Reinsurance News
Talanx Group, the parent company of Hannover Re, has generated nine-month Group net income of €1,592 million, already exceeding the full prior-year figure, and an improved combined ratio of 91.2% from 93.5 in 9M ‘23, despite numerous natural catas...
Posted: Nov 14, 2024
UK insurer Legal & General Assurance Society Limited has announced the completion of a £34 million buy-in with the Walkers Shortbread Limited Retirement Benefits Scheme (the Scheme), securing benefits for 161 retirees and 238 deferred members....
Posted: Nov 14, 2024
French reinsurer SCOR is currently seeing more or less flat property catastrophe reinsurance rates ahead of the January 1st, 2025, renewals, with price increases on loss affected programmes and pressure on loss free programmes in Europe and beyond...
Posted: Nov 14, 2024
According to Morningstar DBRS, insured losses from the extreme weather phenomenon (commonly known by its Spanish acronym DANA (Depresión Aislada en Niveles Altos) that caused severe flooding in the eastern region of Spain in October, are expected...
Posted: Nov 14, 2024
US private flood insurer Neptune Flood reports that the National Flood Insurance Program’s (NFIP) estimated losses from 2024 flood events, including Hurricanes Helene and Milton, as well as Hurricanes Beryl, Debby, and Francine, could reach...
Posted: Nov 14, 2024
British insurer Aviva has reported general insurance (GI) premium growth of 15% to £9.1 billion for the first nine months of 2024 compared to £8 billion in the same period last year. Country-wise, UK&I GI premiums grew by 18% to £5.7 billion i...
Posted: Nov 14, 2024
Speaking earlier today during Swiss Re’s earnings call for the third quarter of 2024, Group Chief Executive Officer (CEO), Andreas Berger stated that given the current trends being seen across the reinsurance market, he expects 1.1 to be a c...
Posted: Nov 14, 2024
Duck Creek Technologies, a provider of software solutions for property and casualty (P&C) and general insurance, has announced the launch of its second Center of Excellence (CoE) in Warsaw, Poland. This new facility, joining the existing CoE i...
Posted: Nov 14, 2024
Hamilton Global Specialty, an underwriting platform of Bermuda-based Hamilton Insurance Group, has entered into the US Property Insurance at Hamilton Americas, its US managing agency (MGA). The company’s entry into the market will be led by...
Posted: Nov 14, 2024
French reinsurer SCOR has reported a group net loss of €-117 million in Q3 2024, driven by a negative insurance service result in L&H reinsurance. However, its P&C segment saw a very strong performance, with a combined ratio of 88.3%. At t...
Posted: Nov 14, 2024
Global reinsurer Swiss Re generated a net income of $2.2 billion and $102 million for the first nine months and third quarter of 2024, respectively, despite the previously announced addition of $2.4 billion to its prior year US liability reserves....
Posted: Nov 14, 2024
Aon, a professional services firm providing a range of risk, retirement, and health solutions, recently released a report on the UK risk settlement market, shedding light on significant trends and strategic shifts affecting the bulk annuity sector...
Posted: Nov 14, 2024
International law firm CMS has hired Hannah Cane as a partner within its Insurance and Reinsurance Group (IRG) in London, further strengthening the firm’s insurance and reinsurance capabilities. She joins an established team of IRG Construction sp...
Posted: Nov 14, 2024
James River Group Holdings has released its financial results for the third quarter of 2024, posting total revenues of $191.4 million, despite a net loss of $42.0 million, and a higher combined ratio of 135.5% compared to Q3 2023. For last year’s...
Posted: Nov 14, 2024
A new whitepaper released by re/insurance broker Howden in partnership with Boston Consulting Group (BCG), has highlighted how the role of insurance has largely been a blind spot in strategic conversations around climate and nature finance, and ho...
Posted: Nov 13, 2024
Global specialty broker Price Forbes has announced that Henry Morgan will join its Global Construction team in London as Director – Construction, effective March 2025. Morgan brings more than 13 years of experience in the US construction wholesale...
Posted: Nov 13, 2024
Fidelis Insurance Group, a global specialty insurer, has formed a strategic partnership with Euclid Mortgage Insurance Services, LLC (Euclid Mortgage), a managing general agency specialising in underwriting credit risk on residential mortgage port...
Posted: Nov 13, 2024
Reinsurance Group of America (RGA) , a global life and health reinsurer, has announced today that Ruby Re, a reinsurance sidecar vehicle sponsored by RGA and focused on the US asset-intensive market has successfully closed a second round of fundin...
Posted: Nov 13, 2024
Bermuda-based global specialty insurance group Ascot has received a minority investment from BellTower Partners LLC, a private holding company that invests permanent capital to acquire significant and influential ownership positions in private bus...
Posted: Nov 13, 2024
The Insurance Development Forum (IDF), alongside its partners, has successfully delivered two parametric insurance products to help strengthen the financial resilience of flood-prone communities in Ghana. In response to the increasing flood risk a...
Posted: Nov 13, 2024
A new research report commissioned by Fathom and conducted by IFI Global reveals that the insurance industry is falling behind in establishing dedicated climate risk committees, suggesting that firms would benefit significantly from adopting them...
Posted: Nov 13, 2024
Previsico, a provider of surface water flood forecasting, is introducing Instacasting, a next-generation flood mitigation solution. Instacasting uses the most accurate observed rainfall data available (rather than predicted data) to assess surface...
Posted: Nov 13, 2024
Ambac has revealed that its specialty P&C insurance production, which includes gross written premiums (GWP) by its Specialty P&C Insurance segment, Everspan, and premiums placed by the Insurance Distribution segment, totalled $260 million...
Posted: Nov 13, 2024
HDI Global, a corporate and specialty insurer, is expanding its Environmental Liability Insurance to the international market adding Social and Governance coverage, addressing the growing concerns around evolving risk contexts and increasing regul...
Posted: Nov 13, 2024
Probitas has announced the addition of five new lines of business following its integration with Aviva, including Marine (Cargo, Fine Art & Specie, Ports & Terminals), Construction, Renewable Energy, Contingency/Event Cancellation, and Mer...
Posted: Nov 13, 2024