Reinsurers Charge ‘Rational’ Rates in April Renewals, from Flat to 25%: Willis Re April 1, 2019 While there were no signs of generalized rate hardening during the April 1, 2019 renewal season, reinsurers have adopted a...
Ethiopian Airlines Crash Could Break Record for Non-War Reinsurance Claim: Willis Re April 1, 2019 Liability claims related to the Ethiopian Airlines crash and the grounding of Boeing 737 MAX 8 aircraft could be the...
French Activist Fund Aims to Remove SCOR CEO Kessler from Board March 26, 2019 By Inti Landauro French activist fund CIAM will ask reinsurance company SCOR’s CEO Denis Kessler to surrender the chairmanship of the company’s board...
SCOR’s Net Profit in 2018 Rises 13% Despite Spate of Q4 Natural Disasters February 20, 2019 By Inti Landauro and Matthieu Protard French reinsurer SCOR, which was the target of a thwarted acquisition by rival Covea last year, posted a surge in...
Munich Re Reports 56% Drop in Q4 Profit on Spate of Natural Disasters February 6, 2019 German reinsurer Munich Re on Wednesday reported a 56 percent decline in fourth quarter net profit after a spate of...
Update: SCOR CEO Says Activist Fund Criticisms of Covea Tactics Constitute Slander February 5, 2019 By Inti Landauro French reinsurer SCOR’s Chief Executive Denis Kessler promised on Tuesday to release a strategic plan that would set new targets...
French Insurer Covea Abandons Hostile Takeover of SCOR January 30, 2019 By Fabio Benedetti-Valentini SCOR SE slumped the most in more than a decade in Paris trading [on Tuesday, Jan. 28] after rival Covea...
Swiss Re Estimates Its Q4 Natural Catastrophe Claims to Hit US$1.0B January 15, 2019 Swiss Re estimates it will pay claims of approximately $1.0 billion for natural catastrophes booked in the fourth quarter of...
Jan. 1 Renewals Saw ‘Muted Impact’ from 2018’s Catastrophes: Guy Carpenter January 14, 2019 The overall impact of catastrophe losses on property rates was muted at the Jan. 1, 2019 reinsurance renewals, but the...
Global Reinsurance Capital Is Resilient Despite Losses of $230B over 2 Years: Aon January 11, 2019 By L.S. Howard Global reinsurance capital – comprising traditional and alternative capital – fell 2 percent in 2018 to US$595 billion from $605...