HVRRY News and Press, Hannover Rueckversicherung SE ADR From 10/28/21

The company reported a relatively significant uplift in its reinsurance recoverable after Q3 2021. Chubb's global reinsurance business fell to an underwriting loss for the quarter. Chubb has a robust business that can weather significant catastrophe events. For further detai...

RenRe reported that noncontrolling interests, which includes and largely comprises its third-party capital and ILS investors, would have over $322 million of these claims attributable to them. While the catastrophe losses and the ramifications of them are clearly going to be in focus ...

Travelers had eroded through almost 80% of the retention for its aggregate catastrophe reinsurance layer by the end of the first-half of 2021. By the end of Q1 Travelers had accumulated some $915 million of qualifying losses towards the aggregate retention of its reinsurance, with tha...

Rating agency Moody’s Investors Service has revised its outlook for the global reinsurance industry from negative to stable, saying that price increases are set to drive stronger earnings for the sector going forwards. Casualty pricing also remains strong, Moody’s said, ...

The devastating earthquake that struck the Caribbean nation of Haiti on August 14th is only expected to drive insurance industry losses of around US $250 million, while we’re hearing some parametric contracts are exposed. The impact of the quake has been significant in the affe...

The reinsurance market and insurance-linked securities (ILS) capital providers, have long-needed to put a floor under rates, to ensure they are covering their outgoings over the longer-term. There is perhaps more reason than ever before for reinsurance capital providers to ensure...

Both Germany and China have experienced their most costly insured natural disaster loss events in history in July, with both largely related to the impacts of devastating flooding, according to insurance and reinsurance broker Aon. Germany is expected to face around US $20 billion in ...

Environmental, social and governance (ESG) discussion is often focused on the investment side of the insurance and reinsurance industry, also in insurance-linked securities (ILS). Investments can drive change more deeply into business strategies, as industries could find capital will ...

Munich Re has reported €1.106 billion of profit for the second quarter of 2021. The COVID-19 pandemic continued to hit the reinsurers' life and health results, adding €241 million of losses during the quarter. The reinsurer noted that its 92% combined ratio target fo...

Storm Bernd struck Central Europe in July and caused most of its damage from flooding caused by a number of major rivers overflowing following extreme rainfall levels. Given Europe had faced more severe storms and floods in June as well and further storm activity in August, it likely ...