmed late on Thursday it had raised 1.2 billion reais ($228.9 million) in a...
IRB Brasil Re Weighs New Share Offering After Warnings About Capital Adequacy August 16, 2022 IRB Brasil Resseguros SA on Monday said it is considering a new capital increase to reinforce its financial structure, after...
Munich Re’s Profit Slumps as It Takes $1 Billion Hit to Investment Portfolio August 9, 2022 By Stephan Kahl Munich Re’s profit slumped as the reinsurer took a hit of almost $1 billion to its investment portfolio in a...
Floods, Storms Drive Global Insured Catastrophe Losses of US$38B in H1 2022: Swiss Re August 2, 2022 A series of winter storms in Europe, record floods in Australia and South Africa as well as a high number...
Reinsurer SCOR Reports H1 Loss of €239M Blamed on Ukraine War, Natural Disasters July 28, 2022 By L.S. Howard Reinsurer SCOR reported a first half loss attributed to the war in Ukraine, natural catastrophes and the severe drought in...
Ariel Re Sponsors 6 Bermudian Students for Summer Internship Program June 30, 2022 Six Bermudian students will be learning about the global reinsurance industry this summer as part of an internship program with...
AXIS Exits Property Reinsurance to Focus on Specialty; Leadership Team Restructured June 8, 2022 By L.S. Howard AXIS Capital Holdings Ltd. announced it has completed the shift of AXIS Re from property reinsurance to focus instead on...
Africa Specialty Risks Increases Energy Portfolio’s Capacity to $38 Million May 13, 2022 Africa Specialty Risks (ASR), the pan-African focused reinsurance group, announced its energy division’s capacity increased to $38 million, provided through...
With Inadequate Natural Catastrophe Prices, Swiss Re Gives Florida a Wide Berth May 6, 2022 By L.S. Howard Premium rates for natural catastrophe risks in Florida continue to be inadequate, which is why Swiss Re is giving that...
AXIS Insurance International Launches Portfolio Underwriting Unit in London May 4, 2022 AXIS Capital Holdings Ltd. has launched a portfolio underwriting unit, which targets multi-class portfolio business that is placed in the...