Global Reinsurers Shoulder ‘Considerable Burden’ of COVID-19 Claims September 9, 2021 By L.S. Howard Global life and non-life insurance and reinsurance COVID-19 claims are approaching $50 billion, which has had a significant burden on...
Global P/C Premiums Likely to Double by 2040, but Motor Growth Will Slow: Swiss Re September 8, 2021 By L.S. Howard Global property/casualty premiums are expected to more than double to US$4.3 trillion in 2040 from US$1.8 trillion in 2020 –...
Reinsurer SCOR Restructures Group Leadership Team September 3, 2021 SCOR announced changes to its group executive committee, which aim to facilitate the reinsurer’s next phase of strategic development. SCOR...
Munich Re Moves Ahead of Swiss Re as Reinsurer With Most GPW: AM Best September 2, 2021 Munich Re replaced Swiss Re as the largest reinsurer in AM Best’s annual ranking of the Top 50 Global Reinsurance...
Reinsurance Prices Expected to Harden at Jan. 2022 Renewals – with Less Momentum August 24, 2021 Global reinsurers’ underwriting performance will continue to improve in 2022 as premium rate increases take hold, with further rate hikes...
People Moves: Aon Reinsurance Appoints 6; TigerRisk Hires Edwards from Lloyd’s; Nexus Names Tan Head of Treaty; Riveros to AXIS Re for Credit & Surety August 23, 2021 This edition of International People Moves details reinsurance-related appointments at two brokers: Aon Reinsurance Solutions and TigerRisk as well as...
Europe Reinsurers’ H1 Profits Climb on Lower COVID Claims, Hardening Prices: Moody’s August 19, 2021 The four largest European based reinsurers – Munich Re, Swiss Re, Hannover Re and SCOR – reported sharply higher profits...
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...
Casualty Proves to Be a Good Diversifier for Reinsurers: Aon July 21, 2021 Casualty is proving its value as a good diversifier for reinsurers, especially given the positive primary rate movement seen in...
Singapore Reinsurers’ Association Re-elects Executive Committee June 24, 2021 The Singapore Reinsurers’ Association (SRA) has re-elected three retiring members of its executive team, which resulted in an unchanged EXCO...