HVRRY News and Press, Hannover Rueckversicherung SE ADR From 11/21/20

Global reinsurance firm Swiss Re looks set to target profitable growth for its property and casualty reinsurance business. Swiss Re is targeting an improved combined ratio for its P&C reinsurance business of less than or equal to 96% for 2021. The focus will be on profitabilit...

Travelers has confirmed that it made the full $280 million of recoveries from its property catastrophe aggregate reinsurance during the third-quarter of 2020. The third quarter has also been costly, with the company reporting $397 million of pre-tax catastrophe losses net of reinsuran...

Pre-announcements of catastrophe losses for the third-quarter of 2020 began to be released last night, and reports from RenaissanceRe, Arch Capital Group, AXIS Capital and The Hanover seemed to confirm the expectation that the majority would run well above estimates. Reports from thes...

Broking giant Aon said that reinsurance companies included in its Aon's Reinsurance Aggregate won't cover their cost of capital in 2020, after loss ratios rose on the COVID-19 pandemic. But the broker also noted that some reinsurance companies have been successful in raising new alter...

Hannover Re has seen a number of additional property cat placements so far this year. Althoff expects to see an increased demand for structured reinsurance solutions from clients interested in improving their solvency ratios. To date, the biggest claims impact relating to the glob...

Western U.S. wildfires so far this year have damaged or destroyed around 9,657 residential and commercial structures, while burning more than 5 million acres and the toll for the insurance and reinsurance industry could be as much as $8 billion already, according to Moody's. Moody's Investor...

Insurance-linked securities ((ILS)) funds have just had their best June and July performance since 2011, on average, as the improving returns in catastrophe bonds and other reinsurance linked investments start to become evident in managers' results. The average return of catastrophe bond and...

While California wildfires and Hurricane Laura are part of the day-to-day business of reinsurers, COVID-19 has understandably created a more daunting challenge for the industry. The persistent uncertainty around the pandemic has weighed on the share price of reinsurers, with Paris-based SCOR S...

A number of the major property and casualty insurers that are seen as most exposed to hurricane Laura's impacts on the Gulf Coast region could tap into their reinsurance programs, should the major hurricane prove particularly impactful. Analysts from Morgan Stanley explained that Allstate (A...

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...