HVRRY News and Press, Hannover Rueckversicherung SE ADR From 08/29/20

Insurance and reinsurance industry losses from Hurricane Laura's onslaught of the Louisiana and Texas Gulf Coast region today (Aug. 27) are expected to be manageable for the industry, despite the intensity of the storm, analysts have said. Hurricane Laura made landfall early this morning n...

As the global effects of the Covid-19 coronavirus pandemic were being felt across financial markets earlier this year, the insurance-linked securities ((ILS)) market was not immune and Swiss Re notes that the dislocation caused ILS new issuance spreads to widen by 20% to 30%. The uncertainty...

Hurricane Isaias, which impacted the Caribbean, made landfall in the Bahamas, then raked the Florida coast, after which it made landfall in the Carolinas and went on to impact the U.S. northeast including New York, is expected to cause insured losses of more than $1 billion. Reflecting on Hu...

Reinsurance market price rises are expected to catch up to the levels seen across primary and retrocession markets in recent months, flattening out the u-shaped marketplace and providing greater opportunities for underwriters and ILS investors to enhance their returns. Analysts have already ...

The current hard market phase in insurance and reinsurance "has legs" as the levels of capital remain constrained in both traditional and alternative capital markets, analysts at Barclays have said. Market volatility due to the COVID-19 pandemic, as well as the losses it has and is causing, ...

The current hardening cycle in the reinsurance market is expected to last until the end of 2021 by analysts at Jefferies, who also say the broad-based firming is now being seen in almost all lines of business globally. One concern of analysts and market participants is a narrower hard reinsu...

The reinsurance market may enjoy further double-digit price increases at the renewals in early 2021, but with capital now flowing into the sector, Fitch Ratings warns that this will inevitably halt the rate momentum. The good news is that reinsurance rates are catching up with the primary ma...

Insurance and reinsurance market losses from catastrophes and the Covid-19 pandemic already look set to reach somewhere from $100 billion to as much as $160 billion, according to broker Guy Carpenter. The total industry loss in 2020 could even be higher if the Atlantic hurricane season prove...

The global reinsurance market will fail to make returns above its cost of capital due to the impacts of the COVID-19 coronavirus pandemic, Fitch Ratings has said following a review of ratings in the sector. Cost of capital has been something the reinsurance sector has been struggling to earn...

The current dislocation of the mortgage insurance-linked securities ((ILS)) market due to the COVID-19 pandemic is likely to cause mortgage reinsurance rates to rise, impacting the originate to distribute model of many mortgage insurers. Over the last few years, issuance of mortgage insura...