HVRRY News and Press, Hannover Rueckversicherung SE ADR From 03/13/20

There is a chance some carriers choose to exit certain parts of the reinsurance market if rates do not materially improve at the next sets of renewals in 2020, with some Lloyd's players in particular finding property catastrophe underwriting uneconomical currently. Rates did not improve as m...

Hannover Rueck SE (HVRRF) Q4 2019 Earnings Conference Call March 11, 2020, 10:00 ET Company Participants Jean-Jacques Henchoz - CEO Roland Vogel - CFO Michael Pickel - Member, Executive Board Klaus Miller - Member, Executive Board Conference Call Participants Kamran Hossa...

The following slide deck was published by Hannover Rück SE in conjunction with their 2019 Q4 earnings Read more ...

Australian primary insurance giant Suncorp (SNMYF) has referred to an "unprecedented" start to the season for catastrophe losses this morning, saying that it now expects to make recoveries across its reinsurance program, including its main program, drop-downs and aggregate reinsurance includin...

The ongoing outbreak of bushfires in Australia is now said to be the costliest example from an insurance and reinsurance market loss perspective, as the latest data shows losses reached A$1.65 billion (US $1.13bn). Estimated insurance claims from the bushfire disaster in Australia have kept ...

Significant issuance of property catastrophe bonds is expected in 2020, with a large amount of maturities likely to drive renewal issues, according to broker Aon (AON). In its latest reinsurance market report, Aon explains that loss activity over the last few years "had a relatively modest i...

The amount of insurance-linked securities ((ILS)) capital and collateral that is still trapped after recent catastrophe loss years has fallen only slightly, as some cat bond collateral in particular was released but fresh collateralised reinsurance and retro collateral was trapped by 2019 loss...

As the January 2020 reinsurance renewals fast approached, the two issues of trapped ILS capital and dented retrocessional capacity proved not to be as big or impactful as anticipated, with the market still managing to clear, partly thanks to the increased appetite and re-entry of large traditi...

The ongoing Australian bushfire disaster could now become the most costly on record, after estimated insurance claims rose by another 43% to reach A$1.34 billion (around US $925m) and a further sharp increase in the loss is now expected. The latest figure from the Insurance Council of Austra...

Australian primary insurance giant Suncorp (SNMCY) is the latest to provide an update on its losses from the ongoing bushfire disaster in the country, saying that it currently counts losses of up to $345 million but notes that it has drop-down and aggregate reinsurance that could come into pla...