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...
Is AXIS Selling Its Reinsurance Business? Some Say: Where There’s Smoke, There’s Fire April 29, 2022 By L.S. Howard AXIS Capital Holding’s chief executive officer would not comment on reports that the company is looking to sell its reinsurance...
Swiss Re Secures $1.15B Stop-Loss Protection to Support Reinsurance Growth April 19, 2022 Swiss Re has secured US$1.15 billion in stop-loss cover that protects the entire group for severe underwriting-related losses over a...
SCOR Warns of Ukraine Conflict Impact on Q1 2022 Results April 18, 2022 Paris-based reinsurer SCOR said the company expects a first-quarter 2022 charge in the high double-digit million euros range for potential...
Swiss Re Chairman Re-elected Despite Proxy Adviser’s Concerns About Diversity April 14, 2022 Swiss Re shareholders re-elected Sergio Ermotti as chair, the company said on Wednesday, despite a recommendation by proxy adviser Institutional...
SCOR Reports 19% Premium Growth in January Renewals, Average Price Hikes of 4.9% February 8, 2022 SCOR reported 19.0% premium growth during the January property/casualty (P/C) reinsurance renewals and an overall average P/C price increase of...
Fortitude Re Forms Bermuda Multi-Line Reinsurer, Buys U.S. Life Insurer January 7, 2022 Fortitude Re announced the formation of a Bermuda multi-line reinsurer and the acquisition of a U.S. life insurer. In addition,...