Higher Reserving Uncertainties Could Sustain Hard Market Conditions: Report July 17, 2023 By L.S. Howard Systemic shocks related to the recent pandemic, the war in Ukraine, natural catastrophe losses and elevated inflation have raised questions...
Reinsurance Broker, Augment, Launches With Access to $100M in Funding July 17, 2023 Augment, a new Miami-headquartered reinsurance broker, announced its official launch with access of up to $100 million in funding from...
Will S&P Change ‘Negative’ Reinsurance Outlook to ‘Stable’ in 2023? July 14, 2023 By Susanne Sclafane While no one directly asked the question of this article’s headline at the S&P Global Ratings June annual insurance conference,...
AXA Weighs Offloading $2B Reinsurance Arm to Cut Exposure to Disasters: Sources July 12, 2023 By David French and Pablo Mayo Cerqueiro One of the world’s top insurers is mulling offloading its property reinsurance business in a bid to cut its exposure...
Appetite for Cat Exposures Returns; Reinsurers Stay Disciplined in Mid-Year Renewals July 6, 2023 By L.S. Howard Capacity was more readily available during the mid-year renewals, which brokers described as “orderly,” in comparison to the turbulent January...
Why the Investor-Driven Hard Reinsurance Market Will Persist in 2024 June 29, 2023 By Susanne Sclafane Reinsurers will continue to command adequate rates for property-catastrophe in 2024, even if the market comes through hurricane season unscathed,...
Intrepid Reinsurance Execs Take on Extreme Challenge in ‘World’s Toughest Row’ June 15, 2023 By L.S. Howard Four intrepid reinsurance executives from Convex and Swiss Re are rowing from Monterey, Calif. to Hawaii – as part of...
Reinsurers Maintain Their ‘Heightened Risk Aversion’ During June 1 Renewals: Report June 2, 2023 Reinsurance rates continued to harden during the June 1 renewals, with risk-adjusted property-catastrophe pricing up 33% on average, according to...
Client, Reinsurer Expectations Were Better Aligned at April Renewals: Swiss Re May 9, 2023 While the January reinsurance renewals proved to be the toughest and most gruelling for decades, the April 1 renewals, driven...
Wait ‘Til Next Year: Auto Profit Unlikely to Return in 2023: S&P May 2, 2023 In spite of continued actions to raise prices of coverage, auto loss cost continue to climb and profits will continue...