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Issues related to the potential for insurance-linked securities (ILS) collateral to be trapped, because of uncertainty over the COVID-19 pandemic and its potential losses for the insurance and reinsurance industry, have largely been postponed until after the January renewals. This had...
As expected, the January 2021 reinsurance renewals have proved to be less firm than forecast, but in general the trajectory of reinsurance and retrocession pricing has been positive and as a result return potential continues to rise for those allocated to insurance-linked investments. ...
The catastrophe bond and related ILS market saw a record number of transactions in 2020. This drove issuance of pure 144A property catastrophe bonds above $10 billion for the first time ever, and issuance of cat bonds and related ILS transactions has now surpassed $16 billion. It ...
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...
Though Hurricane Laura wasn't as horrendous as feared, reinsurers aren't out of the woods yet. More news on: RenaissanceRe Holdings Ltd., Everest Re Group, Ltd., Swiss Re AG, Financial stocks news, Read more ...