Ship Insurers to Cancel War Risk Cover for Russia, Ukraine Following Reinsurer Exit December 28, 2022 By Carolyn Cohn and Jonathan Saul Ship insurers said they are canceling war risk cover across Russia, Ukraine and Belarus, following an exit from the region...
‘Droves’ of Global Re Market Entrants Unlikely; Outlook Stable: AM Best December 2, 2022 Will 2023 reinsurance renewals mark a turning point to a “true hard market” that attracts “new capital in droves” and...
Property Cat Reinsurance Rates Likely to Rise by More Than 10% in January Renewals November 23, 2022 Reinsurance rates for property catastrophe business should increase by well over 10% when contracts are renewed in January 2023, according...
‘Hardening’ Property Catastrophe Market Enters ‘Hard’ Market Phase: Bank of America October 12, 2022 By L.S. Howard European reinsurers will miss their earnings targets in 2022 – for the sixth year in a row – which is...
Global Reinsurers’ Capital Levels Drop by 11% During H1, Hit by Declines in Markets September 6, 2022 Global reinsurers’ capital levels dropped by 11% in the first half of 2022 to $647 billion, hurt by market declines,...
Reinsurers Adopt Divergent Strategies About Natural Catastrophe Exposures: S&P August 31, 2022 By L.S. Howard The natural catastrophe business of global reinsurers has been reshaped by five years of higher-than-expected losses, which is leading reinsurers...
Rising Premiums, Low Catastrophe Losses Boost U.S., Bermuda Reinsurers’ H1 Profits August 24, 2022 U.S. and Bermuda reinsurers reported strong operating performance for the first six months of 2022, supported by continued pricing increases...
Reinsurance Capital To Drop $40 Billion at Year-End 2022: AM Best August 22, 2022 AM Best estimates that traditional reinsurance capital will drop by roughly $40 billion to $435 billion at year-end 2022, after...
Munich Re Keeps No. 1 Spot in Ranking of 50 Global Reinsurers, With Swiss Re at No. 2 August 17, 2022 Munich Re for the second-straight year holds the top spot in AM Best’s annual ranking of the Top 50 Global...
Reinsurance M&A Slows Amid Macroeconomic Risks, Higher Natural Disaster Claims August 15, 2022 Mergers and acquisitions in the global reinsurance sector will be limited into 2023 amid investor concerns over macroeconomic risks and...