Africa Specialty Risks Begins Operating as Lloyd’s Service Company October 4, 2024 Africa Specialty Risks (ASR), the pan-African and Middle East-focused reinsurance group, announced that has begun operating as a Lloyd’s service...
Reinsurers’ Appetite for Natural Catastrophe Risks Grows – But Discipline Remains September 4, 2024 By L.S. Howard Top reinsurers are showing increasing – but disciplined – appetite for natural catastrophe risks as a result of rising demand,...
Global Non-Life Reinsurer’s Profits to Peak in 2024: Fitch Ratings September 3, 2024 By Susanne Sclafane Fitch Ratings published midyear underwriting results for 19 non-life reinsurers, finding that the group’s average first-half 2024 combined ratio was...
Munich Re and Swiss Re Both Top List of 2023’s Largest Reinsurers August 30, 2024 By L.S. Howard Munich Re tops the list of the world’s 50 largest reinsurers that use IFRS 17 reporting standards, while Swiss Re...
Hard Reinsurance Prices Likely to Last Longer Than in Previous Market Cycles: Report August 15, 2024 By L.S. Howard Hard reinsurance pricing conditions are likely to last longer than in previous market cycles mainly due to persistently high claims...
What Happened to Reinsurance ‘Class of 2023’? Hard Market Defies Age-Old Patterns. July 12, 2024 By L.S. Howard Catastrophic events, such as major hurricanes and the Sept. 11 terrorist attacks, traditionally have led to hard markets that in...
Details of Aviation Lessor Settlements With Russia Over Trapped Planes June 21, 2024 Aircraft leasing firms have struck settlements with Russia totalling around $2.7 billion for over a quarter of the roughly 400...
Multibillion-Euro Court Battle Over Stranded Russian Jets Begins in Dublin June 11, 2024 Some of the world’s largest aircraft lessors faced off against their insurers in a Dublin courtroom on Tuesday at the...
Global Reinsurance Sector Outlook Revised to Positive on Robust Profits, Tighter T&Cs June 10, 2024 The market segment outlook for the global reinsurance segment has been revised to positive from stable after the sector saw...
Irish Court Case on Russia Jet Insurance Claims to Begin on June 11 May 30, 2024 Ireland’s High Court is to begin hearing a dispute around insurance claims for aircraft stuck in Russia on June 11,...